Posted by
Jason on Friday, January 11, 2008 4:12:13 PM
In perhaps the most overt demonstration of how to define "entitlement mentality" I've ever witnessed, claims related to Hurricane Katrina have now reached more than $3 Quadrillion. To give you a little perspective, the 2007 Gross Domestic Product of the United States was only a mere $13.2 trillion.
"The figure - $3,014,170,389,176,410... - represents a fraction of the roughly 489,000 claims that residents and business owners filed against the federal government over damage from the failure of levees and flood walls following the devastating hurricane that hit the US Gulf Coast on August 29, 2005.
"The US Army Corps of Engineers says it has received 247 claims for at least $1 billion... apiece, including one for an even $3 quadrillion...
"For the sake of perspective... a stack of one quadrillion coins... would reach to Saturn."
Maybe next time people just shouldn't buy a home or business in a high-risk flood and hurricane zone without proper insurance. When you take on that risk, it's not the responsibility of the governement to bail you out when your gamble doesn't pay off, especially to the tune of three thousand trillion dollars!
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