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Title: GOP Budget Cutters on NASA: 8%…50%…It’s All Good
Source: parabolicarc.com
URL Source: http://www.parabolicarc.com/2011/01 ... p-budget-cutters-1850its-good/
Published: Jan 19, 2011
Author: Doug Messieron
Post Date: 2011-01-28 11:55:34 by Godwinson
Keywords: NASA
Views: 51936
Comments: 60

GOP Budget Cutters on NASA: 8%…50%…It’s All Good

Republican budget cutters are preparing to take an axe to the federal budget trunk — and anyone (low- income students, rocket scientists, the newly disabled) who gets in the way. It’s part of an effort to fulfill a campaign promise to cut $100 billion from domestic discretionary spending.

Just how bad would the cuts be for NASA? Legislators are actually targeting $84 billion in cuts, a reduction of 18 percent that would return spending to 2008 levels. NASA’s funding would be cut about 8 percent from $18.93 billion to $17.4 billion. However, some Republicans outside of government are advocating a much steeper reduction — by 50 percent to $9.47 billion.

The Los Angeles Times reports:

“A return to 2008 levels would mean significant cuts for lots of programs favored by Republicans, including an 8 percent cut to NASA, a 16 percent cut for the FBI and a 13 percent cut in the operating budget of the national parks…

Republicans in Texas, Florida and Alabama — where NASA facilities mean thousands of jobs — are sure to fight against cuts to the space agency. NASA could have to abandon the International Space Station because of the cuts, the White House warns.”

Meanwhile, former Congressman Dick Armey believes the proposed cuts are far too low. In a Wall Street Journal op-ed co-authored with FreedomWorks President Matt Kibbe, Armey argues that NASA’s budget should be cut by 50 percent, saving $90 billion over a decade.

While such a drastic cut is unlikely, NASA is facing considerable budget pressures as legislators focus on getting the federal deficit under control. Asked about the space agency’s budget prospects earlier this week, NASA Administrator Charles Bolden replied:

“That’s hard to say. I’ll be able to answer that question for you better in the middle of February, when we get our budget. It would be premature for me to try to guess. It may be that the Congress decides that they really think exploration is really important … and we’ll find the level of funding is OK.”

We’ll see what happens.

Postedby Doug Messieron January 19, 2011, at 12:11 pmi

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Begin Trace Mode for Comment # 27.

#6. To: Godwinson (#0)

Republican budget cutters are preparing to take an axe to the federal budget trunk — and anyone (low- income students, rocket scientists, the newly disabled) who gets in the way. It’s part of an effort to fulfill a campaign promise to cut $100 billion from domestic discretionary spending.

Pure bullshit.

The facts are very simple:

1. We have NO more money.

2. We've maxxed out all the credit cards.

3. We can't make minimum payments on the credit cards.

4. We pissed away our earning potential ("outsourcing," off-shoring and free trade pacts, dontcha' know).

5. We can't be "livin' large" anymore.

6. There's no more money for charity (like government parasites, rocket scientists, the newly disabled and low-income students).

Conclusion? There's nothing LEFT to spend.

What part of this do you NOT understand?

Capitalist Eric  posted on  2011-01-28   12:20:32 ET  Reply   Untrace   Trace   Private Reply  


#8. To: Capitalist Eric (#6)

We have NO more money.

That's right we 99% don't have any money. Tax the 1% rich who took 4/5th of our wealth and we have plenty.

What part of this do you NOT understand?

Godwinson  posted on  2011-01-28   12:32:28 ET  Reply   Untrace   Trace   Private Reply  


#21. To: Godwinson (#8)

That's right we 99% don't have any money. Tax the 1% rich who took 4/5th of our wealth and we have plenty.

What part of this do you NOT understand?

I understand your point perfectly. And on the surface, it seems reasonable...

But let's examine your point a little more closely, shall we?

From http://www.kitco.com/in d/Dougherty/jan222010.html:

"as of September, 2009.... America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP.

In other words, you could take ALL money and sellable assets that are held by individuals in the U.S., and the USA is still bankrupt. Remember, total debt is > $120T

It is estimated that the top 1% of Americans control roughly 40% of the nation’s wealth. In other words, 3 million people own $21,400,000,000,000.00 ($21.4 trillion) in net private assets...

Follow along here... the total debt is $120T, and the total assets held by the top 1% is $21.4T. This means, if we go with your logic, they'll reduce our total debt to only $100T.

Wow, what a GREAT idea! We'll still be bankrupt, but we FEEL better about our bankruptcy, yeah???

But there's another flaw in your proposal:

If the government decides to expropriate (steal) or commandeer (e.g., force into Treasuries) America’s private wealth in order to buy survival time, such a measure will be designed to destroy the common citizens, not the elite. Insiders will be given advance warning about any such plan, and will be able to transfer their money offshore or into financial vehicles immune from harm. Assuming that the elite moves its money to safety, there would then be $120,000,000,000,000.00 ($120 trillion) in American debt and liabilities supported by only $32,000,000,000,000.00 ($32 trillion) in private net worth, for a deficit of $88,000,000,000,000.00 ($88 trillion). In that case, each American would owe $285,714.29 to balance the country’s books. (Remember to multiply this amount by every person in your household, including any infant children.)

If the common people suspect that something diabolical was in the works, a portion of the $32 trillion in non-elite wealth could be evacuated as well prior to a government expropriation and/or currency devaluation, resulting in less money for the government to steal. What these statistics mean is that it is absolutely impossible for the government to fund its debt and deficits, even if it steals all of the nation’s private wealth. Therefore, the government’s only solutions are either formal bankruptcy (outright debt repudiation and the dismantling of bankrupt government programs) or unprecedented American monetary inflation and debt monetization. If the government chooses to inflate its way out of this fiscal catastrophe, the United States dollar will essentially become worthless. You can be absolutely certain that a PhD. in economics, such as Dr. Bernanke, is well aware of these realities, despite what he might say in speeches. For that matter, so are Chinese schoolchildren, who, when patronized by Treasury Secretary Geithner about America’s “strong dollar,” laughed in his face. One day, perhaps America’s school children will receive a real education so that they, too, will know when to laugh at absurd propaganda.

Before you start your knee-jerk responses (which really, are the talking-points of socialist organizers), I challenge you to disprove any of the points I've made.

In other words, stick to FACTS.

Can you DO that??????

Capitalist Eric  posted on  2011-01-28   13:55:08 ET  Reply   Untrace   Trace   Private Reply  


#27. To: Capitalist Eric, go65, lucysmom (#21) (Edited)

In other words, you could take ALL money and sellable assets that are held by individuals in the U.S., and the USA is still bankrupt. Remember, total debt is > $120T

Stupid math. That is like challenging someone with a 30 year mortgage to liquidate all his assets to pay off the debt before the mortgage is due.

The debt would be reduced yearly over time through higher taxes on the rich while investing in job creating programs to boost the middle class.

You can do other things as well like punish companies for firing workers if they are making a profit.

If an employee has worked for over a certain number of years at a place like say 10 years and is over the age of 50 and is fired when the company is making money then the company has to pay his salary until he retires. The company does not like it tough. If it outsources causing them to lose jobs, they pay the salaries of the laid off from 5 years to life depending on the age of the worker (younger workers are more employable and can learn skills easier than the old) or they don't do business in America. If they decide not to do business in America to avoid and wortk via another firm that then does business with America that secondary firm is liable.

Do that and no more lay offs in good economic times as was happening in the 90s and the 00s so they can send the stocks up on Wall Street so CEOs can cash in on stock options and bail.

Godwinson  posted on  2011-01-28   14:54:12 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 27.

#29. To: Godwinson (#27)

Stupid math.

Now you're saying that math is "stupid" because you don't like the answer....

Now THAT is funny!!!!!!

Capitalist Eric  posted on  2011-01-28 15:03:23 ET  Reply   Untrace   Trace   Private Reply  


#31. To: Godwinson (#27)

Stupid math. That is like challenging someone with a 30 year mortgage to liquidate all his assets to pay off the debt before the mortgage is due.

Is this really the argument he's making? That anyone who's debts are larger than their assets is bankrupt?

And now you know why I put him on filter. Please don't feel the need to ping me to responses to Eric's idiocy.

go65  posted on  2011-01-28 15:12:23 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 27.

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