"We are so hosed"

That is what a commenter wrote in response to Lee DeCovnick's post in American Thinker. Mr. DeCovnick was musing on the Japanese official estimate of the cost of rebuilding following the recent earthquake and tsunami, which is in the range of $198-$309 billion. Mr. DeCovnick's reaction:

Uh... hold on a minute. Something seems wrong with these numbers.  Do I understand this correctly; all those coastal cities and towns that were leveled, the tens of thousands of cars and homes that were pulverized, all the stores, shops, factories, warehouses, schools, freeways, roads, ships, aircraft, trains, port facilities and infrastructure reduced to rubble and it will only cost as much as US Federal deficit for a couple of months?

Yup. Read the article, see the evidence, and then get angry. Very, very angry. 


Virtual buckeye to Charlie Earl.