Tag: Congress

Pelosi says that GOP budget puts ‘women and children last’

6:18 pm

The head squealer goes oink! Nancy Pelosi (D-California) said yesterday that the proposed GOP budget would put “women and children last.”

Meanwhile, her assistant squealer, Steny Hoyer, insisted that a government shutdown could only be the fault of the Republicans. According to Hoyer, the Democrats in the Senate are mere bystanders, having nothing to do with any of this at all.

What incompetent idiots.

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A clarification of the Obama NASA manned space budget

4:07 pm

To avoid confusion, I want to clarify why I consider Obama’s commercial space budget proposal today to be a decrease, not an increase, from past budget proposals. The history of this budget goes like this:

  • In February 2010 Obama proposed to spend $1 billion per year on new commercial space.
  • Congress responded by reducing that budget to $312 million for 2011 and $500 million per year thereafter.
  • The new Obama budget for 2012 proposes to spend $850 million per year for commercial space, more than presently authorized by Congress but less than proposed by Obama only last year.

It is almost certain that Congress will trim these numbers. Meanwhile, the amount of money to the program-formerly-called-Constellation goes up.

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A victory for aerospace pork

1:52 pm

Update: See my partial retraction here.

The NASA budget announced today by the White House proves how right I was when I stated back on July 8, 2010 that I had no faith in Obama’s new-found commitment to private commercial space. The new budget reduces the funds for private commercial space while putting the bulk of its support behind the unbuildable program-formerly-called Constellation. First read what I wrote in July:

The problem is that I simply do not believe the Obama administration. Everything I have learned about the current President, including the specifics (or lack thereof) of his proposal, tells me that none of his promises are going to be fulfilled. » Read more

Bernanke to Congress: We’re Much Closer to Total Destruction Than You Think

6:51 pm

Bernanke to Congress: We’re much closer to total destruction than you think. Key quote:

One way or the other, fiscal adjustments sufficient to stabilize the federal budget must occur at some point. The question is whether these adjustments will take place through a careful and deliberative process that weighs priorities and gives people adequate time to adjust to changes in government programs or tax policies, or whether the needed fiscal adjustments will come as a rapid and painful response to a looming or actual fiscal crisis.

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Tea Party freshmen may rue $100B in cuts

6:16 pm

Now for some squealing from the “press”: Tea Party freshmen may rue $100B in cuts. I like this comment in response to the story:

Where was the press when Democrats passed $800 billion in useless stimulus? Where were they when unemployment shot up and over the 8% limit Democrats said we would reach without the lame stimulus? They sure jump up when you come up short on $100 billion in cuts…good luck and go after entitlements, please.

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New Congress lets expire a decades-old $2.4 billion pork program

11:16 am

Change! The House kills a decades-old $2.4 billion pork program. Key quote:

The Trade Adjustment Assistance program dates back to the Kennedy-era Trade Expansion Act of 1962 and was expanded under the 1974 Trade Act, signed into law by Gerald Ford. It was the kind of bipartisan program thought to be bulletproof. In the last session, it went from a small program, designed to aid workers displaced by foreign trade, to a huge $2.4 billion pork program providing laid-off workers with 156 weeks of “income support,” subsidies and even education.

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SpaceX puts Dragon 9 space capsule on display in D.C.

11:02 am

SpaceX has put the Dragon 9 space capsule that flew in space on display in D.C. Though it is really cool that they are making the capsule so available to the public, this quote tells us the real story:

With Congress preparing in the weeks ahead to again address the question of government contracts for commercial space businesses such as SpaceX, the company wanted to give it (and attendees of the nearby FAA Commercial Space Transportation Conference) an opportunity to see the capsule. Members of Congress and of the Obama administration were invited to attend a Thursday evening viewing, and company officials said the response has been enthusiastic.

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Cutting the Full $100 Billion

11:01 pm

Keep this momentum going! The House Republican leadership was forced this week to increase its proposed budget cuts to $100 billion because of tea party movement pressure, both in the House and back at home. Key quote from this New York Times report:

The reversal was the most concrete demonstration yet that the wave of fiscal conservatives who catapulted Republicans into the House majority is reshaping the political and policy calculations being made by the party leadership.

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Bernanke headlines a day of grim warnings about the nation’s fiscal standing

12:24 pm

Fed chairman Bernanke issued a grim warning yesterday about the federal government’s overwhelming debt. Key quote:

The national debt is currently about 60 percent of the economy, or Gross Domestic Product, [Bernanke] said, adding that it is projected to reach 90 percent of GDP by 2020 and 150 percent of GDP by 2030. But Bernanke’s citation of $9.5 trillion in national debt didn’t include the $4.6 trillion owed by the government to trust funds for things such as Social Security and Medicare, which have paid out cash to the Treasury in exchange for promisory notes. The full national debt – when both forms of debt are included – is already just under 100 percent of GDP, which is currently around $14.6 trillion.

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Senate Rejects Full ObamaCare Repeal but Votes To Kill ‘1099’ Provision

7:16 pm

By a vote of 51-47, the Senate today rejected a full repeal of ObamaCare. A second vote, 81-17, did repeal the 1099 tax paperwork provision.

No surprises here. This just illustrates the need to throw more of these clowns out of office in 2012. For one thing, many of the 81 Senators who voted to repeal the 1099 tax provision had voted for it only 10 months ago. Have they finally learned to read?

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