Our country’s road to bankruptcy, in one chart.
The day of reckoning looms: Our country’s road to bankruptcy, in one chart.
The day of reckoning looms: Our country’s road to bankruptcy, in one chart.
The day of reckoning looms: Our country’s road to bankruptcy, in one chart.
Why SLS will surely die: “Long-term budget pressures on NASA mount.”
Whether the cheaper, more efficient, and competitive commercial space program will survive remains unknown. It could be that our brilliant Congress, which wants SLS, will keep that very expensive program alive just long enough to choke the life out of the commercial space program. Then, with the government part of private space dead from lack of support, they will suddenly be faced with the gigantic bill from the NASA-built SLS and will, as they have done repeatedly during the past four decades, blanch at paying the actually construction and launch costs, and will kill that too.
The day of reckoning looms: A new audit has found that the Federal Housing Administration has a deficit of $13.5 billion for the fiscal year ending in September.
Success! California now has the highest poverty rate in the nation.
California’s state legislature and governorship have both been held by the Democrats for years. Both have repeatedly raised taxes. Both have repeatedly failed to balance the state’s budget. And both have been and continue to be eager to increase government regulation on the state’s citizenry. What could go wrong?
Update: In related news, Los Angeles’ film and television industry has lost 16,100 jobs in past seven years, mostly due to businesses leaving the state.
What Americans apparently wanted: The Democratic senator seeking the chairmanship of the Senate Budget Committee has refused to promise to write a budget next year.
This will be the fourth year in a row that the Democrats in the Senate have failed to write a budget. And note, they don’t need a single Republican vote to do it, since budget bills cannot be fillibusted.
As I like to say, the day of reckoning looms.
The day of reckoning looms: Harry Reid said Thursday that the Democrats intend to raise the debt limit another $2.4 trillion.
Five big stories the media will ‘discover’ after the election.
It appears that Barack Obama has won another four years in office. Despite what many consider to be one of the weakest and most incompetent presidencies in history, the American people have decided to stick with this man. Even worse, the Democrats look like they will gain seats in the Senate, even though it was the Democratic majority in that Senate that has refused to pass a budget — as required by law — for the last three years. For that dereliction of duty, the American people have decided to reward them with more power.
Overall, it appears that the polls that favored Democrats in their sampling were actually capturing the tone of the country. The public wants big government and a restriction in freedom. 2010 was a fluke, not a trend. I was wrong.
We are stuck with Obamacare. We are stuck with trillion dollar deficits. We are stuck with bankruptcy. I have little hope now for the near future. It will probably take fifty years or more to fix the problems that the past four years and the next four years will create.
This is not even a conservative perspective. No policy can survive, even good leftwing policy, when the government is bankrupt. And with trillion dollar deficits the new normal, we are guaranteed that the government will go bankrupt. And it will take everything else down with it.
Even worse, this willingness of the American public and its intellectual class to ignore this reality, to make believe that trillion dollar deficits don’t matter, suggests an intellectual bankruptcy that is even more appalling. For you can’t fix a problem if you refuse to face it.
The day of reckoning looms: The federal government is expected to hit its debt ceiling before the end of the year.
The federal government is bankrupting the country, and it will take hard sacrifices to rein in that federal government. I fear that, regardless of how today’s election ends, neither party will be willing to propose those sacrifices, mostly because they will believe the voters are not willing either.
The B612 foundation has signed its first contract for building Sentinel, its private infrared space telescope designed to find asteroids that might impact the Earth.
York’s assessment of the Obama campaign is fair and detailed. I would add that any campaign that thinks voters care more about a puppet and binders then they do about a failing economy and a bankrupt federal government should have no expectation of winning on November 6.
Ahmadinejad: “How long can a government with a $16 trillion foreign debt remain a world power?”
Even a broken clock is right twice a day. Though even here, Ahmadinejad isn’t quite right, as the debt of the U.S. is not all foreign.
Your tax dollars at work: The federal government has spent $27 million teaching Moroccans how to make pottery.
The day of reckoning looms: Government pension plans have about $1.2 trillion of unfunded liabilities.
Two days ago Ralph Kayser, head of the Tucson Tea Party, sent out an email announcing that the Republican Congressional candidate for my district, Jonathan Paton (pictured on the right), was going to hold a luncheon fundraiser today. Ralph wanted to know if anyone was interested in attending.
Normally, I detest giving money to politicians, from either party. I consider them to be the worst form of bloodsuckers. They don’t produce any wealth, cannot create jobs no matter how hard they try, add restrictions to our lives that squelch freedom, and generally only serve to squeeze tax dollars from us all for wasteful government projects, money that we would better left in our own hands to use as we each saw fit. And then they go on the campaign trail, begging for more money so that they can beat the other guy.
Like I say, bloodsuckers.
Nonetheless, to me this election is different, in the same way the 2010 election was different.
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Scientists are proposing that Europe send a probe to Titan and sail it on that planet’s methane lakes.
This concept had been proposed to NASA last year but it was rejected when the Obama administration shut down the planetary program.
It’s good work if you can get it: The federal government spent $1.4 billion on the Obama family last year.
This included entertainment, housing, travel, and staff. It was also more than 24 times what the British spend on their royal family.
In related news, Agriculture Department employees spent more time visiting foreign countries then they did the farmlands of the U.S.
Six Congressmen have introduced a bill that would have the NASA administrator serve a ten year term, and put the running of the space agency in the hands of an unelected board of directors.
Some details:
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Good news: The automatic budget cuts triggered by sequestration appear increasingly likely according to two defense analysts.
Now that the Obama administration has released some details on how these 8.2 and 9.4 percent cuts will be imposed, I find them a refreshing change from business-as-usual in Washington. As far as I can tell, the only thing really wrong with them is that they only scratch the surface of the federal budget debt.
Another whining article about sequestration: “Sequestration would come at ‘great cost’ to NASA.”
Let’s be blunt. An 8.2 percent cut in NASA’s budget will not destroy the agency. It will hurt them, surely, but it will only bring their budget back the agency’s 2005 budget. Considering the deficit and debt, this is hardly a draconian cut.
If the Republicans are serious about getting the budget under control — as they say they are — then these automatic cuts imposed by sequestration should not give them heartburn.
As for the Democrats, no point in caring what they think or do. We already know they aren’t serious about getting the budget under control, considering the budgets Obama has proposed, all of which were rejected unanimously by both Houses of Congress, and the refusal of the Democrats in the Senate to even offer a budget for the past three years.
For the past three days there has been a very lively debate by readers of Behind the Black, attempting to figure out the actual cost of launching payload to low Earth orbit by various rockets, including SpaceX, the space shuttle, and the NASA-built Space Launch System.
Three stories published today add some new information to this debate.
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The day of reckoning looms: The U.S. government’s credit rating has been downgraded again.
And we’ve only just begun!
The journal Science today published this detailed look at the cuts that would occur in all the federal government’s various science programs should the automatic budget cuts outlined in the sequestration legislation occur on January 2, 2013.
Not surprising, the article includes a great deal of moaning and groaning about the terrible harm the cuts would have on science research should they occur. From the Obama administration:
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The day of reckoning looms: The federal budget deficit has now exceeded one trillion dollars for the fourth year in a row.
The law is such an inconvenient thing: The Obama administration will miss the legal deadline — set by a law he signed only a month ago — to provide details on implementing the required budget cuts under sequestration.
This is only one data point in a long string of data points that have consistently illustrated how disinterested the Obama administration is in dealing with budget issues and the federal debt. And disinterested might be too kind a word. Incompetent also comes to mind.
Broken record: For the 31st time in the past three years the Obama administration warned the public “not to read too much” into this month’s high unemployment numbers.
A website, ScienceDebate.org, submitted a wide range of questions to Barack Obama and Mitt Romney about their plans for science and technology, and the answers, shown in a side-by-side comparison, are interesting, though in general they demonstrate the ability of politicians to speak for a long time without saying much.
This ability to blather is especially apparent to their answers to the question 12: “What should America’s space exploration and utilization goals be in the 21st century and what steps should the government take to help achieve them?” Neither candidate adds much to what was said in the Republican and Democratic party platforms, making it obvious that neither really cares or knows that much about this subject.
Overall, however, the answers do reveal the basic and fundamental differences between the two candidates, which can be seen in their answers to the very first question about encouraging innovation:
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The day of reckoning looms: The debt of the federal government officially exceeded $16 trillion on Tuesday.
Talk about an inappropriate use of federal funds: The Democratic and Republican conventions received $136 million in taxpayer subsidies.