Debt now equals total U.S. economy
Debt now equals total U.S. economy. And that’s according to the Obama administration!
Tag: policy
Bernanke to Congress: We’re Much Closer to Total Destruction Than You Think
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.
Orion spacecraft shipped to Lockheed’s Jeffco facility.
Even as Congress argues over NASA’s budget, Constellation marches on! The first completed Orion capsule was shipped from the factory yesterday to undergo tests.
Cutting the Full $100 Billion
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.
Republicans in House want to shift NASA’S climate funds back to Manned Spaceflight
The space war over NASA continues: A group of House Republicans want to cut NASA’s climate research budget — increased significantly by Obama — and put it back into manned spaceflight.
Are Health-Care Waivers Unconstitutional?
Are the more than 700 waivers to Obamacare that the Obama administration has handed out unconstitutional? The final paragraph sums it up well:
Waivers can be used for good purposes. But since the time of Matthew Paris [around 1251], they have been recognized as a power above the law — a power used by government to co-opt powerful constituencies by freeing them from the law. Like old English kings, the current administration is claiming such a power to decide that some people do not have to follow the law. This is dangerous, above the law, and unauthorized by the Constitution.
The top five Obama regulations that American businesses hate most
The top five Obama regulations that American businesses hate most. Note that 3 of 5 concern the EPA.
Twenty-one governors tell Obama Administration how Obamacare will cripple their states
Repeal the damn law! Twenty-one governors have sent a letter to the Obama Administration, describing how Obamacare is going to cripple their states.
Democratic senators from New Jersey propose new rail tunnel plan
The two Democratic senators from New Jersey have proposed a new NY-NJ rail tunnel plan in response to the one that Governor Chris Christie canceled.
These pigs just don’t get it: The government is broke, it has no money for this stuff.
House committee to review NASA budget
The first post-2010-election House appropriations committee hearing on NASA’s budget will take place this week. Key quote:
“The goal of the hearings is to help identify top management challenges and find ways to eliminate waste, fraud and abuse in these respective departments and agencies,” the chairman of the CJS subcommittee, Rep. Frank Wolf (R-VA)
Bernanke headlines a day of grim warnings about the nation’s fiscal standing
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.
Should the U.S. agree to the European code of conduct in space?
Should the U.S. agree to the European Union’s space code of conduct?
Senate Rejects Full ObamaCare Repeal but Votes To Kill ‘1099’ Provision
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?
Harry Reid confronted in supermarket over lack of Obamacare repeal vote
Senator Harry Reid (D-Nevada) was confronted in a supermarket on Saturday over his refusal to allow a vote on the repeal of Obamacare.
Senate vote to repeal Obamacare could come this week
A Senate vote to repeal Obamacare could come as early as this week.
Repeal it already! From the courts to the White House, everyone knows this law is a turkey.
Poll finds that an overwhelming majority of Americans from both parties want politicians to heed the ‘tea party’
Surprise, surprise! A poll has found that an overwhelming majority of Americans from both parties want politicians to pay attention to tea party demands.
White House quietly exempts friends from Obamacare
Repeal the damn bill! And even the White House agrees as it quietly exempts its political friends from Obamacare. Key quote:
How can you get your own free pass from Obamacare? Maybe you can just donate $27 million to President Obama‘s campaign efforts. That’s what Andy Stern did as president of SEIU in 2008. He has been the most frequent guest at Mr. Obama‘s White House.
ObamaCare Waivers Jump from 222 to 729 Covering 2.2 Million Employees
Repeal the damn bill! The number of companies who have received waivers from ObamaCare has jumped from 222 to 729, and now exempts over two million employees.
If the bill was so great, why are more and more companies trying to get out of participating?
Wayne Hale nails NASA’s biggest spaceflight problem
Wayne Hale nails NASA’s biggest spaceflight problem. Key quote: “We always stop.”
Verizon challenges FCC’s net neutrality rules
Verizon filed a legal challenge on Thursday of the FCC’s attempt to establish net neutrality rules, taking their suit to the same federal court that last year ruled the FCC did not have the legal authority to do so.