Tag: bankruptcy

Boehner suggests linking the debt-limit hike to a restoration of recent cuts to military benefits.

12:55 pm

The unseriousness of the Republican leadership: Boehner suggests linking the debt-limit hike to a restoration of recent cuts to military benefits.

First of all, only a few weeks ago the Republican leadership was telling us these cuts were essential, which is why they went along with them in the last deal. Second and more important, we have far more significant issues — Obamacare and the federal debt — for which any serious conservative in office should be far more interested in pursuing than the relatively small cuts to military benefits.

If the Boehner and the Republican leadership were really serious about rolling back Obamacare as well as winning elections, they would link every negotiation with that issue. We all know they would eventually have to back down, but the goal would be force the Democrats to vote for Obamacare, again and again, even as that terrible law is devastating families nationwide. Not only would it put them in a bad light, it would emphasize the differences between the two parties.

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NASA and one of its major IT contractors have both screwed up badly, according to a new Inspector General report.

7:32 pm

It ain’t just the Obamacare website: NASA and one of its major IT contractors have both screwed up badly, according to a new inspector general report.

According to [the inspector general], NASA and HP Enterprise Services have encountered significant problems implementing the $2.5 billion Agency Consolidated End-User Services (ACES) contract, which provides desktops, laptops, computer equipment and end-user services such as help desk and data backup. Those problems include “a failed effort to replace most NASA employees’ computers within the first six months and low customer satisfaction.”

But don’t worry. NASA’s management, the same management that is building the James Webb Space Telescope and the Space Launch System, is right on the case.

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A new survey of the nation’s top companies finds that large numbers plan to cut benefits, hours, and hiring to deal with the costs of Obamacare.

2:08 pm

Finding out what’s in it: A new survey of the nation’s top companies finds that large numbers plan to cut benefits, hours, and hiring to deal with the costs of Obamacare.

[The survey] of top companies found that 44 percent are considering reducing health benefits to current employees due to Obamacare, confirming the fears of millions of American workers. In its December survey of chief financial officers around the country, Duke also found that nearly half are “reluctant to hire full-time employers because of the Affordable Care Act.” And 40 percent are considering shifting to part-time workers and others will hire fewer workers or fire some to avoid the costs of the program. What’s more, they said in the study, “One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.”

Not surprisingly, the Democrats — who have defended Obamacare through thick and thin, even shutting down the government to facilitate its implementation — have called the loss of jobs a good thing.

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Will Piers Morgan apologize for spreading a racist hoax?

10:08 am

Will Piers Morgan apologize for spreading a racist hoax?

I doubt it, but even if he does apologize (as has happened a lot at NBC recently), he won’t really mean it. When you are a hate-filled bigot, working at a hate-filled television network, apologizes don’t mean you’ve mended your ways, only that you are looking for cover so you can spread more hate.

Note also that Deval Patrick, Democratic governor of Massachusetts, also joined Morgan in spreading this lie.

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Bolden and Mikulski hold a press conference to lobby for continuing funding for the James Webb Space Telescope.

9:13 am

Bolden and Mikulski hold a press conference to lobby for continuing funding for the James Webb Space Telescope (JWST).

Before JWST entered development, around the turn of the century, program officials projected it would cost $1 billion to $3.5 billion and launch between 2007 to 2011, according to a Government Accountability Office report released Jan. 8. Now, after lengthy delays [seven years] and billions in added costs [a real budget of $8.8 billion], JWST is entering its peak development years, in which major subsystems will be put together, tested, integrated with one another, and tested again. It will be, according to Bolden, one of the most difficult parts of JWST’s construction.

“This is our tough budget year,” Bolden said. It is also the most expensive, according to projections the White House released last April with its 2014 budget proposal. Bolden spoke to the press here after he and Mikulski, JWST’s biggest ally in Congress, held a town hall meeting at Goddard, the center in charge of building the massive infrared observatory. Both NASA employees and executives from some of JWST’s major industry contractors attended.

Mikulski told reporters that automatic budget cuts known as sequestration, which reduced NASA’s 2013 appropriation to about $16.9 billion, “resulted in furloughs, shutdowns, slowdowns [and] slamdown politics [which] are exactly what could derail or cause enormous cost overruns to the James Webb.”

I am especially entertained by the disasters Mikulski lists in the last paragraph, all of which she blames on sequestration. They are identical to the lies Democratic politicians like her told before sequestration took effect, none of which happened. That she now makes believe as if these disasters did happen and expects us to believe her new lies about the future illustrates how much in contempt she holds the general public. Does she really believe people are that stupid?

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The operators of campgrounds in the national forests are suing the Obama administration, saying it had no right to force them to close down during last October’s government shutdown.

1:38 pm

The operators of campgrounds in the national forests are suing the Obama administration, saying it had no right to force them to close down during last October’s government shutdown.

The suit, which was filed in October, claims that the campgrounds and recreation areas should have been allowed to remain open because they don’t rely upon the federal government for funding and that private staff could have safely managed the sites. The group says the Forest Service carried out what it described as politically driven orders from the Obama administration, costing businesses hundreds of thousands of dollars in lost revenue.

There’s also this revealing quote from the article:

Ms Reese said she cannot understand why her members had to close up shop for much of the shutdown but other private operators on forest land — including several resorts — got a reprieve. “The frustrating part is that the campgrounds were closed, just the camp grounds, and not resorts or marinas,” she said.

Gee, isn’t this an example of the Obama administration abusing its power to hurt innocent citizens because it can’t get what it wants? And isn’t it kinda similar to what was done by Chris Christie’s underlings in New Jersey that has the mainstream press going into a wild-eye snit? I wonder, for what reason could the press have so little interest in this similar example of government abuse-of-power?

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Why the sequester had to die.

9:43 am

Why the sequester had to die.

It worked.

It did not work perfectly, and it did not balance the budget or put us on course for a balanced budget. But it did play a critical role in nudging the deficit away from “catastrophic existential threat” territory and toward “terrifying money-suck.” It did this in part by forcing Republicans to accept cuts in military spending, which they are not normally much inclined to do. (It goes without saying that the Democrats are categorically hostile to spending reductions.) Because we cannot rely for very long upon the better angels of congressional nature, these statutory limits are always destined to be short-lived, which should be of some concern to us: Experience shows that when Congress agrees to a budget-control deal, the first thing it does is begin looking for opportunities to undermine that deal.

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The House is about to vote on a trillion dollar spending bill that no one has really read.

7:41 pm

This sums it up: The House is about to vote on a trillion dollar spending bill that no one has really read.

It might include some specific cuts, but in general this budget plan is a surrender to more spending.

The only real solution to this madness, however, really rests with the voters. The spenders in both parties have to be fired, and the only way to do that is to fire them. Sadly, I see no sign of that happening in the hardcore Democratic states such as New York, California, and Illinois, to name just a few. There, the voters are so partisan that they’d rather die than vote for a Republican. And die they will.

Among Republican voters at least there is pressure from the right to spend less. To make it effective, however, the voters still have to do some firing, as far too many Republicans elected officials are willing to go along to get along.

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The agony of the world’s most influential focus group pollster.

3:26 pm

The agony of the world’s most influential focus group pollster.

Key paragraphs:

The crisis began, he says, after last year’s presidential election, when Luntz became profoundly depressed. For more than a month, he tried to stay occupied, but nothing could keep his attention. Finally, six weeks after the election, during a meeting of his consulting company in Las Vegas, he fell apart. Leaving his employees behind, he flew back to his mansion in Los Angeles, where he stayed for three weeks, barely going outside or talking to anyone.

“I just gave up,” Luntz says.

His side had lost. Mitt Romney had, in his view, squandered a good chance at victory with a strategically idiotic campaign. (“I didn’t work on the campaign. It just sucked, as a professional. And it killed me because I realized on Election Day that there’s nothing I can do about it.”) But Luntz’s side had lost elections before. His dejection was deeper: It was, he says, about why the election was lost. “I spend more time with voters than anybody else,” Luntz says. “I do more focus groups than anybody else. I do more dial sessions than anybody else. I don’t know s–t about anything, with the exception of what the American people think.”

It was what Luntz heard from the American people that scared him. They were contentious and argumentative. They didn’t listen to each other as they once had. They weren’t interested in hearing other points of view. They were divided one against the other, black vs. white, men vs. women, young vs. old, rich vs. poor. “They want to impose their opinions rather than express them,” is the way he describes what he saw. “And they’re picking up their leads from here in Washington.” Haven’t political disagreements always been contentious, I ask? “Not like this,” he says. “Not like this.” [emphasis mine]

My agony too. One of the most frustrating aspects I experienced while living in liberal havens like New York and Maryland was the inability to find anyone who disagreed with me politically who was also willing to listen to what I had to say. I ain’t a fool. I’m very well educated. I’m also a nice guy who strongly believes in the right of anyone to freely follow their dreams, no matter their race, religion, ethnicity, or political beliefs. But as soon as I would express a conservative opinion I was insulted and shut out, ostracized and blackballed.

The future is not good if this does not change. And there is strong evidence that it is not going to.

And then there’s this: Liberals’ bigoted and ignorant view of conservatives.

Have you ever been pigeon-holed at a party by a liberal? I recommend avoiding it at all costs, but if it happens, go with it. You’ll get an education in what our opponents actually think as he rails, whines and complains about the terrible, inhuman monster that lurks on the fringes of American society.

This scourge is called a “conservative,” and I hope I never meet one in a dark alley. They apparently carry automatic weapons as they stalk the streets, hating science and hunting the poor for sport.

You’ll quickly note how your liberal monologist – they literally never shut up – is a scholar of all things conservative. Of course, he has never actually met one, living as he does in an urban sewer like San Francisco or in a subsidized academic enclave of Marxist fantasy like Berkeley. But who needs experience when you can get convenient bite-sized morsels of pre-processed ideology from MSNBC.

Read it all.

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Nearly two thirds of the fraud and waste lost by the federal government in 2013 was paid by HHS, the agency running Obamacare.

3:57 pm

Nearly two thirds of the fraud and waste lost by the federal government in 2013 was spent by HHS, the agency running Obamacare.

The total amount lost by either fraud, waste, or error equaled $106 billion, slightly down from 2012’s $108 billion figure. Of that, about $65 billion occurred in Health and Human Services.

But hey, what’s a few billion dollars here and there. It’s not like the federal government has a debt problem, does it?

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The 30 counties with the highest medium income just happen to be where most people work for the federal government.

3:47 pm

I am shocked, shocked! The 30 counties with the highest medium income just happen to be where most people work for the federal government.

The only county among the Top 5 for median household income not located near Washington, D.C., was No. 3 Los Alamos County, N.M.—which is the smallest county in that state, and which is also home to the U.S. Energy Department’s Los Alamos National Laboratory. The median household income in Los Alamos County in 2012, according to the Census Bureau, was $112,115.

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Obamacare includes absurd regulations that will cost the vending machine industry millions.

8:52 am

Finding out what’s in it: Obamacare includes absurd regulations that will cost the vending machine industry millions.

Around 457 pages into Obamcare, section 4205 stipulates “the vending machine operator shall provide a sign in close proximity to each article of food or the selection button that includes a clear and conspicuous statement disclosing the number of calories contained in the article.” This new mandate will cost the vending machine industry an estimated $25.8 million initially and an additional $24 million for every subsequent year.

Expect some companies to go out a business because of this craziness.

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The first theorem of government: Government is a racket that benefits the political elite by taking money from everyone else.

9:40 am

The first theorem of government: Government is a racket that benefits the political elite by taking money from everyone else.

He has the data. Look especially at his first graph. And he correctly notes that this has been a bi-partisan effort.

The solution? Vote these bums out of office, repeatedly and often, so that no one has a motive to concentrate power and money in Washington.

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Thirteen insane projects funded by our federal government.

9:49 am

Thirteen insane projects funded by our federal government.

I especially like #5: “NASA spends $3 million looking for signs of intelligent life…in Congress.”

These idiotic programs, which certainly only scratch the surface of the wasteful and corrupt spending in Washington, prove once again that the most recent budget deal is a fraud, that there is no reason to support any increase in federal spending, that we probably could cut the budget in half and not notice anything.

Sadly, that budget deal appears about to pass the Senate.

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Paul Ryan says House Republicans are going to demand something in exchange for raising the debt ceiling again in February.

9:07 am

We shall see: Paul Ryan says House Republicans are going to demand something in exchange for raising the debt ceiling again in February.

Though I’m glad he’s saying this, forgive me if I am skeptical. The Republican leadership in the House has proven itself weak and willing to back down all too often. For example, they have allowed the lie that they alone caused the government shutdown to become accepted as truth, merely by acting as if it were true. The result: they were unwilling to demand any concessions in the just completed budget negotiations, even though they had a strong hand and could have easily obtained concessions, especially on Obamacare.

Then there’s this: Ten quotes that explain why conservatives do not trust the Republican Party.

His conclusion is most pertinent:

Incidentally, the solution to all of this is not to leave the Republican Party. To the contrary, it’s to treat the Republican Party like a puppy that’s having difficulty with house training. When Republicans do the right thing, praise them, support them and do what you can to help them out. When they do the wrong thing, rub their noses in it. Attack Republicans who betray their principles relentlessly, primary them at every opportunity and take over the Republican Party so we can shove the politicians who won’t listen to us to the side. While we will never be able to build an entire party full of men like Ted Cruz, Mike Lee and Rand Paul, we can make it miserable enough for bad actors that the go-along-to-get-along Republicans will conclude it’s better to work with us than face primaries and incessant attacks from their own side in the new media. Most people don’t realize it, but we have already started moving the Republican Party to the Right and the time will come when Republicans are just as afraid of their base as Democrats are of Planned Parenthood and the unions. It’s not going to happen overnight, but if we keep going after Republicans who sell us out, even the ones that are as hostile as John McCain, Peter King and Lindsey Graham will eventually have to get on board if they want to keep their jobs.

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It appears that Senate Republicans will filibuster the Ryan budget deal.

8:56 am

Maybe not so stupid: It appears that Senate Republicans will filibuster the Ryan budget deal.

If the Republicans in the Senate can force some changes, to both the reduction in the sequester cuts over the next two years as well as the procedural change that ends the minority’s ability to block tax increases, then they will have accomplished something.

What I like about this is that they appear to be willing to fight, something Republicans all too often fail to do.

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A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

11:00 pm

A survey of 400 chief financial officers finds that nearly half plan to cut back on employment because of Obamacare.

And there’s also this:

Besides altering the makeup of their workforces, companies said they also plan to change the health benefit packages offered to employees. “Two-thirds of companies will change health benefits in response to ACA,” reads the Fuqua/CFO Magazine report summary. Forty-four percent of CFOs said they are considering reducing health benefits for employees. Thirty-eight percent said that employees and retirees may be forced to contribute more to their health plans.

“The inadequacies of the ACA website have grabbed a lot of attention, even though many of those issues have been or can be fixed,” said John Graham, Duke Fuqua School of Business finance professor and director of the survey, in a press release. “Our survey points to a more detrimental and potentially long-lasting problem. An unintended consequence of the Affordable Care Act will be a reduction in full-time employment growth in the United States,” the study says. [emphasis mine]

So, tell me again why the Republicans in Congress should not challenge the Democrats over Obamacare?

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Yup, this sums it up nicely.

9:07 am

Yup, this sums it up nicely.

House Budget Committee chairman Paul Ryan has now accomplished the astonishing task of pushing House Republicans substantially to the left of the Senate GOP. His budget deal, announced Tuesday night, was achieved by shutting conservative Senate Republicans out of negotiations, by resorting to the old trick of spending now while claiming savings later, by ignoring a symbolically important budgetary red line, and by treating as Democratic “concessions” things to which even Democratic budgeteers already had agreed.

The chess equivalent of Ryan’s deal would be trading a castle for a mere pawn. No wonder conservatives are feeling rooked.

The absurdity of this deal is highlighted especially by the ongoing disaster of Obamacare. The Republicans have a very strong negotiating hand right now. They could have actually demanded a repeal of Obamacare in budget talks and thus pushed the Democrats into a corner for which there really is no escape. What would the Democrats do, shut the government down again so that more people could lose their health insurance?

Instead, Ryan behaved as if the Democrats have a Royal Flush and he only had a pair of twos. The stupid party strikes again!

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The Ryan budget deal includes a provision that limits the ability of the Senate minority to block tax increases.

10:49 pm

The stupid party: The Ryan budget deal includes a provision that limits the ability of the Senate minority to block tax increases.

The bill includes language from the Senate Democrats’ budget that voids senators’ ability to raise a budget “point of order” against replacing the sequester cuts with tax increases. The process is quite complicated, but in practice it grants Harry Reid the authority to send tax increases to the House with a bare majority, rather than the 60-vote threshold that would be required under a point of order.

In other words, another example of a Republican getting hosed in negotiations.

Though I have read several conservative reports about this deal that outline some of its positive benefits, on the whole it appears to be another defeat for the right.

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This detailed look at the budget deal suggests it isn’t as much of a surrender as first implied.

12:23 pm

This detailed look at the budget deal suggests it isn’t as much of a surrender as first implied.

I have to admit this analysis leaves me more hopeful, especially with this point:

That the Democrats would accept a deal like this is a pretty striking indication of how the Republican House has changed the conversation on the spending front since 2010. Think of it this way: In their first budget after re-taking the majority—the FY 2012 Ryan budget, passed in 2011—the House Republicans wanted discretionary spending to be $1.039 trillion in 2014 and $1.047 trillion in 2015. These budgets were of course described by the Democrats and the political press (but I repeat myself) as some reversion to humanity’s barbaric past. Yet this proposed deal with the Democrats would put discretionary spending at $1.012 trillion in 2014 and $1.014 trillion in 2015—in both cases below that first House Republican budget.

Check out the graph at the link. It does illustrate bluntly that the Republicans are beginning to force the budget curve downward, if slowly. It also suggests that should they win big majorities in both Houses of Congress next November they will be posed to finally push for some real reductions in the size of the federal government, as they will have the votes in Congress and will be doing it with the strong endorsement of the voters.

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The Republican leadership expresses contempt for any opposition to its budget deal that abandons the cuts imposed by sequestration

11:11 am

The Republican leadership expresses contempt for any opposition to its budget deal that abandons the cuts imposed by sequestration.

The Republican leadership are fools. If anything, this is the moment to push harder, to not only demand that the sequestration cuts stay in place, but to demand a repeal of Obamacare.

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Why Republicans should reject the surrender budget deal rumors say Paul Ryan is negotiating with Democrats.

9:54 am

Why Republicans should reject the surrender budget deal rumors say Paul Ryan is negotiating with Democrats.

Expect more articles like this. There are a lot of conservatives in the Republican House caucus who are no longer willing to lick the feet of Democrats, even if the Republican leadership is. And any deal that gives up sequestration is going to face their wrath.

Also, these kinds of articles serve to pressure Ryan so that he does not agree to a surrender.

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Another news report suggests that Republicans are preparing to surrender in budget talks.

10:02 am

Another news report suggests that Republicans are preparing to surrender in budget talks.

Senior aides familiar with the talks say the emerging agreement aims to partially repeal the sequester and raise agency spending to roughly $1.015 trillion in fiscal 2014 and 2015. That would bring agency budgets up to the target already in place for fiscal 2016. To cover the cost, Ryan and Murray are haggling over roughly $65 billion in alternative policies, including cuts to federal worker pensions and higher security fees for the nation’s airline passengers.

Republican leaders are also seeking additional savings to knock a small dent in deficits projected to exceed $6 trillion over the next decade. But the deal would do nothing to trim the debt, which is now larger, as a percentage of the economy, than at any point in U.S. history except during World War II. [emphasis mine]

To me, the biggest disappointment of this surrender is that Paul Ryan is negotiating it, proof that he too is no fiscal conservative and worse is far more stupid than I had thought.

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Rumors suggest that Republicans are moving to accept a budget deal that would end sequestration.

8:30 pm

The stupid party strikes again! Rumors suggest that Republicans are moving to accept a budget deal that would end sequestration.

At issue are efforts to craft a compromise that would ease across-the-board spending cuts due to take effect in January, known as the sequester, and replace them with a mix of increased fees and cuts in mandatory spending programs.

As de Rugy notes:

The sequester, no matter how imperfect a policy, is arguably the only victory for fiscal conservatives in a very long time. Their victory is also president Obama’s biggest defeat (outside of the self-inflicted disastrous Obamacare rollout). It is also another opportunity to remind the American people that the alarmist predictions that we were all subjected to about the devastating impact sequestration would have on our economy didn’t materialize.

She adds:

So let’s sum this up: a massive and unnecessary surrender on the sequester, some tax hikes, and more unemployment benefits. It seems to me that the Republicans are learning their moves from the French army.

Not only do most Democrats have to be replaced, so do a significant number of Republicans. Too many of these politicians have no interest in serving the citizenry being crushed by this out-of-control federal government. Instead they serve that government instead.

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The planetary science community is in an uproar over the Obama administration’s proposed restructuring and possible budget cuts to NASA’s planetary research program.

11:41 pm

The planetary science community is in an uproar over the Obama administration’s proposed restructuring and possible budget cuts to NASA’s planetary research program.

Though the Obama administration has been consistently hostile to the planetary program, attempting to cut it severely several years in a row, and though I generally have found these particular cuts to be short-sighted, in this case the article is not very clear about the cuts NASA is proposing. It appears they are going to eliminate for one year the general research fund. I suspect there is waste in this budget, but I also suspect that this is a meat cleaver approach that has not been thought out well, as suggested in the article.

One quote from the article reinforces the foolishness of these management decisions:

Next year, a high-level NASA review is likely to have to decide between shutting down either the Mars Curiosity rover or the Cassini mission to Saturn. Both are successful missions that cost around $60 million a year, a level that Green has said the division simply cannot afford for the long term.

Talk about penny wise, pound foolish. The cost to get these probes to their destination was in the billion dollar range, each. To shut them down when they are working and cost relatively so little now is beyond stupid.

As I have written repeatedly, we have a big federal deficit. We need to cut, and I think NASA’s budget can be cut. It just makes no sense to cut planetary research, when there are other portions of that budget that are accomplishing little and cost far more.

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The federal budget deficit for October was “only” $91 billion.

8:59 am

The day of reckoning looms: The federal budget deficit for October was “only” $91 billion.

The AP article makes a big deal about how much lower this deficit is compared to past Octobers, but at this level, we would still have an annual deficit over $1 trillion. Even it ends up as half that, the numbers are still terrible.

The budget deal that ended the government shutdown ends on January 15. Be prepared for another shutdown. I expect some Republicans are going to once again tie that shutdown to repealing Obamacare.

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The Pentagon has for years routinely been doctoring its budget numbers, and has no idea where billions of its money is going.

12:45 pm

Good enough for government work: The Pentagon has for years routinely been doctoring its budget numbers, and has no idea where billions of its money is going.

In its investigation, Reuters has found that the Pentagon is largely incapable of keeping track of its vast stores of weapons, ammunition and other supplies; thus it continues to spend money on new supplies it doesn’t need and on storing others long out of date. It has amassed a backlog of more than half a trillion dollars in unaudited contracts with outside vendors; how much of that money paid for actual goods and services delivered isn’t known. And it repeatedly falls prey to fraud and theft that can go undiscovered for years, often eventually detected by external law enforcement agencies.

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