Christie Realizes He Is Getting Outbid
A few days ago I predicted here that Governor Christie of New Jersey would promptly up his $29.4 billion demand for Federal disaster aid for the hurricane as soon as he saw the $40 billion demand of Governor Cuomo of New York. This is a matter of state pride!
Sure enough, from this morning's Wall Street Journal: " Gov. Chris Christie on Wednesday put the total cost of recovery and protection against future storms at $36.8 billion, up from $29.4 billion last week. The estimate included an additional $7.4 billion in mitigation and disaster-prevention expenditures, the governor said." "Mitigation and disaster-prevention" means exactly what? A giant sea wall? No amount of money is going to make those barrier islands safe. New Jersey has well over 100 miles of them. $7 billion won't even make a start. It's just a game to see how much of the free money you can get.
Nobody yet has the idea of telling people the one thing that makes any sense: if you build on the barrier island, you're on your own.