Tag: deficit
“This is Obama at his most sanctimonious, demagogic, self-righteous and arrogant.”
Four Democrat Votes Away From Ending Debt Crisis
I like the point he makes: Only four Democrat votes away from ending the debt crisis.
I like the point he makes: Only four Democrat votes away from ending the debt crisis.
Boehner ends negotiations with Obama
Not good: House Speaker John Boehner (R-Ohio) has broken off negotiations with President Obama over the debt ceiling.
“A deal was never reached and was never really close,” Boehner wrote. “I have decided to end discussions with the White House and begin conversations with the leaders of the Senate in an effort to find a path forward.” Boehner blamed Obama’s demand for higher taxes and opposition to “fundamental changes” to entitlement programs such as Medicare, Medicaid and Social Security.
The important thing to note here is that so far only the Republicans have put forth any specific plan. It might not have been perfect but at least it was something. And the Democrats have rejected it, without offering any detailed counteroffer.
Not good: House Speaker John Boehner (R-Ohio) has broken off negotiations with President Obama over the debt ceiling.
“A deal was never reached and was never really close,” Boehner wrote. “I have decided to end discussions with the White House and begin conversations with the leaders of the Senate in an effort to find a path forward.” Boehner blamed Obama’s demand for higher taxes and opposition to “fundamental changes” to entitlement programs such as Medicare, Medicaid and Social Security.
The important thing to note here is that so far only the Republicans have put forth any specific plan. It might not have been perfect but at least it was something. And the Democrats have rejected it, without offering any detailed counteroffer.
A good summary of the present American manned space situation
Clark Lindsey has put together a very succinct but thorough summary of the present and future state of American manned space.
The bottom line is that the U.S. can easily have multiple rockets and spaceships to put people into space, in only a few short years, if only our government will get out of the way.
Clark Lindsey has put together a very succinct but thorough summary of the present and future state of American manned space.
The bottom line is that the U.S. can easily have multiple rockets and spaceships to put people into space, in only a few short years, if only our government will get out of the way.
The Democrats in the Senate reject the House Republican debt ceiling plan
So what’s their plan? The Democrats in the Senate today rejected the House Republican debt ceiling plan.
Meanwhile, poll data says that the public is afraid that any deal will raise taxes too much and not cut enough.
Voters are worried more that Congress and President Obama will raise taxes too much rather than too little in any deal to end the debt ceiling debate. Just 26% fear they’ll raise taxes too little. Twelve percent (12%) aren’t sure. Similarly, 56% worry that Congress and the president will cut spending too little in the final debt ceiling deal, while only 25% are concerned that they will cut spending too much. Nineteen percent (19%) are undecided.
This quote is even more telling:
There’s a wide difference of opinion, however, between the Political Class and Mainstream voters. Fifty-nine percent (59%) of the Political Class is worried the deal will cut spending too much, while 63% of Mainstream voters fear it won’t cut spending enough. Those in the Mainstream worry more than Political Class voters by a near two-to-one margin – 70% to 37% – that the debt deal also will raise taxes too much.
So what’s their plan? The Democrats in the Senate today rejected the House Republican debt ceiling plan.
Meanwhile, poll data says that the public is afraid that any deal will raise taxes too much and not cut enough.
Voters are worried more that Congress and President Obama will raise taxes too much rather than too little in any deal to end the debt ceiling debate. Just 26% fear they’ll raise taxes too little. Twelve percent (12%) aren’t sure. Similarly, 56% worry that Congress and the president will cut spending too little in the final debt ceiling deal, while only 25% are concerned that they will cut spending too much. Nineteen percent (19%) are undecided.
This quote is even more telling:
There’s a wide difference of opinion, however, between the Political Class and Mainstream voters. Fifty-nine percent (59%) of the Political Class is worried the deal will cut spending too much, while 63% of Mainstream voters fear it won’t cut spending enough. Those in the Mainstream worry more than Political Class voters by a near two-to-one margin – 70% to 37% – that the debt deal also will raise taxes too much.
Perry and other lawmakers blast Obama over shuttle retirement
Texas Governor Rick Perry, as well as other lawmakers from Congress, blasted Obama today over the shuttle retirement.
Bah. Perry claims to be a so-called small government conservative, yet he wants the government to spend a fortune to build and run the space program. Meanwhile, Senators John Cornyn (R-Texas) and Kate Bailey Hutchinson (R-Texas) were around in Congress when President George Bush announced the shuttle’s retirement seven years ago. Their effort since then to fund pork through NASA and thus have NASA build a giant new rocket system, either Constellation or its new Congressionally-designed replacement, has been a disaster. Right now it would be better, and far cheaper, if they stopped fighting the new commercial space companies and instead get behind them, especially since the Obama administration itself has done a very poor job of selling this new industry.
A little support from Congress could go a long way to not only reinvigorating the aerospace industry, it could speed our country’s return to manned space, with multiple competing companies.
Texas Governor Rick Perry, as well as other lawmakers from Congress, blasted Obama today over the shuttle retirement.
Bah. Perry claims to be a so-called small government conservative, yet he wants the government to spend a fortune to build and run the space program. Meanwhile, Senators John Cornyn (R-Texas) and Kate Bailey Hutchinson (R-Texas) were around in Congress when President George Bush announced the shuttle’s retirement seven years ago. Their effort since then to fund pork through NASA and thus have NASA build a giant new rocket system, either Constellation or its new Congressionally-designed replacement, has been a disaster. Right now it would be better, and far cheaper, if they stopped fighting the new commercial space companies and instead get behind them, especially since the Obama administration itself has done a very poor job of selling this new industry.
A little support from Congress could go a long way to not only reinvigorating the aerospace industry, it could speed our country’s return to manned space, with multiple competing companies.
Hoyer says Balanced Budget Amendment would “Make it virtually impossible to raise” taxes
And this is bad? My idiot congressman, Steny Hoyer (D-Maryland), said today that the balanced budget amendment passed by the Republican-controlled House yesterday would “make it virtually impossible to raise” taxes.
And this is bad? My idiot congressman, Steny Hoyer (D-Maryland), said today that the balanced budget amendment passed by the Republican-controlled House yesterday would “make it virtually impossible to raise” taxes.
Obama plans birthday bash costing almost $40k per ticket on default day
Tone deaf: Obama is planning a birthday bash fundraiser for himself costing more than $35k per ticket on August 3, the day the debt limit is reached and could default.
Oscar winner Jennifer Hudson is expected to perform at the birthday bash at the historic Aragon Ballroom in Chicago. The event will be one of the president’s biggest fundraisers of the year. Publicity literature featuring a red, white and blue Happy Birthday logo has already been produced. The event will be “multi-tiered,” the Chicago Sun-Times reported. The Hudson concert would cost $50; admission to the party $200; a premium seat $1,000; a souvenir photo with the president $10,000; and VIP seating and dinner with Obama $38,500.
Tone deaf: Obama is planning a birthday bash fundraiser for himself costing more than $35k per ticket on August 3, the day the debt limit is reached and could default.
Oscar winner Jennifer Hudson is expected to perform at the birthday bash at the historic Aragon Ballroom in Chicago. The event will be one of the president’s biggest fundraisers of the year. Publicity literature featuring a red, white and blue Happy Birthday logo has already been produced. The event will be “multi-tiered,” the Chicago Sun-Times reported. The Hudson concert would cost $50; admission to the party $200; a premium seat $1,000; a souvenir photo with the president $10,000; and VIP seating and dinner with Obama $38,500.
The Republican-controlled House today passed legislation raising the debt ceiling and cutting federal spending by $6 trillion
Now it’s in the Democrats’ court: The Republican-controlled House today passed legislation raising the debt ceiling and cutting federal spending by $6 trillion.
Republicans have now passed their second bill this session that attempts to address the exploding deficits and the debt crisis, the first being Paul Ryan’s budget plan in April. Meanwhile, Democrats in the Senate haven’t bothered to pass any budget resolution in over 800 days, and the White House still refuses to offer any specific ideas.
Now it’s in the Democrats’ court: The Republican-controlled House today passed legislation raising the debt ceiling and cutting federal spending by $6 trillion.
Republicans have now passed their second bill this session that attempts to address the exploding deficits and the debt crisis, the first being Paul Ryan’s budget plan in April. Meanwhile, Democrats in the Senate haven’t bothered to pass any budget resolution in over 800 days, and the White House still refuses to offer any specific ideas.
The dying NASA astrophysics program
The dying NASA astrophysics program.
With support from President Barack Obama, the agency’s Earth science budget is at an all-time high. Over the next four months, the planetary science division is due to launch three major missions: to the Moon, to Mars and to Jupiter. And the heliophysics division plans to send a probe plunging into the blistering atmosphere of the Sun, closer than ever before. But because the overall NASA science budget is relatively flat, something had to give. Since 2008, astrophysics funding has plunged relative to other NASA science and relative to physics and astronomy funding at other agencies.
The dying NASA astrophysics program.
With support from President Barack Obama, the agency’s Earth science budget is at an all-time high. Over the next four months, the planetary science division is due to launch three major missions: to the Moon, to Mars and to Jupiter. And the heliophysics division plans to send a probe plunging into the blistering atmosphere of the Sun, closer than ever before. But because the overall NASA science budget is relatively flat, something had to give. Since 2008, astrophysics funding has plunged relative to other NASA science and relative to physics and astronomy funding at other agencies.
Ten signs that Americans have begun freaking out about the state of the economy
Ten signs that Americans have begun freaking out about the state of the economy.
Here’s another: Bank Of America is tanking again, as the firm may need $50 billion in fresh capital.
Ten signs that Americans have begun freaking out about the state of the economy.
Here’s another: Bank Of America is tanking again, as the firm may need $50 billion in fresh capital.
The U.S. and the rising Russian space program
The Russians yesterday successfully launched their first space telescope since the fall of the Soviet Union. Here is a Google translation of a Russian article describing Spektr-R’s research goals:
[Spektr-R is] designed to study galaxies and quasars in the radio, the study of black holes and neutron stars in the Milky Way, as well as the regions immediately adjacent to the massive black holes. In addition, using the observatory, scientists expect to receive information about pulsars and the interstellar plasma. It is planned that the “Spektr-R” will work in orbit for at least 5 years.
Though this particular space telescope is probably not going to rewrite the science of astrophysics, its launch is historically significant. It indicates that Russia has just about recovered from the seventy-plus years of bankrupt communist rule that ended in 1990.
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“Re-election is the farthest thing from my mind.”
We need more elected officials like this:
“Re-election is the farthest thing from my mind,” said Representative Tom Reed, a freshman Republican from upstate New York. “Like many of my colleagues in the freshman class, I came down here to get our fiscal house in order and take care of the threat to national security that we see in the federal debt. We came here not to have long careers. We came here to do something. We don’t care about re-election.”
We need more elected officials like this:
“Re-election is the farthest thing from my mind,” said Representative Tom Reed, a freshman Republican from upstate New York. “Like many of my colleagues in the freshman class, I came down here to get our fiscal house in order and take care of the threat to national security that we see in the federal debt. We came here not to have long careers. We came here to do something. We don’t care about re-election.”
US might lose its top credit rating even if debt limit agreement is reached
The day of reckoning looms: The U.S. might still lose its top credit rating even if a debt limit agreement is reached.
The day of reckoning looms: The U.S. might still lose its top credit rating even if a debt limit agreement is reached.
Long, cramped road trips ahead for US astronauts
And in a related note: Long, cramped road trips ahead for US astronauts.
And in a related note: Long, cramped road trips ahead for US astronauts.
Being tone deaf is not a good way to fund a government space program
Yesterday the House appropriations committee’s released budget numbers that included no additional funds for commercial space, limiting the subsidies to $312 million, the same number as last year and significantly less than the $850 million requested by the Obama administration.
This is what I have thought might happen since last year. The tone deaf manner in which the Obama administration has implemented the private space subsidies is leaving all funding for NASA vulnerable.
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NASA stalls, Texas lawmakers fume
The law is such an inconvenient thing: In a bipartisan effort, Texas lawmakers roast NASA administrator Charles Bolden for not meeting mandated Congressional deadlines for Congress’s personally designed rocket, the program-formerly-called-Constellation.
The heavy-lift rocket and capsule that Congress insists NASA build is a complete waste of money and nothing more than pork. It will never get built, mainly because Congress has given NASA less money and less time to build it than they did for Constellation under the Bush administration. Unfortunately, the reason they continue to require NASA to build it is to provide pork to their districts.
In a perfect world this funding would be cut now, especially considering the state of the federal debt.
» Read more
Public debt and the peril of Obamacare
Public debt and the peril of Obamacare.
Countries with universal healthcare fall into two camps:
1. Totalitarian regimes like Cuba and North Korea, and authoritarian Third World countries in the Middle East and Africa.
2. Western nations that free-ride off of American military spending and its provision of international security, but nonetheless run unsustainable budgets with immense debts trying to pay for their social welfare states. [emphasis mine]
In other words, we had better repeal this monstrosity or we face economic collapse, probably preceded by a dictatorship.
Public debt and the peril of Obamacare.
Countries with universal healthcare fall into two camps:
1. Totalitarian regimes like Cuba and North Korea, and authoritarian Third World countries in the Middle East and Africa.
2. Western nations that free-ride off of American military spending and its provision of international security, but nonetheless run unsustainable budgets with immense debts trying to pay for their social welfare states. [emphasis mine]
In other words, we had better repeal this monstrosity or we face economic collapse, probably preceded by a dictatorship.
The First Rule of Liberalism: Government failure always justifies more government.
The first rule of liberalism: Government failure always justifies more government.
The first rule of liberalism: Government failure always justifies more government.
“Some of them seem to believe that the government can simply keep spending beyond its means forever with no negative consequences.”
House Budget Bill Would Leave it to NASA To Apportion Bulks of Cuts
The House bill that brings NASA’s budget back to 2008 levels essentially leaves it to NASA to figure out what to cut.
If true, what this means is that NASA itself will have to choose what it considers important. The one problem is that according to this article Congress is still requiring NASA to spend $3 billion on the program-formerly-called-Constellation. which gives the agency less flexibility in doling out the cash.
The House bill that brings NASA’s budget back to 2008 levels essentially leaves it to NASA to figure out what to cut.
If true, what this means is that NASA itself will have to choose what it considers important. The one problem is that according to this article Congress is still requiring NASA to spend $3 billion on the program-formerly-called-Constellation. which gives the agency less flexibility in doling out the cash.
Washington’s Never-Ending Scam of Fake Spending Cuts
Washington’s never-ending scam of fake spending cuts.
The politicians only get away with this because the press has let them. Which is why I always make reference back to past budgets to give some context to the so-called “cuts,” which often are exactly not that.
Washington’s never-ending scam of fake spending cuts.
The politicians only get away with this because the press has let them. Which is why I always make reference back to past budgets to give some context to the so-called “cuts,” which often are exactly not that.
Obama’s Stimulus Waste: $7 million per House on Internet Access
Obama’s stimulus bill: $7 million per house to provide seven homes internet access in Montana.
Obama’s stimulus bill: $7 million per house to provide seven homes internet access in Montana.
The Senate canceled its July 4th Break to deal with the debt and literally did nothing
Throw these bums out! The Senate canceled its July 4th break to deal with the debt and literally did nothing.
Throw these bums out! The Senate canceled its July 4th break to deal with the debt and literally did nothing.
More evidence the debt crisis is about to go critical
House proposes cutting NOAA by $103 million
More science budget news: The House today proposed cutting NOAA’s $4.59 billion budget by $103 million.
There already is some squealing about this (see the link above), but note that a $4.49 billion budget for NOAA would still be half a billion dollars more than NOAA’s 2008 budget, which is hardly what I’d call a draconian cut.
More science budget news: The House today proposed cutting NOAA’s $4.59 billion budget by $103 million.
There already is some squealing about this (see the link above), but note that a $4.49 billion budget for NOAA would still be half a billion dollars more than NOAA’s 2008 budget, which is hardly what I’d call a draconian cut.
House Spending Panel Flatlines NSF
More science budget news: The House proposes no budget increase for the National Science Foundation.
More science budget news: The House proposes no budget increase for the National Science Foundation.
House proposes to drop NASA’s budget to 2008 levels, eliminate Webb Telescope
The House today proposed cutting NASA’s budget back to 2008 levels while eliminating all funds for the James Webb Space Telescope.
As much as I’d hate to see the Webb telescope die, it has cost far more than planned, is way behind schedule, and carries a gigantic risk of failure. However, if I had a choice, I’d rather they cut the $1.95 billion for Congress’s homemade heavy-lift rocket, the program-formerly-called-Constellation. There is a much better chance that Webb will get completed, launched, and work, than there is for this improvised and impossibly costly Congressionally conceived rocket.
The House today proposed cutting NASA’s budget back to 2008 levels while eliminating all funds for the James Webb Space Telescope.
As much as I’d hate to see the Webb telescope die, it has cost far more than planned, is way behind schedule, and carries a gigantic risk of failure. However, if I had a choice, I’d rather they cut the $1.95 billion for Congress’s homemade heavy-lift rocket, the program-formerly-called-Constellation. There is a much better chance that Webb will get completed, launched, and work, than there is for this improvised and impossibly costly Congressionally conceived rocket.
“It sounds as if the package is going to be all spending cuts with a few symbolic revenue increases.”
Republicans May Take ‘Mini’ Debt-Ceiling Deal
Senator Jon Cornyn (R-Texas) suggested yesterday that the Republicans might take “mini” debt-ceiling deal.
Senator Jon Cornyn (R-Texas) suggested yesterday that the Republicans might take “mini” debt-ceiling deal.