US Senator Pushes for Sandy Recovery Package

Press Release
Wednesday, December 19, 2012

U.S. Senator Robert Menendez pushes for approval of the $60.4 billion Sandy Recovery package now being debated in the U.S. Congress.

Menendez took to the floor of the house of the Senate in response to criticisms being leveled by some Republicans over elements of the emergency funding measure which has been proposed by the Obama Administration and supported by Governors Christie and Cuomo.

Excerpts of his remarks follow:

Some seem to be questioning whether this emergency is worthy of a robust federal response.  They say the cost to help families rebuild and recover is too much, that it should be reduced, that it’s not necessary, that in this emergency, unlike many other similar emergencies in the past, we should do something smaller and wait to do the rest later.  But…those who…make that argument don’t seem to understand that a piecemeal recovery is a failed recovery.   
 
Right now there are literally tens of thousands of small business owners trying to decide whether to reopen or pack it in…waiting to find out is the government going to offer me a small business loan at low rates competitive with the marketplace…? Will they give me a grant towards my rebuilding?  Same with the person who, as winter is biting in the northeast, faces the challenges of, well, what am I going to get from my government as it relates to rebuilding my home?  Should I go forth or not?

It’s as if some of our colleagues don’t believe when we describe this tragedy…. Do you think Governor Christie is making this up?  Do you think that the fiscal hawk of the republican party is looking for federal aid that isn’t desperately needed?   So this storm damage is real and the governors’ requests for funding… which were actually $20 billion higher than the amount we are debating…these requests were scrubbed by OMB…gone over by the committee…and everything in the bill is about declared disasters.  So now it is time to come to our neighbors’ help.
There are those who say that they’re upset about the Army Corp’s element of this disaster bill.  They say that planning and rebuilding for the future is a waste… But I would submit that those members who care very much about fiscal responsibility – that it is neither efficient nor is it effective, nor is it fiscally responsible.   It seems to me that if we want to be smart fiscally that planning for the future means rebuilding well and rebuilding smart…in a way that protects us from future storms.  If we don’t rebuild smarter, better and with stronger coastal protections, we’ll be paying again after the next storm in terms of human suffering and federal funds.  Time is of the essence.  These communities can’t wait.

Mitigation means rebuilding smarter and stronger. Whether it’s thru a flexible CDBG account…or elevating homes or … FEMA programs, mitigation has long been a part of disaster supplemental appropriations.  In the Gulf Coast, we spent $16 billion building a world class storm protection system.  In Alabama and Texas, we used CDBG funding to raze homes and improve infrastructure.

After Katrina, in ten days – ten days – the Congress passed two emergency supplemental that totaled a little over $62 billion.  It has been six weeks – not ten days – six weeks since the storm hit New Jersey, New York and the northeast and there hasn’t been any action.  The urgency of now is incredibly import


Legal

Securing the Scorpene: DCNS to Move Court

The French shipbuilder DCNS plans to seek an injunction to prevent further publication of information contained in 22,400 secret documents about stealth submarines built for India,

SOS from Hanjin Shipping

The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

Hapag-Lloyd Shareholders Okays Merger with UASC

Hamburg-based ocean carrier Hapag-Lloyd said its shareholders approved all items on the agenda at Annual General Meeting, mainly the  share capital increase needed

Finance

Meyer Turku Continues Shipyard Investments

Meyer Turku shipyard  has further enlarged it’s investment package with a new 75 million euro steel storage and pretreatment facility. This is already a third large

Carriers have Withdrawn Extremely Low Spot Market Freight Rates - Drewry

Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in July by 13% to reach $1,403 per 40ft box.

Hapag-Lloyd Cruises Orders Two Vessels

TUI Group, the world’s number one tourism group, will invest in two new-builds for its Hamburg-based subsidiary Hapag-Lloyd Cruises. The two, new, 5-star expedition

Government Update

White House: Iranian Ships' Actions in Gulf Increase Risk of Miscalculation

Actions by Iranian vessels in several encounters with U.S. warships in the Gulf this week are cause for concern and increase risks of miscalculation, the White House said on Friday.

Cochin Port Gets a Little 'Breathing Space'

The Cabinet Committee on Economic Affairs of India, chaired by the Prime Minister Narendra Modi, has given its approval for waiver of penal interest on Government

Iran Vessels Make 'High Speed Intercept' of US Ship

Four of Iran's Islamic Revolutionary Guard Corps (IRGC) vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said, amid

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1154 sec (9 req/sec)