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Hit, the volumes of businesses, the number of people affected, look to the population centers, because that is where you are really going to struggle to get the info. getting resources to people who are affected out here? that could be really difficult. pretty unbelievable. and, i am looking at this and wondering how it compares to other storms we have already seen. even in recent days. you know, i have been covering hurricanes for a long, long, long time. you can do all the protecting you want, in the and the water comes, and the storm comes in, and you find out what really happens. and the case of ike in 2008, what we saw what really happened was 15 to 20 foot surges in texas near galveston, about 25 billion dollars in damage. hurricane denys in 2005, 7 to 9 foot search on the florida panhandle, pushing up towards alabama,. their 2.2 billion dollars in damage. again, think about where it hit, how much building went on there, because some of these storms are very expensive because ....
Civil retirement payments. and then 12 billion in veterans benefits. the government is sending out millions of payments every day to various people and businesses across the country. not to mention investors who are holding our debt. if we need to reach that date, we don t know what would happen to all of those payments. there could be delayed. they could be not made for a long period of time. it s hard to fathom what that world looks like where the government is not making those commitments. we don t know what that date is gonna come. there is lots of uncertainty with government cash flow. we do know is that the treasuries and to be on thin ice in early june. we don t know how thin, problem when you re skating on thin ice is sometimes you fall through. right, also on june 2nd. 25 billion dollars worth of social security payments that will be due. the next chart on the screen is the debt maturing into 2023. on june 1st, 105 billion dollars of debt will mature. what s the signific ....
250,000 dollar deposits an terms of one of the types. but there is also th possibility of one of the idea from executives right? in addition to that maxine waters, fellow democrat, alluding to that 250,000 sayin hey raise the cap here because at some point in the progres of the way bank scow, it wil affect the everyday person i think it s an issue tha we are going to have to explor but i want to be crystal clear that there should be accountability through the ban executives and for the ban supervisors who failed to hold those bank executive accountable. those are going to be issues that we explore in the weeks t come but we have to restore th regulations that were repealed in 2018. in 2018 he signed into law a bill that actually raised th threshold for enhanced banking supervision from 50 billio dollars and total assets to 25 billion dollars in silicon valley bank which lobbied fo ....
I don t know why i m supposed to feel better about that. but don t private planes have to follow the same rules, or i guess not? i mean, i would guess so, right. i think the big thing here is as flyers, as consumers, you and i just don t know what s going on. all we see is a story like this every week. and we re seeing more and more them might as people try to break back and travel after covid. i did not even know there s more flights now than there was before covid. all i know is the faa is definitely, you know, understaffed, underfunded, as been reported. the budget in 2022 was 18.5 billion dollars for the faa, which is actually less than it was in 2004 adjusted for inflation. so, we have more flights. you know, we probably need better technology. we re in the 20 twenties. but why is the budget less than it wasn t 2024? john, there was a big infrastructure bill that passed. is that supposed to be helping with some of the stuff? 25 billion dollars worth of health on the way, all ....
Or is it the crumbling system that needs updating? no, i think it s a little bit about. but we have these plateaus of technology that we ve had it would ve been the faa. and we talk about this new big budget that s come to the faa. that doesn t mean that that money is actually appropriated. this is an important point to make. just because the said, hey, you re gonna get 25 billion dollars this year for this in this, it doesn t mean that money is actually given to the faa. i used to go to congress and plead for money every year when i was with the faa, about 15 years ago, and when i would do, that they would say this is great, i don t want to have to be the congressman that turns us down, because i don t want to be the one standing there saying we had a crash because of me. so, they will say, yeah, let s get this money out there. and they do, and they sign those bills. but when it comes timeo actually appropriate that money and put it into the right pockets, that s where it all fall ....