Thursday, November 1, 2012

"They can print money; we can't do that here."

New York thinks the Federal Government should shoulder 100% of the cost of their clean up.
New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City.
...That would be a significant change from last year when the federal government covered about 75 percent of the $1.2 billion cost paid by New York to clean up after storm Irene hit the region.
New York top finance official, Comptroller Thomas DiNapoli, said Washington should foot the bill, because of lingering financial pressures on state and local governments from the 2007-09 recession. "I think the focus will have to be on Washington, for obvious reasons," DiNapoli told Reuters in an interview.

"They have greater resources. They can print money; we can't do that here. And given the fact this is not just a New York disaster, it's really a national disaster, it's probably for the federal government to step up and play a significant role."
To be fair, it's been done before...
Former President George W. Bush allowed 100 percent reimbursement of costs in some states after Hurricane Katrina struck in 2005, Mayer, who worked at DHS during Bush's presidency, told Reuters.
So, New York equates itself with Mississippi?

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