Using skateboards to test prototype lunar lander
Using skateboards to test a prototype lunar lander.
Tag: budget
NASA’s Overbudget Mars Rover in Need of Another Cash Infusion
Here we go again: NASA’s already overbudget Mars Science Laboratory rover is in need of even more cash.
Congressional Budget office says Social Security Now Officially Broke
And you still think NASA (or any other federal program) is going to get a lot of money? The Congressional Budget office (CBO) admitted today that Social Security is now officially broke. Key quote:
The CBO’s revenue/expenditure estimates now place the program in permanent deficit. There had been some hope that payroll taxes would recover sufficiently post-recession to put the program back into the black (the theoretical black) for at least a few more years, putting off the day of reckoning for an election cycle or more. No more: The new CBO estimates put Social Security in the red for as far as the eye can see. [emphasis mine]
Ship of fools
Iowahawk: Ship of Fools. Key quote:
As you may have read recently, a panel of 100 scientists is now warning that the state of California faces the risk of severe “superstorms” that could inflict more that $400 billion in economic damages to our state economy. According to these predictions, such storms could bring more than 120 inches of rain to the Central Valley, and last as long as 40 days. And, possibly, nights.
In anticipation of such a catastrophic event, I will soon begin seeking $75 billion in emergency supplementary appropriations from the California Assembly and federal sources for the construction of the California SuperArk, a state-of-the-art mass transportation vehicle which will help insure the sustainability of our state and its endangered species.
Read the whole thing.
Republicans say there will be no bailout for the states
More progress: Republicans in Congress say there will be no bailout for the states.
GOP set to roll out $2.5 trillion in cuts over next 10 years
It’s just a start: GOP set to roll out $2.5 trillion in cuts over next 10 years.
GOP spending cuts would affect millions of people
Here come the squeals! GOP spending cuts would affect millions of people.
Oh my! “Millions!” The world is going to end! Soon it will be gabillions, then squajillions, and finally megabajillionmillionbillions!
What Congress Should Cut
What Congress should cut. And they find $3 trillion in only 14 paragraphs. Key quote:
None of this will be easy. Many will likely demagogue any reduction in the rate of growth of spending as a devastating “cut.” But the politics of spending has changed, and there is an expectation among fiscally conservative voters—Republicans, independents, tea partiers and even Democrats—that the government tighten its belt, just as American families have been forced to do. Some in the Republican establishment have already started complaining that this is too politically difficult. These naysayers misread today’s political climate. Should they succeed in blocking change, tea party voters will hold them just as accountable as big-spending Democrats.
NASA needs billions to get Lockheed Martin’s Orion into space
And NASA thinks it can compete with SpaceX or Orbital Sciences? The agency is asking for billions more to build the Orion capsule.
NPR Launches Offensive Against Congressman Trying to Cut Its Funding
The squealing is getting louder: NPR has launched an offensive against the congressman who wants to cut its funding.
Almost three quarters of the public opposes raising the country’s debt limit
I wish Congress understood this: Almost three quarters of the public opposes raising the country’s debt limit.
Treasury Secretary Geithner says in letter to Congress US may go into default
The money is not there, and Treasury Secretary Geithner agrees. On January 6 he wrote a letter to Congress, stating that the US will go into default if the debt ceiling is not raised.