Budget: December 2008 Archives

Bailouts Cost More Than All U.S. Wars and Many Big Programs Combined, PR Newswire

"Casey Research has analyzed the costs of the government bailouts of the housing crisis, the credit crisis and others and has concluded that the total is $8.5 trillion - more than the cost of all U.S. Wars, the Louisiana Purchase, the New Deal, the Marshall Plan and the NASA Space Program combined. "When we consider the costs of these programs, even when adjusted for today's dollars, we see that our most expensive government efforts of the past were relative bargains and that we are wasting a terrible sum of money with the current bailout," said Olivier Garret, CEO of Casey Research."

Budget Update

AIP FYI #113: End of Appropriations Cycle in Sight

"NASA: Both committees approved their bills, but only the Senate has released its report. Senate appropriators recommended an increase of 2.8 percent in NASA's budget, but recommended a 3.9 percent funding reduction for Science."

Budget Outlook

Lawmakers hope alliances will avoid deep space cuts, Houston Chronicle

"The trick will be to show what manned space flight can do for the nation, rather than what the nation can do for manned space flight," said Pace, a former NASA associate administrator. ... With difficult times facing the space agency, critics such as Alan Stern, an astrophysicist who served as an associate administrator, are raising questions about the agency's habits. Stern sees "a NASA culture that has lost control of spending." "The costs of badly run NASA projects," he added in a New York Times op-ed article, "are paid for with cutbacks or delays in NASA programs that didn't go over budget."

Stimulus Plan - and NASA

Stimulus can help NASA reach goal, op ed, Houston Chronicle

"... opportunities may exist if these decisions are placed in a broader context and seen as a complement to addressing the financial crisis the nation is now facing. One of the first orders of business for Congress and our new president will be to take up a new stimulus plan in the next session that could rival the cost of the recent $700 billion financial bailout. The Obama space policy provides a blueprint for leveraging increased NASA funding to meet the new administration's broader economic, innovation and environmental goals. Key areas for stimulus investments might be: ..."

AIP FYI #110: Senate Economic Stimulus Bill Includes New Science Funding

"NASA: "For necessary expenses, not otherwise provided for, in carrying out return to flight activities associated with the space shuttle and activities from which funds were transferred to accommodate return to flight activities, $400,000,000, with such sums as determined by the Administrator of the National Aeronautics and Space Administration as available for transfer to 'Science', 'Aeronautics', 'Exploration', and 'Space Operations' for restoration of funds previously reallocated to meet return to flight activities."


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This page is an archive of entries in the Budget category from December 2008.

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