Severian
14th September 2005, 08:19
Originally posted by
[email protected] 13 2005, 05:27 PM
As for the cost of Katrina, I'm seriously surprised its that little of a cost.
It is more, really.
$200 billion is just the government budget cost. The total impact on the economy will be much larger: people dead, injured, sick, homeless, unemployed, businesses out of operation, buildings destroyed....insurance companies taking a big hit....you get the idea.
'Course that's true for wars, too, that the government budget cost is a small part of the real cost.
I saw one article suggesting the Gulf Coast region may take a lot longer to recover economically than parts of the U.S. hit by natural disasters typically do. Partly 'cause the local economy is so agriculture-manufacturing-resource extraction oriented.