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The latest news from the White House:

The US will announce a target for reducing greenhouse gas emissions before next month’s UN climate summit, according to a White House official.

The target is expected to be in line with figures contained in legislation before the Senate — a reduction of about 17-20% from 2005 levels by 2020.

This is no big surprise: 17% is the figure in Waxman-Markey and it’s close to the figure in the various Senate bills.  Overall, it’s a pretty modest target, but Obama could hardly pledge anything more under the circumstances.  At least it’s something.

(I think this is going to be my motto for the next four years: “At least it’s something.”  Kinda sad, isn’t it?  But at the moment we’re still pretty plainly not willing to face up to reality on a whole bunch of different fronts.  So we do what we can.)

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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