August 2014 Napa Valley Earthquake Relief for the Pacific Act (Debating)

[bore]

When did the Pacific get the designation the People's region? The northeast has more members of The Party and can also, along with the south, claim to have been more involved in TPP's founding

I don't think we should pay for every bit of damage not covered by the insurance because otherwise, well, what's the point of it? Which then leaves me wondering what lambda (at least I assume it's lambda) is in simfan's equation. That seems the important question.

A quick rummage on the wiki gives the Pacific's expenditure as $379.200 billion while the federal government spends about 695 billion on the pacific. Just in terms of relative spending power.

[bore]

Yeah, despite me never noticing before yesterday, you're right the pacific has had that name for a long time. I'm glad that it's not a partisan thing anyway. But you're right it's not relevant

I was thinking of a ratio of around about 7:4 federal:regional, although I'm not sure what that would be.

According to Simfans formula, the fact the government pays less than 100% for people without insurance is factored, but I have no idea what fraction it does pay (the lambda in the formula). So we need to know that before we progress I think.

[bore]

Offering an amendment to put the federal and regional expenditures on this in sync to wider federal and regional expenditures, then I think we should have a final vote.

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[bore]

Oh didn't see this, I would have been okay with a final vote.

As for bore's amendment, what would you say with 800 millions?

Well I'm not going to vote against it if it were 800 million, but the 730 was chosen for a reason. Namely the 730/1150 is the same as 400/700 so the cost would be distributed among regional and federal governments according to their ability to pay.

[bore]

Where is this distribution formula determined for the cost, referred to what Cranberry said in his previous to last post?

The sum that government should pay according to simfan's model is 1.15 billion.

The annual federal expenditure divided by 5 (so roughly the amount spent on the pacific) is about 700 million, while the pacific's regional expenditure is roughly 400 million.

So, it seems reasonable for the federal government to contribute 7/11ths of the 1.15 billion.

[bore]

I'd be happy for a final vote.

Simfan's figure seems reasonable and in line with what would be expected and with other known facts, so I'm happy to take it in good faith.

[bore]

Aye