Surprise surprise! Hurricane Sandy relief funding turns into Porkfest 2012.
Here we go again. Yesterday an aerospace organization, Aerospace Industries Association, released a sixteen page report [pdf] claiming that NASA will lose 20,500 jobs and NOAA 2,500 if the federal government goes over the “fiscal cliff” and sequestration happens.
Immediately, a slew of news articles xeroxed this report to pound home this point, noting the job loses for the specific cities of each newspaper and how disaster awaits the country if sequestration is allowed to take place and we go over that blessed “fiscal cliff”:
The trouble is, this is all hogwash and bad journalism.
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A new National Research Council report released yesterday says that NASA lacks focus nor can it complete the missions it has with the resources available.
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O goody: The GAO is concerned about the future budget and schedule of the James Webb Space Telescope.
This is very bad news if true for NASA’s astronomy program. Webb was originally budgeted at $1 billion and scheduled to launch in 2011. Its budget is now $8.8 billion and its launch is now set for October 2018. And until it launches there is little money to build any other space telescope.
An evening pause: I think the trucks in this video are a perfect metaphor for the American public’s attitude towards the federal debt. So what there are yellow flashing warning signs! Charge on!
But no one … at this point seems to have grasped that [nothing will be solved] unless the avoidance of the fiscal cliff includes measures that radically cut the deficit and end the unspeakable fraud of 70 percent of the country’s $1 to $1.5 trillion federal deficit being covered by phony notes cyber-clicked into existence from the Treasury’s 100 percent subsidiary, the Federal Reserve. No test of psychological confidence will be passed by this charade, nor any test of Grade 3 arithmetic either. The administration swaddles itself in a few weeks of a record-breaking rise in economic-growth and tax-collection rates. But this is only three weeks, and applies to a built-in annual budget deficit of $1.5 trillion on top of an accumulated national debt that took 232 years to get to $10 trillion in 2008 and made it to $16 trillion this year. (And there are still 5 million fewer people working in the U.S. than there were four years ago.) [emphasis mine]
This fake political term, “The fiscal cliff”, is an unmitigated lie, created by politicians to disguise their failure to actually deal with the debt. They are using it to avoid even cutting spending levels back to 2008 numbers, a reduction in spending that would hardly be noticed in the bloated, overweight, and increasingly oppressive federal bureaucracy.
The day of reckoning looms: The overall debt from student loans now exceeds $1 trillion, with defaults skyrocketing. The solution from one Democratic Congressman: a $1 trillion bailout. More here.
“1,200 days and $5 trillion in new debt since Senate Democrats passed a budget.”
An annual budget is required by law. Harry Reid’s answer: “It would be foolish for us to do a budget at this stage.” And what do the American people do? They reward the Democrats, providing proof positive that we are in very bad shape and heading for disaster.
The day of reckoning looms: The federal government’s debt ceiling will be reached no later than the end of February, and possibly sooner.
The day of reckoning looms: Don’t you dare call it default!
As a replacement for its discontinued ATV cargo freighter — which paid its share of ISS — Europe has decided to build a service module for the Orion capsule.
This decision occurred at the same time ESA decided to upgrade Ariane 5 rather than replace it. Both decisions, to my mind, were serious mistakes.
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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.
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.
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.
