Category: Points of Information

Very brief descriptions, with appropriate links, of current or recent news items.

Lack of U.S. government interest in commercial refueling mission causes problems

9:10 pm

A lack of U.S. government interest in a privately designed satellite refueling technology has caused the company to pull back its plans.

MDA had signed a contract with the communications satellite company Intelsat to refuel some of its orbiting satellites, but needed additional customers to make a go of it. It had hoped the U.S. Defense Department would show interest, but they have not.

This is exactly where the government should be investing its capital, and that it is not tells us a lot about the real lack of sincerity behind the Obama administration’s claims that it wants to encourage private space. I also suspect that the turf war with satellite companies and defense contractors helped discourage Defense Department interest.

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Dow dives below 12,000

3:54 pm

The Dow today dived below 12,000, a nine-month low.

The report above tries to look past the just signed debt agreement, but I wonder if maybe it was the debt deal itself that worried investors, since the deal really did little to gain control of the federal government’s out-of-control spending.

Update: “The joint committee process is yet another promise by Congress that it will get spending under control — just not now, but rather some time in the future, always in the future.”

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Tea Partiers like “terrorists.”

6:09 pm

Leftwing civility: Joe Biden accused the tea party Republicans today of “acting like terrorists” in the negotiations over the debt limit.

And why? Because they simply refused to back down to those who want to spend us into oblivion.

Then there’s this quote from Mike Doyle (D-Pennsylvania): “We have negotiated with terrorists. This small group of terrorists have made it impossible to spend any money.”

Impossible to spend any money? What kind of fantasy world does this idiot live in? The federal budget has doubled in the past ten years. Meanwhile, this debt ceiling bill does nothing to reduce the size of government. On the contrary, the so-called reductions in the deficit merely slow the growth of government. Under the agreed plan, in each of the next ten years the federal government’s budget will still grow, and it will do so at a rate far exceeding inflation in an dying economy choked by regulation and government interference.

How is it even possible to deal with this problem if you have to deal with people like this, who are so divorced from reality and consider anyone who disagrees with them the worst sort of monster? Sadly, it is impossible. Until we see a wholesale change in government, with most of these idiots thrown from office, we will see no change in how our government is operated.

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