NASA and Big Banks – Still Report
Interesting report from Bill Still. The end of NASA could mean the end of our commitment to advanced technology as the international banking cartel sucks the life out of America.
Society is moving backwards because it is unable to collectively figure out that our nation does not need to borrow money from private banks since we have the sovereign power to issue it for free. In this strange paradox, advanced technology dies because people cannot figure out something this simple.
We can bailout the big banks, but we can’t fund Nasa, unbelievable. I live in the heart of the Nasa’s Johnson Space Center community and the collective depression over this funding re-appropriation is devastating. The viability of my local economy is really threatened by these politics.
Ph.D’s delivering pizzas, while the bankers in NYC are enjoying their bonuses. Hell, the collective Christmas bonuses of the top 5 insolvent financial firms could have funded the Constilation and Shuttle programs for several years. Pathetic.
Not to worry Komrads
The government is looking to go for broke on “correct” projects such as:
New and Improved Health Care “reform”
Pork Barrel cash for all party member requests.
If only Congress had the ability to print money itself, voila! We will have a new and improved government.
Then we could fix and expand all of the above pronto! Read my lips: No New Inflation.
I say remove Ben from the US Treasury payroll now and put Pelosi in.
Great read, in a “that really sucks” framing. Thanks.
You have a good grip on history – can you recall any other time in US or any other country when a forward leaning technological pursuit (like NASA) was terminated preventing the spiral development that would have resulted?
I can’t think of anything quickly.
Looking back to the Manhattan Project and (for better or worse) all of the new sciences and applications that followed, I can’t for the life of me figure out why all of these Ivy League idiots (apologies to strabes) running the country would take a chain saw to NASA.
As much as it pains me to say it, in the wake of our current fiscal crisis I could accept cuts and tough limits on the NASA budget… if all other gov’t spending did likewise. But the simple fact is that for those in charge, the space program is simply not a priority, unlike the too big-to-fail financial giants and banks. I don’t think deficit spending leading to bankruptcy is a good thing in any case, but if it’s already inevitable I would at least like to see that last splurge of cash go towards something tangible and of some potential benefit. Better to be broke with something to show for it (whether it’s an improved space launch/exploration capability or an improved energy grid or better mass transit) than to be broke without a proverbial pot to piss in.
I have to admit I’m biased on this subject. I turned my life upside down and borrowed a painful amount of money to get my engineering degree in this field, and NASA is/was one of the places I had my heart set to work for. When I got my degree in ’05 there wasn’t much available on the entry level side, so I accepted a job elsewhere and figured with a few years of experience I’ll have much better prospects. Yet between then and now NASA’s prospects have only gotten worse, and worsening job prospects outside of NASA have got me now working in a largely unfulfilling job that’s barely related to my degree. As Jeff said there are lots of unemployed engineers out there that are far more experienced and qualified than I am who are looking for the same sort of work (or any other kind really), and I expect this will only get worse as time goes on. I am certainly lucky that I at least have a job even if the job satisfaction is lacking, but it’s still disheartening to know that my chances of pursuing my career goals in my country is remote. Most of the remaining opportunities seem to be defense-related, and while I do believe there are some defense programs, space-related and otherwise, that are worthwhile, it simply is not what I want to build my career on. NASA in it’s current form is far from perfect but it still does amazing things, and could be so much better if it was truly made a national priority (and if politicians didn’t meddle quite so much in its operations).
Sadly I think Bill Still is right, and that many people like myself will leave for greener pastures. It’s sad that the nation showing the greatest amount of determination and progress in advancing their space program, China, also happens to have zero appreciation for personal freedoms/liberties and a horrendous track record of human rights abuses. Not the kind of place in which I wish to live or donate my time and energy, yet I’m sure some engineers would accept a job in China. Many more would jump at the chance to work in the space programs in the EU or Japan or India. And as much as it pains me to say it, if I see the right opportunity I might end up being one of them.
wow……. trillions to fund all the crap that should never have been funded in the first place, and nothing for NASA.
The kicker to me is that it is being funneled over to “proving that global warming is real…”
I gotta say, if I was in your shoes having the degree and/or an extensive engineering backround, I would absolutly jump at a shot to work over seas…..provided it was a decent opportunity, and considering whats happening with NASA it wouldnt surprise me at all if many of the PhD’s did the same. Infact, some may feel it is a stretch, but, in my eyes, it would be the next logical place to look for this field of work.
The goal is not to prove global warming is real but to better understand global climate change. I would have thought that was far more important than manned space flight.
nickbert – when I was young, NASA caught the imagination of many who no doubt moved to the sciences as a result. Exploring space was an adventure and it seemed to be our responsibility to move mankind forward into the future.
JAG – not only are jobs lost but darned good ones.
Dogs – I guess lots of civilizations have collapsed quickly after being beaten in conquest. Ours was different, the conquest of our civilization came from within. In a way, the new health care bill is related as people are secondary to monopoly. I think many doctors will leave and technical innovation will slow to a trickle.
that1guy – it’s darned hard to understand. We don’t even pretend to discuss priorities anymore as governBank dictates more and more. I suggest we stop all foreign aid to Israel, Egypt, Pakistan, etc., if we are this poor.
Or better yet, fire the Fed and create and issue our own money. There is no logical reason for a national debt or federal income tax. There is no reason for young Americans coming into the world heavily in debt. I hope many stop and think about that after this important Still report.
I agree with Nickbert. Although NASA provides some wonderful spinoffs and technological advances, I’m not sure all of the missions are cost effective. They remain, however, far more cost effective than the most “efficient” bailout program…If all the bailouts and welfare for the corrupt programs were ended and we were still looking at NASA with BHO’s “surgical scalpel,” I would restructure the program to work towards a unified goal and an achievement that is also visibly noteworthy. I think the greatest advancements and successes of NASA were in the 1960s when there was a unified goal of putting a man on the moon. We succeeded, and didn’t seem to have so many problems with converting English <-> metric back then. I like the idea of a Mars goal, but I think we should focus NASA on that (very visible and very worthy) goal.
Like Nickbert, I’m a recent engineering grad. It is programs like a Mars mission that excites students to become the next great engineers. Concentrated funding here will develop new technologies the same way that the Manhattan Project developed our knowledge of nuclear physics. I only graduated a few years ago, but if I were just entering engineering school in the USA now, I would enter with a vision to find a good job overseas. I’m not talking about “bugging out,” I’m talking about just following high quality, interesting engineering jobs. Our economy is so gutted at this point with such contractions in manufacturing and infrastructure that not only are blue collar jobs lost, but engineering talent is rapidly disappearing as well.
I know that a great deal of undergrad engineers are choosing to get MBAs for the explicit purpose of entering the financial “industry.” The equations are the same in both, but GS pays far more than GM. Not to toot my own horn here, but is this really the message that America wants to be sending to our upcoming technical experts??? Do we want to concentrate international finance even more within our borders at the expense of dissipating our engineering talents??? Even if we do benefit from financial services, can more money make more oil come out of the ground when all is said and done??? Was this recession caused because we had a euphoric increase in the number of engineers and exotic but unnecessary engineering innovations??? Or does this description apply to finance???
FWIW, a Nov. 2009 Gallup poll indicated that 62% of the public believed engineers had “very high” or “high” ethical standards. The corresponding number for stockbrokers was 9%. Members of Congress were 9% as well, for reference. The relevant link is here:
Larry – Of course we should fire the Fed and issue debt free money, but when JFK tried this, he was errr, fired. Fear is a major hurdle the public will need to help politicians with by showing strong support. That is why grass rooters – like you – are needed.
Before I took the red pill, there was something that intuitively bothered me about all of our financial aid programs to Africa. I was aware of all the poverty and suffering within our own country and all of the many deficiencies we had. Helping Africa didn’t seem selfless to me, it seemed senseless and masochistic to ourselves. Further, something about all of our outflows directed by unscrupulous politicians had me skeptical. Even mother Teresa needed to meet her basic needs before she could help others. Perhaps nations are the same way. Don’t get me wrong, I think it’s wonderful to give of yourself to assist others.
But at a national agenda level, I have big questions as to how the same politicians that aid Africa are also the same politicians that provide “aid” to Lloyd Blankfein and company. Oops, that’s right, they are doing God’s work. Funny that “God’s work” looks so much different when Mother Teresa does it. Also, how can we justify using our tax money to assist people overseas when 1/4 of adults in America are on food stamps and California has tent cities springing up?? What we are doing is akin to ignoring our family in the hospital with life threatening illness in order to donate all of our time and savings to the hobo across the street. While we could try to argue that we are doing something good, I believe that we have a primary responsibility to our own families (and that the national level our own nation).