Tag: budget

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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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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Here’s another report on the planetary sciences/NASA dispute this week over funding and grant scheduling.

11:08 pm

Here’s another report on the planetary sciences/NASA dispute this week over funding and grant scheduling.

From this report it appears that the complaints by the planetary science community might have been a bit overstated. It doesn’t appear that NASA is cutting the planetary sciences grant program in any significant way.

I suspect that the reason the planetary scientists are so touchy is because they do not trust the Obama administration, based on its previous efforts to eliminate the planetary program entirely. (It is also possible that they are right.)

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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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To save money, NASA management has shut down a troubled program to build a more efficient plutonium power supply for its deep space missions.

9:06 am

To save money, NASA management has shut down a troubled program to build a more efficient plutonium power supply for its deep space missions.

The cancelled ASRGs would have generated electrical power from the expansion of gas warmed by the radioactive decay of plutonium-238. NASA says that the devices have the same power output as its current generation of Multi-Mission Radioactive Thermoelectric Generators (MMRTG) but use four times less plutonium-238, a scarce resource. One MMRTG with 4.8 kilograms of plutonium is currently powering the Curiosity rover on Mars.

The United States has less than 40 kilograms of plutonium-238 left, but the DOE restarted production this year. Green says he is confident that the DOE will be producing plutonium-238 at a rate of 1.5 kilograms per year by 2019. He says that the stockpiled plutonium-238, along with the new supply, will be enough to send another planned rover to Mars in 2020 and to complete other missions in the 2020s – without any need for the extra efficiency of the ASRGs.

The ASRG program had been a year and a half behind schedule and had had its management team replaced at one point.

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Lockheed Martin announced today that it is closing down five facilities and laying off 4,000 employees.

6:03 pm

Lockheed Martin announced today that it is closing down five facilities and laying off 4,000 employees.

This is actually good news for the company (reflected in a rise in its stock price today) as well as the taxpayer. Faced with less easy money from the federal government, the company is trimming some of its waste and unneeded fat. I am confident these cuts will have zero impact on their ability to operate and compete. If anything, they will improve the company’s abilities.

The cuts are also a recognition that the federal cuts from sequestration are not going away, even though those cuts have resulted in literally no visible problems in any federal program. To me, this is another demonstration that there was (and continues to be) plenty of fat in the federal government that can be trimmed away, without serious harm to any federal program.

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In his weekly radio address today, President Obama called for new taxes and increased spending.

8:51 am

Broken record: In his weekly radio address today, President Obama called for new taxes and increased spending.

It is always the same. No matter what happens, Obama calls for more spending and higher taxes. It seems quite unimaginative on his part to never propose some other ideas for solving the federal deficit and the government’s other problems.

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A new poll, taken by a liberal poll company, finds that Democratic incumbents took a much bigger hit than Republican incumbents after the government shutdown.

11:02 am

A new poll, taken by a liberal poll company, finds that Democratic incumbents took a much bigger hit than Republican incumbents after the government shutdown.

As I’ve said repeatedly, the shutdown was a team effort of both parties, that occurred because of their disagreement over Obamacare. The spin has said the Republicans lost big. The evidences says otherwise.

Also, this poll was taken before the most recent disasters relating to Obamacare became public knowledge. I suspect the numbers will worsen for Democrats in subsequent polls.

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In 2010 the Democrats unanimously voted in support of the regulations that are now forcing the cancellation of millions of health insurance plans.

10:54 am

Owning it: In 2010 the Democrats unanimously voted in support of the regulations that are now forcing the cancellation of millions of health insurance plans.

The Democrats voted for Obamacare. They then voted for the regulations that are wiping out health plans nationwide. And they voted to shut the government down to support Obamacare only one month ago.

I would say this indicates pretty strongly that they are responsible for this law.

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One expert estimates that 129 million people, 68% of those who buy health insurance, will lose their plan by the end of 2014 because of Obamacare.

9:46 am

Finding out what’s in it: One expert estimates that 129 million people, 68% of those who buy health insurance, will lose their plan by the end of 2014 because of Obamacare.

I am sure all those people will be grateful to Obama and the Democrats for standing strong and shutting down the government rather than allow any changes to this law.

Note: I keep repeating this point about the government shutdown because it is important to remember the real cause of that shutdown: The Republicans objected to Obamacare and the Democrats endorsed it. We mustn’t forget this very fundamental fact as we watch Obamacare roll over the country like a bulldozer.

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70% of Americans want to delay the Obamacare individual mandate.

9:07 am

Poll: 70% of Americans want to delay the Obamacare individual mandate.

One, I suspect that many of those polled really think they are asking for a delay of Obamacare entirely, and do not understand that delaying the mandate will do nothing to save their present insurance plan. If Obamacare requires that plan to die, it will die, regardless of when the mandate goes into effect.

Two, this is strong evidence that, when the next budget deadline arrives in a few months, the Republicans should once again demand to either delay, defund, or repeal Obamacare. They should force the Democrats to once again vote for this law. If the Republicans do this, they might actually be in a position to force Democrats to agree to a repeal.

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The president and the Democrats lied us into a bad law.

9:19 pm

“The president and the Democrats lied us into a bad law.”

The Right opposed the law on principle. A single party — the Democrats — own this law in a way that no party has had complete ownership of any major social legislation in a century. They bought this legislation with deceit and the GOP said so. Now that it is going into effect, the facts on the ground are confirming that deceit. Moreover, the same haughty condescending bureaucrats and politicians who told us they were smart enough and tech-savvy enough to do just about anything are being exposed as incompetent political hacks.

And remember: This same President and those same Democrats re-affirmed their support of Obamacare less than one month ago by insisting on shutting the government down rather than agree to even the slightest revision of this disaster of a law.

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Why the shutdown was a total victory for conservatives, both in the short and long runs.

9:48 am

Why the shutdown was a total victory for conservatives, both in the short and long runs.

The shutdown/debt limit imbroglio wasn’t a defeat. Defeats leave the losers feeling defeated. But the designated losers, the conservative base of the GOP – which, more accurately, now is the GOP – is more eager and excited than it has been in a long time.

Why? Someone fought. Finally.

Sure, we didn’t win the repeal of Obamacare. The only people talking about actually repealing Obamacare as a direct result of the tactical moves of recent weeks were the doddering dinosaurs and their media accomplices trying to put out the notion that Ted Cruz and his band of merry marauders had suckered us numbskull conservatives with promises of total victory right here and right now.

Being very familiar with the Constitution, we realize that it’s kind of difficult to pass a law when we only hold the House. We’re clear on that. We were always clear on that. What Ted Cruz did – and what the go-along, get-along gang of Republican stegosauruses hate – is that he fought. He fought. There’s a huge value to drawing a line, to taking a stand, to rallying the troops.

Real leaders – which the GOP establishment lacks – know that. We’ve had two presidential elections in a row with a demoralized base. That’s bad. Just ask Presidents McCain and Romney. [emphasis in original]

The key for determining which side is winning this battle is to look at the positions that new politicians are taking. That tells you the trend. And what I see is that the challengers all want to be Ted Cruz, not John McCain.

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The major news networks blamed the shutdown on Republicans 41 times, Democrats 0 times.

12:48 pm

Working for the Democratic Party: The major news networks blamed the shutdown on Republicans 41 times, Democrats 0 times.

In Congress the shutdown was a team effort, involving both parties. To pin the blame on one party is to reveal your partisanship.

But then, this really isn’t news. The major news networks have been unabashed Democratic Party operatives for years. This detail just provides another one of thousands of illustrations that prove it.

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A House hearings yesterday, the partisan tactics of the director of the National Park Service was clearly illustrated by comparing what this government official did during the Occupy Wall Street protests versus his actions during the government shutdown.

10:27 am

Working for the Democratic Party: A House hearings yesterday, the partisan tactics of the director of the National Park Service were clearly illustrated by comparing what this government official did during the Occupy Wall Street protests versus his actions during the government shutdown. Watch:

The man should be fired. But he won’t be. Obama’s outrage over such activities is pure theater. He actually likes what Jarvis did, as it wholly supports the agenda of the Democratic Party.

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Obamacare might well be imploding.

8:44 am

Obamacare might well be imploding.

In other words, the elites in Washington might have signed a corrupt budget deal, but meanwhile the cause of the shutdown, Obamacare, continues to show itself to be an abject failure, justifying the efforts of the more honest Republicans to try to stop it.

The Democrats endorsed this law again during the budget standoff. Had they be willing to even consider minor changes the shutdown could have been averted. Instead, they stood firm as a party, supporting this unworkable law, as it stands.

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Cygnus will be de-orbited one day early, on October 23.

8:24 am

Cygnus will be de-orbited one day early, on October 23.

At the same time, preparations move forward for the second Cygnus flight in December, which will be the first operational flight. This quote is interesting:

Neither Orbital nor the Virginia Commercial Space Flight Authority got locked out of the Mid-Atlantic Regional Spaceport as a result of the shutdown, meaning that preparations for the tentative December launch continued while more than 95 percent of NASA’s roughly 18,000 civil servants were on furlough.

Suggests again how unessential a good percentage of NASA’s employees really are. They might be great engineers, but they are apparently wasting their talents at NASA doing unnecessary make-work.

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The Senate budget deal that the House will vote on today includes some really nice pork.

4:48 pm

The Senate budget deal that the House will vote on today includes some really nice pork.

The bill includes extra funds to fix flooded roads in Colorado, a $3 million appropriation for a civil liberties oversight board and a one-time payment to the widow of Sen. Frank Lautenberg (D-N.J.), who died over the summer. It also includes a more than $2 billion increase in funding for construction on the lower Ohio River in Illinois and Kentucky. Current law authorizes $775 million in spending for related projects, and the bill increases it to $2.918 billion.

The last appears to be a kickback to Mitch McConnell (R-Kentucky) to get him to buy into this crap.

The bill also has this crap:

The legislation broadly re-opens the government through Jan. 15, and extends the ability of the government to borrow money through Feb. 7. It does so by allowing President Obama to waive the debt ceiling, a move that can be overridden by a resolution of disapproval by Congress that Obama could still veto. [emphasis mine]

In other words, Congress is now ceding this budgetary responsibility and power to the President, who will then rule by decree.

Update: The bill passed both houses of Congress and has now been signed by the President. Note that the only opposition came from Republicans, but even here the opposition was a minority. The Democrats strongly endorsed this bill, and for good reason. It gives them (and the Republicans who supported it) lots of pork and greater power for Obama. Americans meanwhile are screwed. The day of reckoning still looms.

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Chase Bank has told its business customers that there is now a limit on the amount that can be withdrawn from an account, while also banning all international wire transfers.

11:56 am

WTF? Chase Bank has told its business customers that they are placing a limit on the amount that can be withdrawn from an account, while also banning all international wire transfers.

If I had a Chase account, I would close it today, immediately, before these restrictions go into place.

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No budget deal: The Democrats continue to refuse to give in at all, and the bulk of the Republican caucus has shown some spine and refused to cave.

5:42 pm

Well hallelujah and amen! No budget deal: The Democrats continue to refuse to give in at all, and the Republicans have shown some spine and refused to cave.

This deadlock has been a team effort, from both sides. To say it is entirely the fault of one party or the other is to reveal your partisanship.

Nonetheless, legislation requires negotiation, and the only ones refusing to negotiate at all have been the Democrats. In the real world outside of government, such pig-headedness always results in no deal at all.

Right now it looks like 17% of the government will remain shut for quite awhile. And with the debt ceiling kicking in, the federal government will find its hands tied even more. The American people are about to find out that life will go on quite successfully without their big daddy to boss them around.

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A company that employes a large number of temporary workers is now going to have to drop health insurance for all of its employees, because of Obamacare.

1:07 pm

Finding out what’s in it: A company that employes a large number of temporary workers is now going to have to drop health insurance for all of its employees, because of Obamacare.

Aside from its full-time staff, the company also manages about 400 temporary workers, and is hoping to add another 200 in the next year. Those employees can buy into a separate health insurance program North Georgia Staffing signed up with. Under new ObamaCare rules, many of those “temps” will count toward the Underkoffler’s full-time staff. Larry Underkoffler calculates their full-time employee count will instantly surge from 18 to around 200. They will go from boutique operation to “major employer” overnight.

And that means, under the health care law, they’d have to provide insurance coverage to all, or pay a $2,000-per-worker fine. In the Underkofflers’ case, the fine might be the more affordable option. “We would have to provide the same program for all the employees — including the temps — to everyone employed by us. And we just couldn’t do that,” Larry Underkoffler told Fox News. They argue that providing insurance to all the employees would bankrupt the company. Instead, they’ll eat the cost of the fine, and dump the employees they can’t cover into Georgia’s federally run health insurance exchange.

“It looks like we will have to just pay the penalties,” Debbie Underkoffler told Fox News. Those penalties could add up to $400,000 in just the first year. That comes right off their bottom line. Still, it’s a fraction of what providing health care could cost them. That tab could top $2 million per year. What’s more, because ObamaCare does not allow separate plans for the full-time employees and the temporary workers they manage, their full-timers will lose their current benefits.

The cost of the fines themselves is so high that I expect that they will soon begin destroying business left and right. Get prepared for the arrival of a large underground black market, working illegally under the radar to avoid the unbearable financial burdens of Obamacare.

Meanwhile, the CEO of Aetna insurance moans the complete failure of the Obamacare website to function.

Asked if he would have delayed the launch of the exchange given its earlier problems, Bertolini said, “I would have, if I’d been in their seat.”

But don’t worry, the Democrats have your back! Having Obamacare the law of the land now is so important to them that they are willing to shut down the government, for as long as necessary.

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