According to the Orlando Sentinel, the likely budget cuts expected from the next Congress are almost certainly going to threaten the extra shuttle flight that Congress authorized several weeks ago.
If victorious on November 2, will the Republicans actually cut spending? This article outlines the issues.
Steny Hoyer must be in trouble. At the Charles County Candidate Forum on Wednesday, he lowered himself to actually debate his opponents for the upcoming Congressional election, the first time I have seen this happen since I moved to his district in 1999. However, his Republican opponent, Charles Lollar, got the last word, and made Hoyer look bad.
So, Congressman Hare (D-Illinois), is the debt still a myth? According to numbers released today by the Congressional Budget Office, the federal government’s spending rose 9% in 2010, for a total deficit of $1.291 trillion.
The bad economy since 2008 was only worsened by the Obama stimulus, according to one economist. Key quote:
“Today there is a dependency on people who have never been able to forecast anything,” Taleb said. “What kind of system is insulated from forecasting errors?
You think NASA’s going get money this year or next? Or ever? In one graph (see below), this article shows how completely out of control federal spending has become, beginning in 2007, with no end in sight. Key quote:
Until this skyrocketing spending growth is arrested and reversed, we suspect that government spending has become disconnected from the ability of any American household to support it.
The great disconnect, part 2,345: In July, the first month of California’s fiscal year, the state spent $1 billion dollars more than had been forecast. Meanwhile, the state legislature has not yet passed a budget.
But will we do anything about it? In 2009 Social Security will be in the red for the first time since the last legislative overhaul in 1983.
Decline and fall? Out of cash, Camden, New Jersey, is going to close all three of its public libraries on December 31.
The space war continues. Congressman Frank Wolf (R-Va) of the House Appropriations committee says that there is little chance the NASA budget will be approved until January.
All the discussion about the future of NASA must be put in some fiscal context, and here it is: the Debt and Deficit Commission that the Obama administration created to review the spending problems of the federal government has some bad news: there literally is no money for anything but Social Security, Medicare, and Medicaid. Key quote from the Washington Post article:
The commission leaders said that, at present, federal revenue is fully consumed by three programs: Social Security, Medicare and Medicaid. “The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans — the whole rest of the discretionary budget is being financed by China and other countries,” Simpson said.
The space war continues. This article by Lee Roop of the Huntsville Times gives an excellent summary of the precarious political position of NASA’s manned space program.
