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90% of Nuclear Regulators Sent Home Due To Shutdown
An anonymous reader writes "More than 90% of nuclear regulators are being sent home due to the Federal Government shutdown, as the agency announced today that it was out of funds. Without Congressional appropriations, the nuclear watchdog closes its doors for what appears to be the first time in U.S. history. CNN reports that while a skeleton crew remains to monitor the nation's 100 nuclear reactors, regulatory efforts to prevent a Fukushima-like incident in the United States have ceased."
The idea that anything bad could happen is just crazy talk. This is the United States!
The cow says "Moo." The dog says "Woof." The Timothy says "Thanks, valued customer. We appreciate your input."
If your nuclear systems become unsafe in under 30 days, are they really safe at all?
Sounds like the NRC should be funded solely by fees paid by the companies they regulate.
Another way to look at this, is that the NRC determined it only needs 10% of it's work force for 'essential' operations. Makes me wonder why we pay for the other 90%.
Also, it's amazing to go through the list of government services and see which shutdown and which remain open. Often the ones remaining open work off of 'user' fees. For example, certain meat packing plants pay for food and safety inspectors being on site. Passport fees will keep most passport operations flowing.
One wonders why that power plan companies don't simply pay the NRC directly, like food inspectors.
This fee system seems like an elegant way to run a business....
-Malakai
A Dragon Lives in my Garage
Sadly, we'll pay all the back-pay, so it's really just a free vacation for more federal workers.
The ones who have to stay on their jobs with no pay really get the short end of the stick. Should given them a 33% bonus, and if they do a good job, should fire the workers they made up for.
-Malakai
A Dragon Lives in my Garage
Technically, the Federal Government takes in more than enough to pay the interest and principal payments on the debt every month. I love how everyone pretends that's the first thing to get screwed, when the reality is that there are a lot of other agencies, programmes, and other entities and expenditures that disappear before we "default". All this talk about "default" and "full faith and credit" has been nothing but dishonest propaganda.
In SOVIET RUSSIA... erm...NSA AMERICA, the Internet logs onto YOU!
I'm not sure you understand the constitution if you don't understand how passing a non-omnibus appropriations bill works.
In SOVIET RUSSIA... erm...NSA AMERICA, the Internet logs onto YOU!
"The Debt Ceiling can remain ignored for months."
It has been. The actual "Debt Ceiling" was reached back in May. But Lo! and behold! The government found some "extra cash" lying around, and managed to survive until now anyway. Of course you don't hear about this on the news.
"The government takes in enough tax revenue each month to pay the interest on bonds many times over. There is zero possibility of the government 'defaulting' and wiping out their credit rating."
The default scare is just another Big Lie. First, the government HAS defaulted on its debt before. The most recent time I know about was when Nixon nixed the Bretton Woods system in '71, eliminating any last vestige of a gold standard. The dollar (in International Trade) was almost instantly devalued, which for all practical purposes was a default on large portion of the huge foreign debt. In fact, that's why he did it: the U.S. government did not have enough money (including for repaying debt), by virtue of its gold reserves, to cover its exorbitant spending.
Second: not raising the debt ceiling will not automatically lead to a default. The government would simply have to spend less money! Of course, Obama has been showing that he'd rather cut spending on things The People find valuable (or are scared into thinking are essential), than cut spending on things that actually make sense.
If the debt ceiling is not raised we will default. That puts it on the table. If a single bill goes unpaid we are defaulting. It doesn't matter if it's a bond or a social security check. The market will treat it the same and it's going to be catastrophic. We run the risk of a collapse of the entire world economy (which is predicated on the stability of the US bond market).
Treasury has no way (without rewriting their entire software that controls the payment system) to sort payments by type. They would have to sort manually and with millions of payments due every single day it would take thousands of people to sort them all and pay only one type.
People that are downplaying default don't know what the fuck they are talking about. You want an example of default, refer to Argentina. They defaulted almost a decade ago and they STILL can't borrow money. Every single thing they import must be paid for with hard currency extracted from products they sell to other nations. Much like Venezuela they have shortages, business can't get parts and a whole host of problems that would make living there hellish. The US has a import/export deficit of several hundred billion dollars a month. That means all that stops, nothing will be imported without a corresponding export of equal value. Do you have any idea how much that would impact the world economy let alone the US economy? It would lead to a recession that would be WORSE than 2008. In fact we probably wouldn't recover from it without a big fucking world war again.
Maybe I'm being paranoid but you are seriously playing down severe risks. If we default (meaning we don't pay a bill when required) we are looking at a severe recession with high double digit unemployment that will make the last few years of 12% unemployment look like a picnic.
Actually, the House has passed a number of budgets. All have been shot down by the Senate or have not been brought to a vote. Even if they had been accepted by the Senate they would be vetoed by Obama.
There hasn't been a real budget passed pretty much since Obama took office. The old budgeting model was to have a budget for each individual agency or, sometimes, groups of agencies. The last few years have seen continuing resolutions; its very name tells you what it is: a resolution to continue last year's spending with no formal budgeting process.
What the House is attempting now is a combination of old fashioned budgeting with the current continuing resolution model - pass an individual continuing resolution for each department. The Senate is rejecting those.
The house has passed the exact same sane bills that would be in a clean cr excep separated from a single cr.
How that is not sane is beyond me. Please explain what you think is sane.