Patt Morrison

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As natural disasters grow more destructive & costly, who will pay to clean up?

by Patt Morrison

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Kimmy Lankford walks with her son Jack, 5, during a walk through their neighborhood after a massive tornado passed through the town. Mario Tama/Getty Images

President Obama pledged full support to the state of Missouri Monday, after the worst tornado in 50 years ripped through the town of Joplin and churned up $3 billion in damages. But House Majority Leader Eric Cantor (R-VA) said that before Congress approved federal funds for disaster relief, it had to offset the spending with cuts to other programs. In the short term, a House panel yesterday proposed $1 billion in emergency disaster relief money that would be offset by a spending cut elsewhere. Where that money will be taken from remains to be seen, but as natural disasters seem to occur more frequently, and the Republican-controlled House aims to rein in government spending, how will the government offset these future costs? Should other programs be cut in preparation?

Guests:

Greg Carbin, warning coordination meteorologist with the NOAA Storm Prediction Center

Nikhil daVictoria Lobo, senior vice president of the re-insurance company Swiss Re

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