Category: Behind The Black

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.

Leave a comment

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.

Leave a comment

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.

Leave a comment

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.

One comment

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

5 comments

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.

Leave a comment

An Obamacare provision appears to force middle-class families to either buy unaffordable healthcare or pay a penalty

10:37 pm

Repeal it! An Obamacare provision appears to force middle-class families to either buy unaffordable healthcare or pay the penalty for going without.

I wrote “appears to force” above because the issue at hand is so complex I don’t think anyone either in or out of the Obama administration truly understands it, another indication that the healthcare law is a disaster that needs to be ceremoniously dumped, and as quickly as possible.

Leave a comment

Public test of privately built moon lander delayed by gyro

9:45 pm

A public test of privately built moon lander has been delayed by gyro problem. Key quote:

One customer has already bought a ticket with Moon Express, asking them to deposit a small telescope on the dark side of the Moon. Jain says the company will also offer low cost ways for anyone to use the moon as a kind of time capsule. “If something goes to the moon it stays there forever, people will pay to sends things like photos, or maybe your hair or DNA.”

Leave a comment

NASA changes its contract arranged for commercial space

7:43 pm

Turf war: At conference yesterday at the Johnson Space Center, NASA proposed changing how it issues its commercial space contracts so as to give it more control over their design and construction. The commercial companies are not happy.

Brett Alexander, a space industry consultant who counts among his clients the secretive aerospace startup Blue Origin of Kent, Wash., said at the July 20 briefing that industry needs to know NASA’s legal reasoning for dismissing SAAs as an option for the next CCDev round. “From an industry standpoint … we’re kind of flying blind because [NASA] has not divulged what its legal reasoning is, and I think they need to do that in writing. Not a couple charts, not things that you brief, but a legal brief that says ‘here’s why’” a traditional procurement is necessary.

My own sources say this change in contractual approach will significantly slow development of the new commercial manned space rockets and ships, possibly beyond 2017.

The only reason I can see for NASA to do this is to maintain control over manned space, even if they are not building anything. I think NASA is instead going to find out that doing anything to slow this development will be politically very dangerous for them.

5 comments

Boehner ends negotiations with Obama

6:19 pm

Not good: House Speaker John Boehner (R-Ohio) has broken off negotiations with President Obama over the debt ceiling.

“A deal was never reached and was never really close,” Boehner wrote. “I have decided to end discussions with the White House and begin conversations with the leaders of the Senate in an effort to find a path forward.” Boehner blamed Obama’s demand for higher taxes and opposition to “fundamental changes” to entitlement programs such as Medicare, Medicaid and Social Security.

The important thing to note here is that so far only the Republicans have put forth any specific plan. It might not have been perfect but at least it was something. And the Democrats have rejected it, without offering any detailed counteroffer.

Leave a comment
1 … 943 944 945 946 947 … 1,055