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Guest: James (Jim) Muncy. Topics: FAA Reauthorization Act, HSF regulation, the NASA FY 13 budget, SLC, Commercial Crew, & more. You are invited to comment, ask questions, and discuss the Space Show program/guest(s) on the Space Show blog, http://thespaceshow.wordpress.com. Comments, questions, and any discussion must be relevant and applicable to Space Show programming. Transcripts of Space Show programs are not permitted without prior written consent from The Space Show (even if for personal use) & are a violation of the Space Show copyright. We welcomed Jim Muncy back to the program for a comprehensive two plus hour discussion on a variety of important topics including the FAA Reauthorization Act, the FY 13 proposed budget, SLS, commercial crew, ISS utilization, and much more. We started out discussing the three year renewal of the 2004 Act that minimized HSF regulation to afford the industry the opportunity to get started, obtain real time safety information, and to do better and more accurate downstream safety regulation as it evolves. During this discussion, Jim had much to say about flight safety for the crew, participants, and third parties. Next, we jumped into Jim's perspective on the FY 13 budget proposal for NASA. He said it did a fairly good job of balancing competing interests and pressures, including the continued support of congressional favorites such as SLS, Orion, and the JWST. Much of this first hour long segment was about the budget process, why NASA gets the amount of money it receives, why congress does not do more for NASA per the wishes of many in our community, and that the NASA budget likely does a good job of representing the public's interest in these programs based on the feedback received from constituents by our elected representatives. Later in the segment, Jim focused in on the ORS, the STP program, and potential sequestration cuts due early next year, and fuel depots as an alternative to heavy lift. In the second longer segment, Jerry called in and the conversation changed to selecting only one commercial crew provider when we really should have multiple vehicles. Boeing was talked about as a commercial company and the potential selected company. Jack sent us an email asking Jim for his opinion on the three 2012 tipping points for NewSpace. He also asked about cubesats and the NASA $2-million NanoSat dedicated launcher prize. Kim emailed us about the Mars program cuts and Jim had much to say about this and how the FY 13 budget was being allocated. Listeners asked about the Falcon Heavy, space vision, Newt's space program, and even the UN space treaties. As the program was drawing to a close, Jim again talked about SLS and its killing the budget along with the JWST. When asked if other national space agencies were trying to open the frontier and develop commercial space, he said none were even trying. At the end, he said the success of the upcoming Space X flight to the ISS will be a game changer and this will show that commercial space development is the best path to be on for the future of the space industry. Post your comments/questions on The Space Show blog per above. You can email Jim at firstname.lastname@example.org.