The money is not there, and Treasury Secretary Geithner agrees. On January 6 he wrote a letter to Congress, stating that the US will go into default if the debt ceiling is not raised.
NASA has submitted its Heavy Lift rocket proposal to Congress. However, NASA also noted bluntly that:
“Neither Reference Vehicle Design currently fits the projected budget profiles nor schedule goals outlined in the Authorization Act.”
In other words, they can’t build it for the money or in the timeframe they’ve been given by Congress.
Didn’t someone say this already? Several times?
It ain’t just NASA that’s having budget problems: The lack of a budget from Congress is going to delay the launch of two civilian NOAA weather satellites by more than a year.
Some squeals from the right: Don’t cut defense.
As much as I think it necessary to aggressively fight the wars we are in, I have no doubt that the budget of the Defense Department could be trimmed by significant amounts, without harming our capabilities in the slightest.
The battle begins: The House Budget Chairman, Paul Ryan, says that all spending bills will be written to exclude all funds for ObamaCare.
As I say, expect the squealing to be loud.
More progress: Two House bills have been introduced to eliminate funding for NPR and the Corporation for Public Broadcasting.
Stand by for loud squealing.
Progress! The House today approved rules for debating the repeal of ObamaCare, with a vote expected on January 12. Note that some Democrats voted in favor of this bill, indicating that it has some bipartisan support.
Republicans kill House global warming committee.
More progress: The House plans to vote Thursday on a five percent cut in office salaries and expenses.
Good news, if we can believe them: The Republican leadership in Congress vows to cut spending and roll back ObamaCare.
Numbers to scare you: The just ended 111th Congress added more debt than the first hundred Congresses combined.
So you think NASA’s gonna get some money, eh? According the Treasury Department, the government’s debt rose by $2 trillion last year alone.
