White House Takes Dim View of Boehner Debt Plan

No surprise here: The White House takes a dim view of Boehner’s speech yesterday.

So my question here is there: Who is more serious about controlling spending, Obama and the Democrats or the Republicans in the House? Though it is very easy to find lots of reasons to criticize the various Republican proposals, at the moment they are the only proposals that are willing, even on a tiny level, to consider entitlement reform.

Pakistan cuts off nine foreign satellite news channels

Pakistan has cut off nine foreign satellite news channels, including the BBC, Voice of America, CNN, Fox,, NBC, CNS, IBN, Sky News, and Al Jazeera.

[Information Minister Firdous Aashiq Awan] said that certain violations had been observed in the past week’s coverage of the Abbottabad operation to kill al Qaeda chief Osama bin Laden. “They were spitting venom against Pakistan,” said the information minister.

FAA wants your opinion about commercial space rules

The government marches on! The FAA wants your opinion about its future commercial space regulations.

Or to put it another way, how to stifle a newborn in the womb. In 2004 I said the new law allowing this kind of regulation was going to hurt the new space industries. We are about to see, with the FAA’s regulatory effort here, exactly how that will play out.

And I don’t think it will be good.

The story behind China’s planned space station begins to emerge

The story behind China’s planned space station begins to emerge.

China first said it would build a space station in 1992. But the need for a manned outpost “has been continually contested by Chinese space professionals who, like their counterparts in the United States, question the scientific utility and expense of human space flight”, says Gregory Kulacki, China project manager at the Union of Concerned Scientists, headquartered in Cambridge, Massachusetts. “That battle is effectively over now, however, and the funds for the space station seem to have been allocated, which is why more concrete details are finally beginning to emerge.”

Though I am always skeptical of comments from the Union of Concerned Scientists, in this case Kulacki makes sense. He also illustrates a further example of what I wrote in 2005, “After more than 40 years of debate, the argument is over and the supporters of manned spaceflight have won.”

White House modifies Osama bin Laden account

Multiple stories and contradictions from the White House over the details of Osama bin Laden’s death.

Idiots. The worst thing they could do is not get the story straight. By backing off from their original description of the attack on bin Laden’s compound the White House will only fuel conspiracy theories in the Middle East, where such things are rampant.

Is is too hard to find out what happened, then describe it accurately the first time? Or is exaggeration and lying so routine for these White House political appointees that even here they can’t resist embellishing the truth unnecessarily for political spin?

As I said, idiots.

Earth Day predictions from 1970

The predictions of disaster from the first Earth Day, 1970. I especially like this one:

Demographers agree almost unanimously on the following grim timetable: by 1975 widespread famines will begin in India; these will spread by 1990 to include all of India, Pakistan, China and the Near East, Africa. By the year 2000, or conceivably sooner, South and Central America will exist under famine conditions. . . . By the year 2000, thirty years from now, the entire world, with the exception of Western Europe, North America, and Australia, will be in famine.” Peter Gunter, professor, North Texas State University [emphasis mine]

A consensus was reached and the science was settled!

Remember this the next time some blowhard global-warming pundit tries to claim “the science is settled” today.

No deal

No deal. Key quote:

If Democrats are not going to do even minor surgery on Medicare and Medicaid and Republicans are not going to raise taxes, there is no hope of big budget deal to cut a deficit now running at 11 percent of gross domestic product.

And that raises another question. How long can the Federal Reserve continue financing these deficits? China, choking on U.S. debt, is reportedly beginning to divest itself of U.S. bonds. Japan will need to sell U.S. bonds to get hard currency to repair the damage from the earthquake and tsunami. And the Fed is about to end its QE2 monthly purchases of $100 billion in U.S. bonds. Where is the Fed going to borrow the $125 billion a month to finance this year’s deficit of $1.65 trillion, and another of comparable size in 2012? Bill Gross’ Pimco, the world’s largest bond fund, has sold all his U.S. bonds and begun to short U.S. debt. Pimco is betting that the value of U.S. Treasury bonds will begin to fall.

We may be about to enter a maelstrom.

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