Quote of the Day: The Price of Progress

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From the Congressional Research Service, in a report on the cost of new EPA regulations that will shut down some of the worst polluting coal plants in the country:

The costs of the rules may be large, but, in most cases, the benefits are larger.

The full report is here. Brad Plumer has the user-friendly summary here. Bottom line: The cost of the new EPA regs is almost certainly being hugely overestimated by the power industry (surprise!), and the benefits in public health will almost certainly be far greater than the price tag for replacing our most antiquated coal plants — which are mostly near the end of their life anyway — by more efficient combined cycle natural gas plants.

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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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