Feds Will Pay Entire Cost of Bridge Replacement?

[r32]

"The Federal government will pay for the ENTIRE cost of reconstructing that bridge."

-Crippled Joe

Your tax dollars at work.

Britannia is one of 12 mutual insurers included in the International Group of P&I Clubs, which maintains more than $3 billion of reinsurance cover, sources familiar with the matter told Insurance Business.

Britannia itself is liable for the first $10 million in damages, both FT and Insurance Business reported. Whatever remains is dealt with by the wider mutual insurance group and Lloyd's of London, a reinsurance market in the UK, according to FT.

 

[enframed]

What would a libertarian want to do about this?

 

[hal9000]

What would a libertarian want to do about this?

something something we have to keep commerce going who’s going to pay for this.

you didn’t build that.

 

[Pico]

My bridge popped off the other day. Dent trmp dont work.

 

[Duffy LaCoronilla]

Roads!!!!!!

 

[mundus]

Clearly a federal responsibility.

 

[Ifallalot]

Clearly a federal responsibility.

Absolutely not

The ship's insurance should be paying for this, and if the insurance cannot then the government should sue Singapore for the funds

American taxpayers should be profiting on this, not paying for it

The only acceptable use of tax dollars would be to front the money to get the bridge rebuilt until funds could be properly compensated from the insurance and the flag country of the ship

 

[GromsDad]

Clearly a federal responsibility.

Perhaps it was a Fed inside job?

 

[mundus]

Perhaps it was a Fed inside job?

You never disappoint!

 

[sirfun]

Perhaps it was a Fed inside job?

what else is there ?? )​

 

[Norm']

Mexico

 

[Sharky]

Clearly a federal responsibility.

Wasn't it a Singaporean vessel that hit the bridge?

 

[mundus]

Wasn't it a Singaporean vessel that hit the bridge?

Yes

 

[hal9000]

Build a wall and make mexico pay for it

 

[Sharky]

Mexico

They're willing to pay for it, but they can't make it over the wall carrying a check that large.

 

[Sharky]

Yes

Seems like Singapore or the ship's insurance carrier should maybe pay for the damage?

 

[ElOgro]

Mexico

Beat me to it.

Is there any precedent for the country of registry paying for losses caused by shipping accidents? The feds will foot the bill in the end.

 

[mundus]

Seems like Singapore or the ship's insurance carrier should maybe pay for the damage?

I am sure some money will be clawed back, but major infrastructure is the Feds responsibility.

 

[sirfun]

The only acceptable use of tax dollars would be to front the money to get the bridge rebuilt until funds could be properly compensated from the insurance and the flag country of the ship

trump should campaign on this platform !! )

only he knows some good lawyers that can make it happen !! )

 

[Aruka]

The ship's insurance should be paying for this, and if the insurance cannot then the government should sue Singapore for the funds

So if the roles were reversed and a privately owned US based ship took out a bridge in Singapore and the ships insurance didn't cover the total cost, the US taxpayer should be liable for the difference?