[Starstruck]

Whether it was caused by AGW or was just a natural weather event will be decided by whom? Do I smell a bureaucracy in the making? Surely a mere billion won't cover all damage. That will need to be increased by carbon taxes levied against the evil polluters. Yes that's YOU

[palmer]

Whether it was caused by AGW or was just a natural weather event will be decided by whom?

Worse, it will be handed out politically regardless of any weather events.

Surely a mere billion won't cover all damage.

Actually it would. Global warming causes very little damage, a bit more heat in heat waves and a corresponding dryness in summer droughts. The extra stuff blamed on global warming varies from highly local (some extreme rainfall) to wrong ("wavy" jet stream when climate models predict the opposite). The extra cost from extra heat would be far less than a billion. Some things will probably improve like fewer strong tornadoes.

That will need to be increased by carbon taxes levied against the evil

Absolutely. Anyone who has the nerve to want to stay warm in the winter or to drive to a job rather than stay home and get a welfare check.

[dennisw]

A new Federale bureaucracy staffed by Obama voters. No conservatives or heterosexual white guys need apply.

Its all about gettin paid (by the taxpayers)