- Aug 26, 2000
- 28,651
- 100
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While we mourn the loss of lives in this tragedy, in the background lurks the actual financial toll that this terrorism has had and will have on our economy. This is not to disparage the lives that were lost because this is the real tragedy, particularly for those related or close to the victims.
But I'm just pondering what some of the financial cost estimates are going to look like when the smoke clears and we find out how much this has really cost us.
Pentagon - $1Bil? (I heard this somewhere)
WTC (all structures/infrastructures) - $50 Bil?
Lost airlines business already and to come - $30Bil (I heard this estimate on cnbc)
Congress' aid package - $40Bil
Future tourism from int'l visitors - $Bils!
Other industry productivity interuptions - $Bills!!
Military retaliation and prolonged action - $Bills!!
Stock Market down 500pts. - $500 Bil???
Its staggering. If anyone vetoes any future congressional bills for increased intelligence spending they should be instantly committed!
(note: this is not to say that all of this is lost though since the market can rally and some of these expenditures will hopefully lead to avoiding future tragedies like this one, and if we don't spend as much on tourism then its more money in our pockets etc.)
But I'm just pondering what some of the financial cost estimates are going to look like when the smoke clears and we find out how much this has really cost us.
Pentagon - $1Bil? (I heard this somewhere)
WTC (all structures/infrastructures) - $50 Bil?
Lost airlines business already and to come - $30Bil (I heard this estimate on cnbc)
Congress' aid package - $40Bil
Future tourism from int'l visitors - $Bils!
Other industry productivity interuptions - $Bills!!
Military retaliation and prolonged action - $Bills!!
Stock Market down 500pts. - $500 Bil???
Its staggering. If anyone vetoes any future congressional bills for increased intelligence spending they should be instantly committed!
(note: this is not to say that all of this is lost though since the market can rally and some of these expenditures will hopefully lead to avoiding future tragedies like this one, and if we don't spend as much on tourism then its more money in our pockets etc.)