as bad as all that
As bad as one fears. Oh honey, it can't be as bad as all that. I'm sure your teacher will be understanding—you're not the first person who ever forgot to do her homework. I doubt the storm will be as bad as all that.
as bad as all that
as bad as reported; as bad as it seems. (Usually expressed in the negative.) Come on! Nothing could be as bad as all that. Stop crying. It can't be as bad as all that.