doctor_strangecode t1_jcha6kw wrote on March 16, 2023 at 8:39 PM

Reply to comment by rocketsocks in NASA wants new 'deorbit tug' to bring space station down in 2030 by DevilsRefugee

A lot of money is being spent to fill in a hole. $200B / 300M population is $600 per American man woman and child. That's a lot.

It's not taxpayers that get hurt, it's "bank customers" that will pay for it, which I'll argue is the same group of people as taxpayers. Hard to pay taxes without a bank.

The money came from FDIC, which backed the bank beyond the limits they apply to other banks. FDIC is funded by a tax/fee on banking, and banks will pass those costs on their customers. And those customers are everyone.

For ISS, we should look at the space shuttle. When the shuttle program ended, congress replaced it with nothing. We had to ride to space with the Russians.

rocketsocks t1_jchkes8 wrote on March 16, 2023 at 9:46 PM

https://www.fdic.gov/news/press-releases/2023/pr23019.html

> No losses associated with the resolution of Silicon Valley Bank will be borne by taxpayers. Shareholders and certain unsecured debt holders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

As for Shuttle, it was not ended and replaced with nothing. It was replaced with what became SLS and Orion (plus some other stuff that didn't continue), which has so far made use of over $40 billion in funding. On top of that the commercial crew program was started. All of these things started before the last Shuttle flight.

That doesn't necessarily change the main point, but accuracy is important.