Obama sends Congress his $3.73 trillion budget proposal.
Note that today is budget announcement day in Washington. The Obama administration is releasing its proposed federal budget for 2012, available for Congress to accept, revise, reject, change, or ignore. More shortly on what this means for NASA.
Debt now equals total U.S. economy. And that’s according to the Obama administration!
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.
House Republicans propose even deeper NASA cuts.
The government free ride is ending. If you want us to go into space, you better consider buying a ticket.
Keep those cuts coming! The House GOP today released its 2011 spending bill, claiming to include $100 billion in cuts. It seems that everyone gets hit, even defense. Worst hit, however, is EPA, with a 29% reduction from its 2010 budget.
You can see the summary here. [pdf]
Here’s some corporate madness: Walmart has fired four security guards because they disarmed a shoplifter who pulled a gun on them.
Our government in action: A Palm Beach County man was scolded by his local government for organizing a clean up of trash on private properties.
The new space race: Boeing and Indian space agency are discussing a possible manned mission.
Now for some squealing from the “press”: Tea Party freshmen may rue $100B in cuts. I like this comment in response to the story:
Where was the press when Democrats passed $800 billion in useless stimulus? Where were they when unemployment shot up and over the 8% limit Democrats said we would reach without the lame stimulus? They sure jump up when you come up short on $100 billion in cuts…good luck and go after entitlements, please.
Change! The House kills a decades-old $2.4 billion pork program. Key quote:
The Trade Adjustment Assistance program dates back to the Kennedy-era Trade Expansion Act of 1962 and was expanded under the 1974 Trade Act, signed into law by Gerald Ford. It was the kind of bipartisan program thought to be bulletproof. In the last session, it went from a small program, designed to aid workers displaced by foreign trade, to a huge $2.4 billion pork program providing laid-off workers with 156 weeks of “income support,” subsidies and even education.
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.
