Are we in worse shape than Japan?
No, we’re not. The devastation in Japan is brutal.
Nobody wants to say it, but this disaster might surpass the 2004 Tsunami in Banda Aceh, Indonesia. Close to 170,000 people were killed there and many more injured.
The human cost is enough to break even the hardest heart. I will guess that the Japan tsunami will surpass Banda Aceh not only in terms of human death, but in monetary terms as well. The Disaster-modeling company AIR Worldwide said it estimates the insured losses from the Japan earthquake/tsunami at between $15 billion and $35 billion. So we’ll just double it to 70 billion and round up to 100 billion dollars in damages to the Japan coastline.
100 Billion, that’s a bunch of money. But 100 billion is dwarfed by the amount of 1.5 Trillion. I’m trying to get a grasp on these numbers but my calculator doesn’t even go this high.
“My favorite way to think of it is in terms of seconds,” says David Schwartz, a children’s book author whose ‘How Much Is a Million?’ tries to wrap young minds around the concept. “One million seconds comes out to be about 11Â½ days. A billion seconds is 32 years. And a trillion seconds is 32,000 years. I like to say that I have a pretty good idea what I’ll be doing a million seconds from now, no idea what I’ll be doing a billion seconds from now, and an excellent idea of what I’ll be doing a trillion seconds from now.”
It would be one thing if 1.5 trillion was our Total debt, but it’s not. It’s the total deficit. It’s spending above and beyond the call of duty. It’s hard to grasp….1,500,000,000,000 smackaroos over a non-existent budget. I’m embarrassed when I’m a couple hundred bucks over a budget, but at least I make one.
The damage to Japan is horrible, but can you imagine, we could rebuild the Japan coastline 15 times with the money we’ve over spent in just the past few years. It’s unbelievable. It’s unsustainable. It’s undeniable.
The damage to Japan could be much higher than 100 billion, but I think you get my Drift.