Tag: bankruptcy

Did the Pentagon give ULA $27.4 million for work already done?

5:32 pm

Corruption: It appears that a Department of Defense $27.4 million contract awarded to ULA on May 16 to develop new avionics for its rockets was for work already completed by the company.

The government award to ULA reinforces the notion that, traditionally in aerospace, the government pays for rocket upgrades. But it is also curious because of its timing—for work to be completed two years from now. Based upon information in an article written by two ULA engineers and published in Advances in the Astronautical Sciences Guidance, Navigation and Control, the avionics system has already been upgraded. Moreover, the February 5, 2016 launch of a GPS satellite for the Air Force marked the first launch of the common avionics system.

“The launch of GPS IIF-12 in February 2016 represents the culmination of several years of development work to update avionics hardware and flight software as well as simulation and test environment tools,” the research article states. “Common avionics addresses the challenge of parts obsolescence any program with the longevity of (this one) must face. ULA has taken advantage of this opportunity to design and produce a more affordable solution for vehicle control that will also expand the capability of our launcher fleet.”

A call into the Air Force for an explanation resulted in no response at all.

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Connecticut: sinking in debt with a fleeing population

4:40 pm

Running out of other people’s money: Connecticut, run for years by Democrats, is sinking in debt with a population that is shrinking as people flee.

The administration of Gov. Dannel Malloy, a Democrat who has been in office since 2011, projects a budget deficit of more than $5 billion over the next two years, thanks to generous pension benefits and the burden of servicing its big debt, plus falling tax revenue due to the exodus of large employers and residents reaching retirement age.

Its budget woes, as well as concerns that they will be repeated year after year, helped lead General Electric in 2015 to consider moving its headquarters out of the state. Last year, it did exactly that.

The state’s population is falling: Its net domestic out-migration was nearly 30,000 from 2015 to 2016. In 2016, it lost slightly more than 8,000 people, leaving its population at 3.6 million. Indeed, recent national moving company surveys underscore the trend, showing more people leaving Connecticut than moving in. In 2016, the state also saw a population decline for the third consecutive year, according to Census Bureau estimates.

One of the companies, United Van Lines, reported that of all their Connecticut customers, 60 percent were leaving compared to 40 percent who were moving there. Only three other states had higher rates of people moving out – New York, New Jersey and Illinois. One out of five of those leaving said they were retiring. [emphasis mine]

Isn’t it interesting that the four states with the most people leaving are four states that have been largely run by Democrats for decades. And in those cases where Republicans have been in charge, they have taken the moderate go-along-to-get-along approach, essentially rubber-stamping the high spending and high tax agenda of the Democrats that dominate the political region.

Unfortunately, it is this agenda that dominates Washington and the federal government, and the Republican leadership there seems quite willing to do the same as the moderate Republicans in this states. Worse, we don’t have another country we can escape to.

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California single-payer $400 billion healthcare plan approved by state committee with no funding

3:01 pm

Running out of other people’s money: A California legislative committee yesterday approved a single-payer state healthcare plan that is estimated to cost $400 billion, twice the state’s entire annual budget, without indicating how they intend to pay for it.

Details, details! Who cares about how one pays for an entitlement program? The point is to pass it, and let your great-granchildren figure it out. In this case, however, the problem is so large that it’s impossible to do without the funding in place first, because of the need to pay providers for goods and services. California hardly has an extra $200 billion laying around, and even if it did, it would need to shore up its collapsing pension system first. The state is also on the hook for a $100 billion high-speed rail system whose funding is still unclear. Democrats don’t have much idea about how to pay for their current priorities, let alone their seizure of the health-care sector. [emphasis in original]

The leftists in California want to secede from the U.S. Maybe we should let them, since that state is about to go bankrupt and I am sure most Americans in the remain 49 states don’t wish to stuck with the bill.

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Sixty-six programs slated for elimination in Trump budget

10:38 am

The Trump budget followed through in one area very clearly: It proposes to completely eliminate sixty-six government programs.

The programs eliminated would only save $26.7 billion, which in terms of the deficit is chicken-feed. Still it would be a step in the right direction.

The pigs are squealing however, including one recent failed presidential candidate:
Clinton: Trump Budget Shows ‘Unimaginable Level of Cruelty’

Based on past experience, expect the Republican leadership in Congress to gut most of these cuts. The budget will grow. The deficit will grow. The federal debt will grow. The power of the people in Washington will grow. And we will be one step closer to bankruptcy and collapse.

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Trump budget released only to be immediately trashed

11:22 pm

Today the Trump administration released its proposed 2018 budget for the federal government. Here is a good article on what that budget proposed for NASA.

The Trump administration’s fiscal 2018 budget request includes $19.1 billion for NASA, a $561 million decrease over previously enacted levels that would reduce the number of Earth science missions, eliminate the agency’s education office and do away with the Obama administration’s plans to robotically retrieve a piece of an asteroid as a precursor to eventual flights to Mars.

The budget closely reflects the administration’s blueprint, released in March, and overall, NASA’s acting administrator said America’s space program remains healthy and suffered relatively modest cuts compared to other federal agencies.

Though the NASA budget did include the cancellation of a handful of Earth Science projects as well as a cut in the Earth science budget, those cuts were nowhere near what had been hinted at previously.

The Trump administration has made no secret of its skepticism about global warming and its presumed causes and impacts and as expected, the budget eliminates funding for five Earth science missions and instruments. Earth science would receive $1.8 billion overall, reflecting a reduction of nearly $170 million. “The hard choices are still there, and we can’t do everything,” Lightfoot said. But the budget “still includes significant Earth science efforts, including 18 Earth observing missions in space as well as airborne missions.”

That’s a reduction of less than 10% in the total Earth science budget, hardly a catastrophe. The overall budget proposal was a little more daring, calling for a 30% cut at the EPA, and a 16% cut at Commerce, mostly in NOAA.

What does this all mean? Nothing. A president’s budget proposal is generally only a statement of desires. It has no force of law. Congress decides how to spend money, and the Republicans controlling this Congress are not really interested in cutting anything. In fact, the pigs have already begun to squeal, including a complete rejection of the budget by many Republican leaders in Congress.

‘President Trump’s $603 billion defense budget request is inadequate to the challenges we face, illegal under current law, and part of an overall budget proposal that is dead on arrival in Congress,’ said Arizona Sen. John McCain.

The administration didn’t seem to signal its own vote of confidence by releasing the document during President Trump’s first overseas trip.

Longtime GOP Rep. Hal Rogers of Kentucky, a longtime appropriator, declared proposed cuts to safety net and environmental proposals ‘draconian.’

‘I don’t think the president’s budget is going anywhere,’ said Republican Sen. Bill Cassidy of Louisiana, asked if he’s concerned about the message sent by slashing the Medicaid program for the poor and disabled.

That’s only a sampling. Essentially, these Republicans have no interest in gaining control of the out-of-control federal budget. They like having that budget out-of-control, as it feeds money to their friends and partners whom then line their pockets with campaign contributions.

I should note that I fully expect Trump to bow to their demands, and back off. When it has come to budget matters, he has so far shown no stomach for the fight.

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Democrats have worst fundraising April since 2009

6:11 pm

The Democrats this year took in the lowest amount of donations for the month of April since 2009.

The Democratic National Committee reported its worst April of fundraising since 2009, according to Federal Election Commission records released Monday. The DNC reported taking in $4.7 million last month. While this is an off-year for fundraising, the DNC hauled $8.5 million last year, and nearly $5 million in 2015. Between 2010 and 2014, the Democrats received anywhere from $6.3 million to $14.4 million per year.

However, the drop in donations coincides with an effort by DNC Chair Tom Perez and Sen. Bernie Sanders, I-Vt., to rally support for the party. The two traveled the country on a “unity tour.”

Could it have something to do with the violent behavior of their supporters? Or maybe the outright childish and obscene behavior of California elected officials?

The anti-Trump fervor at California’s Democratic Party convention this weekend can be summarized in choice words from outgoing chair of the California Democratic Party, John Burton: “#*%! Donald Trump.”

The always foul-mouthed Burton, 84, stood before thousands of Democratic delegates at Saturday’s general assembly and as a rallying cry asked the crowd to join in. He then shoved two fists in the air, flipping the bird. Across the room at the Sacramento Convention Center, others onstage and in the audience followed suit.

Onstage were House Minority Leader Nancy Pelosi, D-San Francisco, Rep, Barbara Lee, D-Oakland, state Sen. Toni Atkins, D-San Diego, and others.

Such behavior by elected officials is not just childish, it is barbaric, uncivilized, and uneducated, and should disqualify everyone who condones it from getting anyone’s votes, forever. Sadly, the Democrats now have a sizable population of voters who are as barbaric, uncivilized, and uneducated, and will vote for Democrats because they are barbaric, uncivilized, and uneducated, and will use that barbarism to further their uncivilized aims. Remember, even though the Democrats had a bad fund-raising month in April, they still garnered $4.7 million in donations. That indicates the existence of a lot of supporters of this behavior.

I am once again reminded of this:
» Read more

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Academic journal publishes another hoax paper

1:39 pm

The coming dark age: The academic journal Cogent Social Science has published a hoax paper that claims the penis is a social construct that is causing global warming.

The authors begin, “Anatomical penises may exist,” but the “conceptual penis is better understood not as an anatomical organ but as a social construct.” It goes downhill from there. “There are many women who have penises,” they boldly claim. Then, they gratuitously listed some crude synonyms for the penis, such as: “beaver basher,” “custard launcher,” “pork sword,” and “mayo shooting hotdog gun.” They explained that “manspreading” — when a man sits with his legs open — is “akin to raping the empty space around him.”

At this point, it is worth stopping to ponder that this didn’t raise any red flags with the editors of the journal. Not only did they think this was perfectly intellectual, publishable material, they praised the authors for their work.

Yet, the absurdity didn’t end there. The authors tied everything in to climate change.

Even more astonishing was this statement by the authors:

In their tell-all article in Skeptic, the authors admit they jammed the paper full of jargon and made it purposefully incoherent. They said, “After completing the paper, we read it carefully to ensure it didn’t say anything meaningful, and as neither one of us could determine what it is actually about, we deemed it a success.” Finally, they made this particularly damning observation: “We assumed that if we were merely clear in our moral implications that maleness is intrinsically bad and that the penis is somehow at the root of it, we could get the paper published in a respectable journal.”

Make sure you read the tell all article, which step by step reveals the utter bankruptcy of the entire social science field that would allow this fraud to get published, getting passed by two reviewers and a partner journal that recommended the paper to Cogent Social Science.

As I said earlier this week, the time has come to cut off all funding to any university that supports anyone who teaches this crap. Donations from alumni should cease. Parents should refuse to send their children there. And the students there now should rise up in outright revolt, demanding their money back.

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Republican Trumpcare bill might require another vote

4:06 pm

Failure theater: The House Republican leadership has not yet officially sent their Obamacare revision bill to the Senate because they have discovered they may have to vote on it again.

According to several aides and other procedural experts, if Republicans send the bill to the Senate now and the CBO later concludes it doesn’t save at least $2 billion, it would doom the bill and Republicans would have to start their repeal effort all over with a new budget resolution. Congressional rules would likely prevent Republicans from fixing the bill after it’s in the Senate, the aides said…

If Republican leaders hold onto the bill until the CBO report is released, then Ryan and his team could still redo it if necessary. That would require at least one more House vote of some sort…

The Republican leadership is a joke. If required to toss a rock into the ocean while standing at the end of a 500 foot long pier they’d still miss, and hit themselves in the face in the process.

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In 2016 federal government improperly paid out $144 billion

9:21 am

Our government in action! In testimony before the Senate Budget Committee yesterday, the controller general revealed that the federal government improperly paid out $144 billion in 2016.

The problem is growing, he said, from $125 billion in 2014; to $137 billion in 2015; to the most recent estimate of $144 billion in 2016. “This includes estimates for 112 programs at 22 federal agencies, so it is a pervasive problem,” he added.

Since 2003 – when Congress required many executive departments and agencies to estimate the amount of improper payments annually – the cumulative total is estimated to be “in excess of $1.2 trillion,” Dodaro said. “So it’s a significant amount of money.” Dodaro said three big federal programs – Medicare, Medicaid and the Earned Income Tax Credit — account for most (75 percent) of the improper payments. “But there are a number of programs across government where this problem is an issue,” he said.

And the problem is worse than the numbers indicate, because 18 “risk-susceptible” programs – including Temporary Assistance for Needy Families — do not report estimates at all. SNAP (food stamps) stopped reporting in 2015. And the $144 billion in 2016 does not include estimates from the Defense Department, which could be a sizeable number, Dodaro said.

Obviously, the solution is to hire more auditors and increase the budgets at these agencies so they can better track the improper payments. Simply cutting these budgets, well now, that’s a terrible idea.

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Trump signs $1 trillion spending bill

11:26 am

Trump today signed the $1 trillion continuing resolution, keeping the government well funded, with no significant cuts, through September.

The article included a detail I had not noticed previously. When the bill passed in the House, the only ones who voted against it were 103 Republicans, while the entire Democratic caucus voted for it. In other words, the Republican leadership screwed their own party and allied themselves with the Democrats to pass this big spending bill that cuts nothing and breaks almost every promise the Republicans and Trump made about spending during the election campaign.

The article also has this very revealing quote from Office of Management and Budget Director Mick Mulvaney:

“I think it’s great that the Democrats like the bill. That’s fantastic.”

As I have said repeatedly, the election in November was nothing more than the Democratic primary, with a choice between a radical socialist (Clinton) and an old fashioned liberal Democrat (Trump). We get the government we deserve.

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Senate to ignore House Obamacare replacement, write its own bill

10:40 pm

Failure theater: Senate Republicans today said in interviews that they plan to ignore the House Obamacare replacement bill, passed earlier today, and write their own bill from scratch.

A Senate proposal is now being developed by a 12-member working group. It will attempt to incorporate elements of the House bill, senators said, but will not take up the House bill as a starting point and change it through the amendment process. “The safest thing to say is there will be a Senate bill, but it will look at what the House has done and see how much of that we can incorporate in a product that works for us in reconciliation,” said Sen. Roy Blunt, R-Mo.

“We are going to draft a Senate bill,” added Sen. Chuck Grassley, R-Iowa. “That is what I’ve been told.”

I have no faith in what we will get in the end, mainly because it is apparent these guys are not starting from the premise of eliminated the law and its unworkable regulations. Instead, they are proposing, as the House did, to install their own unworkable regulations.

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Senate passes $1 trillion continuing resolution 79-18

12:48 pm

With friends like this, who needs enemies? The Republican Senate today passed the $1 trillion continuing resolution that contains none of the promised cuts to the federal budget promised by the Republican Party and by Donald Trump.

The vote was 79-18. The resolution now heads to the White House, where Trump is expected to sign it eagerly.

A look at the names in the Senate who voted against this bill essentially lists the few remaining real conservatives left. Such people are now a minority, surrounded by corrupt deal makers who have no interest in the needs of the nation.

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