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Plan kills investors confidence causes government interest rates to skyrocket

White 2011, economics professor at George Mason University (Lawrence H. White, Harvard Alumni,

associate editor of the Review of Austrian Economics, contributing editor for The Freeman magazine, adjunct scholar of the Cato Institute. From Pleasant Deficit Spending To Unpleasant Sovereign Debt Crises from The Clash of Economic Ideas, Mercatus Center, April 2011) Some members of the U.S. public, an agency of the federal government, and at least one bond rating firm became concerned. New federal spending programs (financial and auto industry bailouts, porkfilled stimulus, Obamacare) and ballooning debt helped to trigger the Tea Party protests of 2009 and 2010 against what was seen as fiscal irresponsibility. The Congressional Budget Office warned in its July 2010 report: Unless policymakers restrain the growth of spending, increase revenues significantly as a share of GDP, or adopt some combination of those two approaches, growing budget deficits will cause debt to rise to unsupportable levels . What had happened in Greece and Ireland might then happen in the United States: A growing level of federal debt would also increase the probability of a sudden fiscal crisis , during which investors would lose confidence in the governments ability to manage its budget , and the government would thereby lose its ability to borrow at affordable rates .

Economic collapse
Robert Morley, The Trumpet Print, February 2011 edition (America: Only Two More Years?, http://www.thetrumpet.com/index.php?q=7756.0.131.0) As international investor Jim Rogers noted December 7, There comes a time when people say Im not going to lend you any more money. When that day arrives, America will not be a place many people recognize . Prepare for This Scenario One day, America will wake up to the news of a failed U.S. government debt auction. Lenders will have had enough. Though many people will be oblivious for a short time, those in the know will rush to the stores to buy everything they can get their hands ondiapers, alcohol, beans, bullets. They will be the lucky ones. Some will turn to gold and silver, but that will only help for so long. Shortages will soon be reported and become endemic . Attempting to calm markets, the Federal Reserve will announce another round of money printing, but this time it will have the opposite effect. The dollar will plunge in value, the Dow Jones will plummet and officials will lock down stock markets . Without access to debt, Wall Street will experience a chain of unstoppable domino failures . Consumer spending will sharply contract. Import prices will soar. Sales will dry up, and indebted corporations will stop sending out paychecks . America will grind to a halt. That is when the anger will surface. Debt-financed materialism will have transformed from the glue precariously sticking the system together to the agent of its sudden death. What then will hold society together?

Space debris are on the brink nowthe plan is enough to guarantee a collision Blake, 11
Blake, investigative reporter for The Daily Telegraph, 11 [Heidi, The Daily Telegraph, 2/1, http://www.telegraph.co.uk/journalists/heidi-blake/]
The volume of abandoned rockets, shattered satellites and missile shrapnel in the Earths orbit is reaching a tipping point and is now threatening the $250 billion (174bn) space services industry, scientists said. A single collision between two satellites or large pieces of space junk could send thousands of pieces of debris spinning into orbit, each capable of destroying further satellites. Global positioning systems, international phone connections, television signals and weather forecasts are among the services which are at risk of crashing to a halt. This chain reaction could leave some orbits so cluttered with debris that they become unusable for commercial or military satellites, the US Defense Department's interim Space Posture Review warned last year. There are also fears that large pieces of debris could threaten the lives of astronauts in space shuttles or at the International

The plan defunds Earth science new space research empirically trades-off Berger, 5
[Brian, Space.com Staff Writer, 02 May 2005, NASA's Exploration Focus Blamed for Earth Science Cuts, http://www.space.com/1028-nasa-exploration-focus-blamed-earth-science-cuts.html] WASHINGTON -- House Science Committee Chairman Sherwood Boehlert (R-N.Y.) expressed alarm over recent budget cuts and delays in NASA's Earth science program that a recent National Research Council report attributed to the U.S. space agency's shift in focus toward lunar and Mars exploration . "This report has to be a red flag for all of us," Boehlert said during an April 26 hearing examining how Earth science programs fare in NASA's 2006 budget request. "We need to stop, examine what's happening, and make sure that the fiscal 2006 budget for NASA - whatever its top-level number - includes adequate funding to keep Earth science moving forward for the foreseeable future." NASA merged its Earth science and space science programs into a single organization, the Science Mission Directorate, in 2004 and no longer maintains separate budgets for the two activities. But according to a House Science Committee analysis of NASA's budget request, of the $5.47 billion included for the Science Mission Directorate, only $1.36 billion would be spent on Earth science activities, a drop of 8 percent below the 2005 level and 12 percent less than the 2004 level. Earth science spending would continue to decline in 2007, NASA projections show, even as overall science funding would grow by $500 million. The National Research Council report, written by an expert panel and released the day of the hearing, says the budget trend for Earth science already is translating into program delays and cancellations. The report, "Earth Science Applications from Space: Urgent Needs and Opportunities to Serve the Nation," points out that NASA has "canceled, descoped, or delayed at least six planned missions" and has nothing in the pipeline to replace the fleet of Earth Observing System satellites the agency has spent more than a decade putting on orbit. "At NASA, the vitality of Earth science and application
programs has been placed at substantial risk by a rapidly shrinking budget that no longer supports alreadyapproved missions and programs of high scientific and societal relevance," the report states. "Opportunities to discover new knowledge about Earth are diminished as mission after mission is canceled, descoped, or delayed

because of budget cutbacks, which appear to be largely the result of new obligations to support flight programs that are part of the Administration's vision for space exploration."