More delays for the James Webb Space Telescope?
More delays for the James Webb Space Telescope?
Tag: budget
U.S. National Parks’ Cultural and Natural Resources Threatened
The pigs begin squealing again: According to a report written by a D.C. advocacy group, the national parks face serious problems due to a lack of sufficient funds.
It’s never enough. The National Park Service budget [pdf] has grown from $2.5 billion in 2003 to $3.1 billion in 2011. At the same time, they have increased fees on all public lands, often introducing fees where none had ever existed before.
Somehow, they managed for decades on smaller budgets. At this time of unimaginable federal debt, I have no sympathy for them, despite the fact that I am a passionate lover of the natural wonders contained in the national parks.
NASA Foresees 2-Year Final Shuttle Retirement Phase
Seems a bit long to me: NASA foresees a two year period after the last shuttle lands to retire the program completely.
Obama’s blast at corporate tax breaks for private jets was created in his stimulus package
This is funny: Obama’s attack of corporate tax breaks for private jets was an attack on something actually reauthorized by his stimulus package.
Obama administration gave an almost $80,000 grant to the largest branch of a renamed ACORN, despite a Congressional prohibition.
The law is such an inconvenient thing: The Obama administration gave an almost $80,000 grant to the largest branch of a renamed ACORN, despite a Congressional prohibition.
Another billion in free money for homeowners who can’t pay their mortgage
The Obama administration is offering another billion in free money to homeowners who can’t pay their mortgage.
So, considering the trillions in debt that is overwhelming the budget of the federal government, I wonder where is billion dollars coming from. Do they grow it on trees? I’d really like to know, since it would be nice if I could manufacture cash out of thin air as easily whenever I thought I needed it.
Obama’s proposal to end the tax break for corporate jet owners would reduce the deficit by less than one-tenth of 1 percent.
A dose of reality: Obama’s repeated demand at yesterday’s press conference to end the tax break for corporate jet owners would reduce the deficit by less than one-tenth of 1 percent.
I say, the Republicans should trade this measly tax increase for $1 trillion in cuts. This tax increase is stupid, and will do nothing bu harm, but if they can trade it for lots of cuts, it’s worth accepting it.
NASA Funding Mired In Budget Politics
NASA funding mired in budget politics.
And you ain’t seen nothin’ yet!
Obama and Republicans in agreement: Senate should cancel next week’s vacation
Obama and Republicans in agreement: The Senate should cancel next week’s vacation.
Biosphere 2 gets a new owner and a boost in funding
Biosphere 2 gets a new owner and a boost in funding.
The EPA has given $100M to foreign governments and groups in last decade
The EPA has given $100M to foreign governments and foreign groups in last decade.
The shocking true size of our nation’s debt
The day of reckoning beckons: The shocking true size of our nation’s debt.
Add it all up, and total US debt actually exceeds 900% of GDP. That’s somewhere in excess of $120 trillion. We are beginning to talk real money here.
The Congressional Budget Office [CBO] also contains bad news for those who believe that we can fix this problem simply by cutting “fraud, waste and abuse.” As CBO points out, the projected growth in the debt “is attributable entirely to increases in spending on several large mandatory programs: Social Security, Medicare, Medicaid, and (to a lesser extent) insurance subsidies that will be provided through [Obamacare].” There is simply no way to deal with our debt problems without reforming those entitlement programs.
Finally, the CBO report makes it clear that we have a debt problem because spending is too high, not because taxes are too low. In fact, even though taxes are currently at a near historic low as a proportion of the economy, that is largely a result of the recession. If the economy returns to normal growth rates (a big “if”), federal revenues will not only rise, but will actually be higher than the postwar average percentage of GDP by the end of the decade. In fact, this will happen even if the Bush tax cuts are extended and the Alternative Minimum Tax AMT continues to be patched.
Obama to directly intervene in the debt limit negotiations
Finally: The White House announced today that Obama will now directly involve himself in the debt limit negotiations.
Global Bankruptcy Months Away?
The day of reckoning beckons: Global bankruptcy months away? Key quote:
“Based upon world liquidity, the amount of money available to fund sovereign debt in 2011 is between $6-9 trillion,” Marc Nuttle told Townhall Finance. Nuttle runs the site DebtWall.org. “The world’s government projections for deficit financing in 2011 is $8-10 trillion. We are bumping into the ceiling of the world’s ability to fund ongoing sovereign deficits and debt on an annual basis.”
NASA faces subpoena on heavy-lift rocket work
The space war continues: Several senators are threatening to subpoena NASA over what they perceive as the agency’s foot-dragging in building a heavy-lift rocket.
Idiots. They give NASA less money and less time to build the program-formerly-called-Constellation, and then are surprised when things don’t go well. Of course, it doesn’t help that the Obama administration is trying to sabotage the project anyway.
More money troubles in NASA’s climate and astronomy programs
Other science money troubles: NASA’s climate and astronomy programs face delays due to cost overruns and rocket failures.
Underground Physics Lab to Cost U.S. Energy Department at Least $1.2 Billion
A new report released today says a new underground physics lab will cost the Energy Department from $1.2 to $2.2 billion.
Though I know the science is worthwhile and we should be doing it, I also can’t help ask this question: Where the hell are we going to get the money?
Want to send a probe to another planet? Cut costs!
Want to send a probe to another planet? Do it cheaply, as these scientists did.
Senate Republicans pull out of Biden debt limit negotiations
The Senate Republicans have pulled out of Biden’s debt limit negotiations.
This article strongly suggests to me that the Democrats, who hold a majority in this negotiating group, have refused to take seriously the Republicans’ demand to cut spending, instead focusing on tax increases as a solution. The problem is that you could raise our taxes to 100 percent and you wouldn’t solve the debt problem. The government has got to reduce its spending.
CBO: The national debt will exceed the size of the entire U.S. economy by 2021
The day of reckoning looms: The Congressional Budget Office today reported that unless something drastic is done, the national debt will exceed the size of the entire U.S. economy by 2021.