Sandy Price Tag: $50 Billion

A beach house in Far Rockaway, New York destroyed by Hurricane Sandy.<a href="http://www.shutterstock.com/gallery-1024723p1.html?cr=00&pl=edit-00">Leonard Zhukovsky</a> / <a href="http://www.shutterstock.com/?cr=00&pl=edit-00">Shutterstock.com</a>

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A few weeks ago, my colleague Kevin Drum wrote that Congress was “about to get hit in the head with the price of climate change.” Well, here it is. On Wednesday, news broke that President Obama is expected to ask for around $50 billion in disaster aid in response to Hurricane Sandy. And even that is not nearly as much money as the affected states have asked the federal government to provide.

From the New York Times:

The White House is assembling a spending request to send to Capitol Hill as early as this week, and while the final sum is still in flux, it should fall between $45 billion and $55 billion. That represents an enormous sum at a time when Mr. Obama is locked in a titanic struggle with Republicans over the federal deficit, but is significantly less than the states sought.

Unless an austerity-minded Congress adds to the president’s plan, state leaders would have to figure out other ways to finance tens of billions of dollars of storm-related expenses or do without them. New York, New Jersey and Connecticut were seeking a combined $82 billion in federal help both to clean up and restore damage from Hurricane Sandy as well as to upgrade and harden infrastructure to prepare for future storms.

Climate-fueled megastorms like Sandy, droughts, wild fires—none of these are cheap. And while this is one big, expensive storm, we’ve also been paying for billion-plus-dollar disasters more frequently in the paset few years.  For so long, all we seemed to hear from Congress about climate change were complaints that we can’t afford to deal with it. Now that a giant bill is coming due, I wonder what they’ll have to say.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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