Author: Robert Zimmerman

What Democrats did wrong on the debt ceiling in 2010

10:44 pm

Analysis from a liberal at the Washington Post: What Democrats did wrong on the debt ceiling in 2010.

Raising the debt ceiling is really, really unpopular. The idea that Congress should vote itself more authority to run deficits is really, really unintuitive. Even now, after many months of coverage and the most aggressive communications campaign this White House has attempted, Americans are closely split on whether we need to raise the debt ceiling by Aug. 2. Whenever I try to run out the logic of Obama simply refusing to allow Republicans to take the debt ceiling hostage, I end up with us approximately where we are now, but Obama’s numbers are lower, the GOP’s numbers are higher, a number of congressional Democrats have broken ranks, and Washington elites are firmly arrayed against the White House.

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ISS partners discuss how to use the space station as a test bed for missions beyond low Earth orbit.

8:43 pm

Now why didn’t they think of this before? The ISS partners met today to discuss how to use the space station as a test bed for missions beyond low Earth orbit.

As I wrote in Leaving Earth, a space station is nothing more than a prototype interplanetary spaceship. This kind of research is really its main purpose, and I am glad that the governments running ISS are finally beginning to recognize it, even though their engineers have known it for decades. Note too that the press release above also gives a nice overview of some of the ongoing research on ISS that is directly related to learning how to survive in space for long periods.

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Better constants in science

1:22 pm

More precise constants in science.

The numbers include reduced uncertainties for several key constants, which physicists say is encouraging because these will allow for better tests of theory. The more precise figures will also aid plans to redefine familiar units of measure­ment, such as the kelvin and the kilogram, in terms of unchanging fundamental constants rather than relying on a material object that might not be stable (as for the kilogram standard).

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Downgrade could come as soon as Friday

9:58 am

The day of reckoning looms even closer: Credit rating downgrade for the U.S. government could come as soon as Friday. Key quote:

It’s not the debt ceiling that’s triggering a potential ratings change — it’s the trajectory of debt generated by the federal government.

And this:

The problem, as [the ratings agencies] see it, is not that America can’t pay its debts next month, but that America has grown its debt to such a degree that we can’t pay them in the long run without serious restructuring of the federal government — and this administration refuses to consider it:

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Conservatives bridle at trillions in ‘phony’ cuts

9:13 am

Trillions in “phony” cuts?

The devil is in the details,” says a Republican strategist closely involved in the debt fight. “When you’re talking about $1 trillion [over ten years], you’re talking about $100 billion a year, but it doesn’t necessarily have to be evenly distributed among the years.” Does that mean it might be loaded mostly at the end of the decade, when it might not even happen? “That’s where you get into the details,” the strategist says.

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Enceladus rains water onto Saturn

8:45 am

The Herschel space telescope has discovered that the water expelled from the tiger stripes on Enceladus eventually rains down on Saturn.

Enceladus expels around 250 kg of water vapour every second, through a collection of jets from the south polar region known as the Tiger Stripes because of their distinctive surface markings. These crucial observations reveal that the water creates a doughnut-shaped torus of vapour surrounding the ringed planet. The total width of the torus is more than 10 times the radius of Saturn, yet it is only about one Saturn radius thick. Enceladus orbits the planet at a distance of about four Saturn radii, replenishing the torus with its jets of water.

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Thank the Gods for Climategate

1:03 pm

Thank the gods for climategate.

We are certainly in a far different world vis-a-vis global warming than 21 months ago. The [global warming] climatologists are, to a very large extent, being ignored. Yes, there is an IPCC coming up, and perhaps we should wait until that is over. But I will predict that no matter what hoohah comes out of it, it will not have 50% of the energy of the previous IPCCs, because governments just aren’t listening with baited breath anymore. If there is any place where the mojo counted, it was with governments. But it ain’t there any more.

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Over-optimism in Forecasts by Official Budget Agencies and Its Implications

10:50 am

Science discovers the obvious: Government agencies are routinely over-optimistic in their budget forecasts. From the abstract:

The paper studies forecasts of real growth rates and budget balances made by official government agencies among 33 countries. In general, the forecasts are found:

  • to have a positive average bias
  • to be more biased in booms
  • to be even more biased at the 3-year horizon than at shorter horizons.

This over-optimism in official forecasts can help explain excessive budget deficits, especially the failure to run surpluses during periods of high output: if a boom is forecasted to last indefinitely, retrenchment is treated as unnecessary. Many believe that better fiscal policy can be obtained by means of rules such as ceilings for the deficit or, better yet, the structural deficit. But we also find [that] countries subject to a budget rule, in the form of euroland’s Stability and Growth Path, make official forecasts of growth and budget deficits that are even more biased and more correlated with booms than do other countries. [emphasis mine]

In related news, it is now more than 800 days since the Democratically-controlled Senate has passed or even proposed a budget, as they are required to do by law.

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Junk journalism

12:50 pm

In a piece today at the Huffington Post, science journalist Seth Borenstein declares the wonders of NASA’s next mission: to send astronauts to an asteroid by 2025, as declared by President Obama.

If you believe this is going to happen, then I have a bridge I want to sell you. To do it we need a spaceship in which people can live for at least a year, and a rocket to get that ship into orbit. Not only do we not yet know how to build such a spaceship, we no longer have the capability of putting it into orbit. In case you’re unaware (Borenstein acts like he is), the space shuttle no longer exists. And under this administration and Congress, any replacement we get isn’t going to be able to launch such an interplanetary spaceship anywhere in the near future, especially faced as we are with the present federal debt.

The disgraceful thing about this article, however, is the lack of skepticism shown by Borenstein.
» Read more

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The emptiness of the Democratic debt ceiling “plans”

12:30 am

The emptiness of the Democratic debt ceiling “plans”.

On Wednesday evening, I noted the absurdity of Associated Press coverage characterizing the 5-page document with 3-1/2 whole pages of text issued by the “Gang of Six” as a “plan” — 12 times, plus in the item’s headline. Though I didn’t bring it up then, an obvious point to make about any of these items floating around Washington is that if the Congressional Budget Office can’t score it, it can’t be a plan. A month ago, CBO Director Doug Elmendorf told a congressional committee, in response to a question about President Obama’s April proposal, that “we can’t score speeches.”

And then there’s this:

Obama … claimed to have a $4 trillion deficit-reduction plan. The court eunuchs of the press corps were impressed, and went off to file pieces hailing the president as “the grown-up in the room.” There is, in fact, no plan. No plan at all. No plan whatsoever, either for a deficit reduction of $4 trillion or $4.73. As is the way in Washington, merely announcing that he had a plan absolved him of the need to have one. So the president’s staff got out the extra-wide teleprompter and wrote a really large number on it, and simply by reading out the really large number the president was deemed to have produced a serious blueprint for trillions of dollars in savings. For his next trick, he’ll walk out on to the stage of Carnegie Hall, announce that he’s going to play Haydn’s Cello Concerto No 2, and, even though there’s no cello in sight, and Obama immediately climbs back in his golf cart to head for the links, music critics will hail it as one of the most moving performances they’ve ever heard.

The only “plan” Barack Obama has put on paper is his February budget. Were there trillions and trillions of savings in that? Er, no. It increased spending and doubled the federal debt.

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