Re: $16 muffin really a $16 continental breakfast.
A continental breakfast is essentially a muffin + coffee or tea. It's not a very big change and you can google "continental breakfast price" to get a feel for what the cost is. It's $5-$7 normally. So the $16 charge is somewhere between 2x-3x the normal price. Wow, that correction makes me feel so much better about the DOJ's cost controls.
Friday, September 30, 2011
Muffingate at the Huffpost correction
Sometimes morons just need to be fisked and the mood just strikes. Huffpo tries to clear the DOJ in Muffingate by asserting that it was a $16 continental breakfast and not just a muffin.
Sunday, July 17, 2011
Use Government Assets
The government of the United States has a large number of assets. Some of them we use. Others we leave idle. Of the idle ones, some of them have people lined up, right now, willing to pay good money to buy or lease them. For political reasons the Obama administration is turning down a portion of that money every day. Instead, they would prefer to increase our taxes and have bumped us up against our debt ceiling and are threatening default rather than lease assets for oil exploration, mining, or timber production.
When our executive is in the midst of an unofficial and arguably illegal campaign to leave certain productive assets idle and not permit the logging, oil drilling, and other natural resources exploitation leases that Congress has authorized to take place, it is obscene to insist that increased tax rates must occur to protect these revenue limiting policies.
Let's be clear. These permit slowdowns cost the Treasury money, are not authorized by any statute, and if they would stop would both increase employment and revenue. The NIMBY and environmentalist interests who disproportionately supported this President in 2008 and are poised to do so again in 2012 are making our fiscal crisis worse in a misguided attempt to create idle assets.
We can increase revenue by maximizing our leases. This does not take any act of Congress. Congress long ago did its part of the job. This is a problem created by, and wholly solvable by the President and his political backers who have their people appointed to the posts approving those leases.
We are not maximizing our revenues. We are leaving money on the table and this administration's explicit policy is to take money out of ordinary american's pockets in higher tax rates and keep them unemployed rather than allow the creation of resource extraction jobs. Shouldn't clearing the lease and permit backlog and putting americans back to work be the first priority in these times?
cross posted @ Chicago Boyz
When our executive is in the midst of an unofficial and arguably illegal campaign to leave certain productive assets idle and not permit the logging, oil drilling, and other natural resources exploitation leases that Congress has authorized to take place, it is obscene to insist that increased tax rates must occur to protect these revenue limiting policies.
Let's be clear. These permit slowdowns cost the Treasury money, are not authorized by any statute, and if they would stop would both increase employment and revenue. The NIMBY and environmentalist interests who disproportionately supported this President in 2008 and are poised to do so again in 2012 are making our fiscal crisis worse in a misguided attempt to create idle assets.
We can increase revenue by maximizing our leases. This does not take any act of Congress. Congress long ago did its part of the job. This is a problem created by, and wholly solvable by the President and his political backers who have their people appointed to the posts approving those leases.
We are not maximizing our revenues. We are leaving money on the table and this administration's explicit policy is to take money out of ordinary american's pockets in higher tax rates and keep them unemployed rather than allow the creation of resource extraction jobs. Shouldn't clearing the lease and permit backlog and putting americans back to work be the first priority in these times?
cross posted @ Chicago Boyz
Tuesday, July 12, 2011
Report notes
A report for high school kids:
1. Get the international list of which country is doing better.
2. Get the ranking of each individual report recipient's school
3. Divide the international list in three groupings
3a. The number of countries and their associated kid population the same age as the report recipient who are one standard deviation up or down from the kid's school. These are the "peer competitors"
3b. The number of countries and their associated kid population that the kid's school blows away (results more than one standard deviation better).
3c. The number of countries and their associated kid population that is blowing the kid's school away.
Report to be run once a year.
Report to be offered for distribution for free to each school district.
When the report is refused, it gets a 'banned in Boston' aura.
1. Get the international list of which country is doing better.
2. Get the ranking of each individual report recipient's school
3. Divide the international list in three groupings
3a. The number of countries and their associated kid population the same age as the report recipient who are one standard deviation up or down from the kid's school. These are the "peer competitors"
3b. The number of countries and their associated kid population that the kid's school blows away (results more than one standard deviation better).
3c. The number of countries and their associated kid population that is blowing the kid's school away.
Report to be run once a year.
Report to be offered for distribution for free to each school district.
When the report is refused, it gets a 'banned in Boston' aura.
Saturday, July 2, 2011
Lawfare's inevitable result
From Strategypage, evidence that lawfare leads to more enemy dead, fewer prisoners.
We get enough intel and the risk of further friendly casualties is far enough above zero that we're just killing people out of hand when in the past we might have sought to capture them. Congratulations lawfare participants in the media and legal professions. Their blood is on your hands.
Iraqi security forces have had a growing impact on terrorist operations. This largely goes unreported, but the Iraqi police and soldiers, especially the elite counter-terror units, have interrupted many terror attacks, and arrested many terrorists. Aware of the corruption of the courts and regular police, the counter-terror units will often just kill key terrorists during raids, rather than risk the prisoner bribing his way to freedom. This is also an unofficial policy in some American operations, and official policy when missile armed UAVs are used.
We get enough intel and the risk of further friendly casualties is far enough above zero that we're just killing people out of hand when in the past we might have sought to capture them. Congratulations lawfare participants in the media and legal professions. Their blood is on your hands.
Wednesday, June 29, 2011
North Korea, Resign!
North Korea is going to be leading the UN Conference on Disarmament for a four week period. North Korea "welcomes any sort of constructive proposals that strengthened the work and credibility of the Conference on Disarmament" says So Se Pyong, the North Korean representative. Here is a proposal that would strengthen the credibility of the Conference, resign. Don't let this joke go forward but have the good taste to step down and let a non proliferating state lead.
Tuesday, June 21, 2011
Inappropriate Units
In this story Sen. McConnell uses time units to describe a monetary increase in the debt ceiling. This is both strange and unhelpful. The point is simple, when you start measuring the debt ceiling in terms of months instead of dollars, you have psychologically embedded the idea that spending is a constant. The entire point of trying to cut entitlements, the major point that the american people made in returning the GOP to power int he House, is that spending is a variable and we need to cut it now.
Sunday, June 5, 2011
new blog
I've started up a single purpose technical blog just to document the journey of getting Pentaho BI server 3.8 up as a virtual machine. It should also have the salutory effect that if somebody else did it and I missed it on the search I did, they'll likely show up and let me know where it is.
Pentaho VMWare Design
Pentaho VMWare Design
Tuesday, May 3, 2011
Monday, April 4, 2011
Barack Obama Launches 2012 Candidacy
Well, he's in, if anybody had any doubt. Barack Obama is sending out e-mail and other electronic notifications that he's filing papers today to launch his candidacy for the 2012 presidential term. He also wants everybody to watch this video.
It's an interesting video. My favorite bit was their older white guy figure making the pitch that Obama has respect and trust and deserves re-election even if you don't agree with him. It accurately hits where Obama's greatest vulnerability and opportunity is. If he can make his GOP opponent not worthy of trust, drive up his negatives, while retaining the trust of enough people, Obama wins. The GOP's major task is to do the opposite.
It's an interesting video. My favorite bit was their older white guy figure making the pitch that Obama has respect and trust and deserves re-election even if you don't agree with him. It accurately hits where Obama's greatest vulnerability and opportunity is. If he can make his GOP opponent not worthy of trust, drive up his negatives, while retaining the trust of enough people, Obama wins. The GOP's major task is to do the opposite.
Wednesday, March 30, 2011
Disappearing Letter
Sometimes I just like to see how honest the left is. WUWT had an article on the problems of climate modeling joshua tree habitat going forward based on several climate models. In the comments was an outraged demand that a picture of a painting used to accompany the story needed to be taken down. Apparently the fellow in the painting was outraged that neither the painter nor he was consulted. I searched the guy and found that he'd written a dishonest nastygram. From the way he was talking he might have just been uninformed about the pros and cons of the whole debate (he actually recommended the realclimate team as a resource for people honestly wondering about global warming) and so I dropped a comment in. It was quickly deleted. So here it is for those who care.
I'd never heard of Chris Clarke before today but he sure made a lousy impression on me in near record time.
The skeptic/denialist side on climate change (which label you pick tends to come from what side you land on the issue) has exposed an awful lot of bad science, including some done by the realclimate brigade. Things have gotten so bad that what used to be 3 groups creating global datasets has now been joined by a 4th, to be run out of UC Berkeley (not the most right wing of places). This is because of plain old bad science. We’ve spent a great deal of tax dollars to create data sets that are just unusable and now we’re likely to spend more money to do it all again. a 5 minute pull video http://www.youtube.com/watch?v=8BQpciw8suk the whole 1 hour talk http://www.youtube.com/watch?annotation_id=annotation_916464&v=VbR0EPWgkEI&feature=iv
Without sites like WUWT, this scientific malfeasance would have never been exposed. The Berkeley professor believes in global warming. He just doesn’t believe in lying to get there. The realclimate people are a different breed.
I'd never heard of Chris Clarke before today but he sure made a lousy impression on me in near record time.
Thursday, March 24, 2011
Fuel Cell Costs Down 24%
Instapundit links to a fantastic advance for fuel cells. One of the big headaches for a fuel cell/hydrogen future is that the small amounts of platinum available made them unlikely as a vehicle for mass use across the world economy. Now that we've got a practical, and much cheaper, carbon alternative for the expensive platinum catalyst, that bottleneck is also gone.
It's looking to be a tremendous advance, and one that's going to help us pull our economies out of their ruts if the regulators and the greens don't spike it.
It's looking to be a tremendous advance, and one that's going to help us pull our economies out of their ruts if the regulators and the greens don't spike it.
Tuesday, March 8, 2011
Thursday, March 3, 2011
Letter
Just wrote this letter to Brian Bosma, Indiana House Speaker.
I would appreciate your assistance in answering a question or directing me to the appropriate parliamentarian who can give me an answer.
I want to find out if and when my representative (Maria Candelaria Reardon) will lose her Indiana residency for the purpose of running for re-election at the next term.
I also hope that you can keep in session long enough so that she and the rest of the AWOL representatives have to pick between their political future in the General Assembly and coming back and doing the people's business.
God bless and stick to your guns
T. Michael Lutas
Chairman
Lake County Indiana Republican Liberty Caucus
Saturday, February 26, 2011
Dish Networks Called *again*
I love telling telephone solicitors for TV service that I have no TV. It shortens the conversation considerably.
Sunday, February 6, 2011
Disturbing look at China
The PRC web police are pulling it down as fast as they can but Youtube has a subtitled version of the most subversive cartoon you're likely to see this year. The year of the tiger is ending and the year of the rabbit is coming and Director Wang Bo went deep into the CCP's collective fears to come up with an excellent call to action. It's screechy, ugly, and definitely NSFW (violence and disturbing imagery).
From tainted milk, to spoiled party prince brats running people over in the street with impunity, it encapsulates much of what is wrong with the PRC today. It makes the case that the present system won't make it to the long-term demographic collapse that some have been forecasting but rather that there will be violence and revolution instead long before China can get either rich or old.
From tainted milk, to spoiled party prince brats running people over in the street with impunity, it encapsulates much of what is wrong with the PRC today. It makes the case that the present system won't make it to the long-term demographic collapse that some have been forecasting but rather that there will be violence and revolution instead long before China can get either rich or old.
Saturday, February 5, 2011
My son the videographer
My son's wondering how to advertise a youtube video after he put up his first one. Why he made an instructional video on how to make a paper boat is not something I ask about. How he manages to actually sell them on the school bus is also a mystery to me.
I have a budding entrepreneur.
I have a budding entrepreneur.
Everybody getting better now
It's been a wild night and all my projects are getting pushed back a day. The three kids and I all were sick as dog. Everybody's feeling better now but weak.
Wednesday, February 2, 2011
Illinois-Indiana Road Clearing Differences
NW Indiana was a bear getting out. I-80 had both direction entrances blocked @ exit 2 (northbound) by trucks on the ramps. By contrast, Illinois had their territory immaculate.
You'd think it was Indiana on the road to bankruptcy skimping on road clearing.
But that's not the way it is in reality. The immaculate roads were just another sign of irresponsible spending for the few cars that were venturing out on the road. Indiana's "good enough" efforts were more calibrated spending trying not to exceed available revenues.
The failure mode when the money runs out is going to be devastating.
You'd think it was Indiana on the road to bankruptcy skimping on road clearing.
But that's not the way it is in reality. The immaculate roads were just another sign of irresponsible spending for the few cars that were venturing out on the road. Indiana's "good enough" efforts were more calibrated spending trying not to exceed available revenues.
The failure mode when the money runs out is going to be devastating.
Pray for us
Biggest blizzard in years, snowed in, our god daughter's getting a liver transplant, and we're going out into the snow to pick up one of the other three kids. Their grandmother can't handle all three for long.
Hopefully the highway's clear because our street is not.
Hopefully the highway's clear because our street is not.
Wednesday, January 26, 2011
Bribery I
I would be an utter fool to say that I had just been offered a bribe to shut up about a good government reform I've been pursuing in Lake County, Indiana. I'd be a lot dumber than I actually am to not notice, nor to not know what the end of the line is.
Just for the record, the data is already dispersed. The only control anybody else has at this point is whether it goes out in a controlled or uncontrolled fashion.
Just for the record, the data is already dispersed. The only control anybody else has at this point is whether it goes out in a controlled or uncontrolled fashion.
Saturday, January 22, 2011
Foreclosure Cooties
I had an interesting conversation regarding the US housing market. One of the current problems that does not get the attention it deserves is the difficulty that many banks are having foreclosing on delinquent loans. The local banks that originated the loans and sold them into Real Estate Mortgage Investment Conduits (REMICs) can't do it. The REMICs are also having trouble. They sold the mortgages to investors. Investors, however, do not seem to want to foreclose themselves.
Up until now, this reluctance has been a mystery to me but no longer. It turns out that the investors are suing the REMICs on the basis that they were defrauded. Given that prospectuses include promises that the REMICs had the underlying notes and they could be inspected at any time and this was a lie, it seems like they have a pretty good case. So long as the investors don't touch the foreclosure process, they are not responsible for any paperwork defects in the underlying mortgages. But if they start cooperating with the REMICs in the foreclosure process, they would instantly gain the headaches of the huge paperwork mess that so many mortgages have.
So the banks are being assaulted left and right for their foul ups. It makes you wonder why they ever bothered.
Up until now, this reluctance has been a mystery to me but no longer. It turns out that the investors are suing the REMICs on the basis that they were defrauded. Given that prospectuses include promises that the REMICs had the underlying notes and they could be inspected at any time and this was a lie, it seems like they have a pretty good case. So long as the investors don't touch the foreclosure process, they are not responsible for any paperwork defects in the underlying mortgages. But if they start cooperating with the REMICs in the foreclosure process, they would instantly gain the headaches of the huge paperwork mess that so many mortgages have.
So the banks are being assaulted left and right for their foul ups. It makes you wonder why they ever bothered.
Friday, January 21, 2011
Fixing the Obamacare CBO Fraud
When Obamacare was passed under the previous Democrat Congress, it provided for 10 years of increased taxation (starting now) and 6 years of benefits that, on net, will reduce the deficit by $100B over those ten years according to the House budget estimators, the CBO. The GOP rightly called foul but the Democrats and their helpers in the media focus like a laser beam on the CBO estimate.
The GOP chairmen who have jurisdiction really need to ask the CBO to rerun their 10 year estimate this year. This will reduce the subsidy years from 4 to 3 and will have the advantage of at least one year of real-world data to better project tax revenue from. The inevitable headline will be one of Obamacare not being as good a financial deal as advertised. This will be especially important for all those pro-Obamacare Senators up for election in 2012.
The fraud was always going to unravel but by re-running the CBO estimates (every year until the thing is repealed if necessary) the GOP can simply, reasonably, go along with the Democrats and watch as the Democrats are hoist by their own CBO petard.
The GOP chairmen who have jurisdiction really need to ask the CBO to rerun their 10 year estimate this year. This will reduce the subsidy years from 4 to 3 and will have the advantage of at least one year of real-world data to better project tax revenue from. The inevitable headline will be one of Obamacare not being as good a financial deal as advertised. This will be especially important for all those pro-Obamacare Senators up for election in 2012.
The fraud was always going to unravel but by re-running the CBO estimates (every year until the thing is repealed if necessary) the GOP can simply, reasonably, go along with the Democrats and watch as the Democrats are hoist by their own CBO petard.
Thursday, January 20, 2011
Misquoting Adams
I just looked over a clip of Bill Maher insulting the tea party movement. In it he has a direct quote from Adams saying
This is pretty damning and a home run for the "Founders were deists" school of thought. Unfortunately for Maher it's a misquotation (misleading really). The full, in context quote provides the opposite meaning
This would be the best of all possible worlds if there were no religion in it.
This is pretty damning and a home run for the "Founders were deists" school of thought. Unfortunately for Maher it's a misquotation (misleading really). The full, in context quote provides the opposite meaning
Twenty times, in the course of my late reading, have I been on the point of breaking out, 'this would be the best of all possible worlds, if there were no religion in it!!!!' But in this exclamation, I should have been as fanatical as Bryant or Cleverly. Without religion, this world would be something not fit to be mentioned in public company—I mean hell.
Wednesday, January 19, 2011
Commie Porn
Sergei Eisenstein's Battleship Potemkin has been restored and is being re-released. Go ahead and look for the commentary talking about the evils of communism. It's not there. Can you imagine DW Griffith's Birth of a Nation or Leni Riefenstahl's Triumph of the Will having revivals without at least a passing condemnation of racism and naziism respectively?
Disgusting.
Disgusting.
Tuesday, January 18, 2011
I'm too Big
Well, too big for a liver donation for a young child anyway. It was a strange process and they let me down gently but apparently one can only cut down a liver so much for an infant donation.
Sunday, January 16, 2011
Enlightened Greed
PenGun had an interesting comment earlier.
He seems to think that enlightened self-interest is different from greed in some way. It is not. Enlightened self-interest is smart greed. It is greed that sees other utility besides money, besides power. It is greed that sees that the universe does not have to be a zero sum game. It seems like the right sees unenlightened greed and wants to enlighten it, harness it, and make it a positive while the left just wants to eliminate greed itself, which like most core aspects of human nature, is simply impossible.
Disappointing but not surprising given the greed driven agenda, I mean where would you get enlightened self interest from in that salivating morass of acquisition ... greed.
He seems to think that enlightened self-interest is different from greed in some way. It is not. Enlightened self-interest is smart greed. It is greed that sees other utility besides money, besides power. It is greed that sees that the universe does not have to be a zero sum game. It seems like the right sees unenlightened greed and wants to enlighten it, harness it, and make it a positive while the left just wants to eliminate greed itself, which like most core aspects of human nature, is simply impossible.
Sharing Meds
In another of the vagaries of the US healthcare system, if you and your wife both need the same med, it's cheaper to get one prescription at double strength than two at the 'right' dosage. The cheapest free market solution (buying in bulk and mixing your own) is, of course, out of the question because it would severely impact the profitability of the pharmacist.
Legal monopolies suck.
Legal monopolies suck.
Friday, January 14, 2011
When Libertopia Comes, Sell Your Blue Chips
Blue chip stocks are, for the most part, stocks of huge, over-sized conglomerates that would not survive without state intervention to keep them from getting nibbled to death by more nimble competitors. Of course they all would deny it and it is quite possible that some of them *would* continue at their present size or even larger in a truly free market world. But that's not the way to bet.
This dependence of corporations on government favor through regulating competitors into disadvantage is a major reason why small government deregulatory schemes seem so often to come to nothing. Corporations that have laid out careful minefields of regulations to trip up new competitors are loathe to have their defenses breached merely to get a fraction of a point on GDP or a smidgen more net employment. Their corporate employment figures are likely to suffer and for them, that's all that matters.
The whole situation is so tangled that any serious deregulatory effort that looks like it will succeed should be accompanied by shifting your stock portfolio to smaller firms and sectors not so involved in regulatory defenses. This would have the perverse effect of tanking the stock indexes as the economy gains a better business environment overall but those are the breaks.
This dependence of corporations on government favor through regulating competitors into disadvantage is a major reason why small government deregulatory schemes seem so often to come to nothing. Corporations that have laid out careful minefields of regulations to trip up new competitors are loathe to have their defenses breached merely to get a fraction of a point on GDP or a smidgen more net employment. Their corporate employment figures are likely to suffer and for them, that's all that matters.
The whole situation is so tangled that any serious deregulatory effort that looks like it will succeed should be accompanied by shifting your stock portfolio to smaller firms and sectors not so involved in regulatory defenses. This would have the perverse effect of tanking the stock indexes as the economy gains a better business environment overall but those are the breaks.
Funny pic
Wednesday, January 12, 2011
Asking the Wrong Question About Rising Oil Prices
The Fiscal Times asks will rising oil prices scuttle the recovery. I guess that's an interesting question but it's the wrong one if you're looking for the big picture. A better question is how low does alternative transport gge (gallon of gasoline equivalent) have to get before you can have a vibrant economy at that transport price?
The first question's answer lets you know whether to invest for a recovery or a recession over the next year. The answer to the second lets you know when the age of oil will end. Supply may very well have actual oil prices well before the tradeoff point when it happens but behavior will still change because then the response to high oil prices will not be suffer a recession and thus reduce demand but rather will be a quick changeover of enough oil based transport to reduce demand by a like amount. The behavior, and the investment opportunities that derive from it are very different.
The first question's answer lets you know whether to invest for a recovery or a recession over the next year. The answer to the second lets you know when the age of oil will end. Supply may very well have actual oil prices well before the tradeoff point when it happens but behavior will still change because then the response to high oil prices will not be suffer a recession and thus reduce demand but rather will be a quick changeover of enough oil based transport to reduce demand by a like amount. The behavior, and the investment opportunities that derive from it are very different.
Monday, January 10, 2011
Healthcare information systems
I'm at a phase where I'm getting more active in supporting my wife's medical practice. It just astonishes me how fragmented healthcare IT systems are and how much they still depend on lowest common denominator transmission systems like fax.
There are huge opportunities here to reduce costs. Because the sector is so socialized, we're missing most of them.
There are huge opportunities here to reduce costs. Because the sector is so socialized, we're missing most of them.
Sunday, January 9, 2011
The Anti Deficiency Act
Sometimes an epiphany comes with your morning reading. Strategy Page's article on the Anti Deficiency Act being used to gut military careers led me to think, why can't bureaucrats in other departments be similarly terrorized. The recycling of TARP funds seems to fairly clearly run afoul of 31USC1517 which the GAO characterizes as part of the ADA.
I think it just goes to show that a lot of our problems aren't solvable by new legislation but instead just by better enforcement of what's already on the books.
I think it just goes to show that a lot of our problems aren't solvable by new legislation but instead just by better enforcement of what's already on the books.
Saturday, January 8, 2011
fixing OS X MySQL
Sometimes OS X MySQL has some launchd problems. You can run the server but you get all sorts of odd messages when you try to access it via server manager. And you just can't get it to quit properly.
Here's a fix:
go to terminal and run:
sudo launchctl unload -w /System/Library/LaunchDaemons/org.mysql.mysqld.plist
go back to Server Admin and restart mysql
reboot.
Mysqld should be running fine.
Here's a fix:
go to terminal and run:
sudo launchctl unload -w /System/Library/LaunchDaemons/org.mysql.mysqld.plist
go back to Server Admin and restart mysql
reboot.
Mysqld should be running fine.
Building Data Sets
I'm finding that a lot of the "boring stuff" that are building blocks of successful political simply aren't easily available.
There's nationwide stuff like who are all the people who hold elective office in the United States of America? How many are Republicans, Democrats, members of other parties? What are their terms in office? You would think that something like this would be easy and then you can take this and a lot of other information to suss out patterns of good government, corruption, ideological affinity, stuff that a data geek like me would find interesting.
Instead, I'm finding I can't even get a reliable listing of who the poll workers were in the last election.
It's incredibly frustrating and there really needs to be some sort of way to pull all this data out and get it available for easy access. At least I've got a decently fast computer at present. And I'm loading updated Pentaho tools so once I get a data set, it's going to be kept available for everybody.
There's nationwide stuff like who are all the people who hold elective office in the United States of America? How many are Republicans, Democrats, members of other parties? What are their terms in office? You would think that something like this would be easy and then you can take this and a lot of other information to suss out patterns of good government, corruption, ideological affinity, stuff that a data geek like me would find interesting.
Instead, I'm finding I can't even get a reliable listing of who the poll workers were in the last election.
It's incredibly frustrating and there really needs to be some sort of way to pull all this data out and get it available for easy access. At least I've got a decently fast computer at present. And I'm loading updated Pentaho tools so once I get a data set, it's going to be kept available for everybody.
Friday, January 7, 2011
Buying Votes with Lies
It never ceases to amaze me how successful politicians are with buying votes by promising retirement benefits when there is no money to pay the benefits promised. This is a game any party can play and most do.
If a plan's got the money to back up its promises, it's actuarially sound. If it doesn't, it's a lie, a fraud, a cheat, a promise with a balloon payment down the road. And the person who has to make the payment is not the person getting the benefit.
Most public defined benefit pension plans from social security to the various public employee pensions are not actuarially sound. This means they depend on the comparative political power of those benefiting from them and those paying for them, the plans promises will or will not be met.
That's no way to plan a retirement. I would be insulted to get an offer like that. In fact, I am insulted because politicians try to tell me that the actuarially unsound Social Security program is going to give benefits that it's pretty obviously not going to be able to give.
When this sort of vote buying becomes the equivalent of trying to pay for something with confederate dollars, ie a political no-sale, we're going to have turned an important corner. It's a true shame that most people even on the small government right aren't pushing this meme.
If a plan's got the money to back up its promises, it's actuarially sound. If it doesn't, it's a lie, a fraud, a cheat, a promise with a balloon payment down the road. And the person who has to make the payment is not the person getting the benefit.
Most public defined benefit pension plans from social security to the various public employee pensions are not actuarially sound. This means they depend on the comparative political power of those benefiting from them and those paying for them, the plans promises will or will not be met.
That's no way to plan a retirement. I would be insulted to get an offer like that. In fact, I am insulted because politicians try to tell me that the actuarially unsound Social Security program is going to give benefits that it's pretty obviously not going to be able to give.
When this sort of vote buying becomes the equivalent of trying to pay for something with confederate dollars, ie a political no-sale, we're going to have turned an important corner. It's a true shame that most people even on the small government right aren't pushing this meme.
Thursday, January 6, 2011
There goes that new year's resolution
Posting once a day was one of my new year's resolutions. That didn't last long.
Tuesday, January 4, 2011
The Care and Feeding of Corporate Overlords
Here's a fairly conventional leftist anti-corporate screech from PenGun.
And now the fisking:
1. "Your corporate overlords have screwed the pooch." Why yes, they did, PenGun. Here we absolutely agree, though I doubt we've mutually come to that conclusion for the same reasons.
2. "They, not the people on the street, have managed to destroy the economies of the world by sheer greed." Actually, you're letting the average citizen off the hook there. You see the corporate overlords as you put them have done some of their most damaging work by entering into corrupt deals with power hungry politicos and bureaucrats. It's the combination of corporate cash, political influence peddling, and regulatory kneecappings that really have put the world economy in trouble.
3. "The Europeans being a little smarter and better informed have decided the vast theft performed by the aforementioned corporate thugs will not stand." This is nonsense on stilts as the thugs in the streets are being led around by the nose and essentially whining for more free money, not realizing that they've already sold their patrimony and their older sibs and parents ate the mess of pottage. They've run out of funds to steal and redistribute.
4. "So they are showing their compliant governments some heat." You really could do with reading Thomas Wolfe's classic Mau-Mauing the flak Catcher. The guys really in charge have sent up the lifers for the street people to mau mau and the street people will make the lifers wet themselves and then go away. It's all going according to script.
5. "The US will continue down the road they are on, fleecing the poor and middle class to pay for the mistakes of the rich. This will not work." The US has just had elections and created the largest turnover of the political class in decades. It's very unlikely that we're going to continue down the same road as prior to the elections but if we do, we're very likely to have an even bigger turnover at the next polls in two years.
Your corporate overlords have screwed the pooch. They, not the people on the street, have managed to destroy the economies of the world by sheer greed.
The Europeans being a little smarter and better informed have decided the vast theft performed by the aforementioned corporate thugs will not stand. So they are showing their compliant governments some heat.
The US will continue down the road they are on, fleecing the poor and middle class to pay for the mistakes of the rich. This will not work.
Have a nice decade.
And now the fisking:
1. "Your corporate overlords have screwed the pooch." Why yes, they did, PenGun. Here we absolutely agree, though I doubt we've mutually come to that conclusion for the same reasons.
2. "They, not the people on the street, have managed to destroy the economies of the world by sheer greed." Actually, you're letting the average citizen off the hook there. You see the corporate overlords as you put them have done some of their most damaging work by entering into corrupt deals with power hungry politicos and bureaucrats. It's the combination of corporate cash, political influence peddling, and regulatory kneecappings that really have put the world economy in trouble.
3. "The Europeans being a little smarter and better informed have decided the vast theft performed by the aforementioned corporate thugs will not stand." This is nonsense on stilts as the thugs in the streets are being led around by the nose and essentially whining for more free money, not realizing that they've already sold their patrimony and their older sibs and parents ate the mess of pottage. They've run out of funds to steal and redistribute.
4. "So they are showing their compliant governments some heat." You really could do with reading Thomas Wolfe's classic Mau-Mauing the flak Catcher. The guys really in charge have sent up the lifers for the street people to mau mau and the street people will make the lifers wet themselves and then go away. It's all going according to script.
5. "The US will continue down the road they are on, fleecing the poor and middle class to pay for the mistakes of the rich. This will not work." The US has just had elections and created the largest turnover of the political class in decades. It's very unlikely that we're going to continue down the same road as prior to the elections but if we do, we're very likely to have an even bigger turnover at the next polls in two years.
Stay on Topic
PenGun's been one of my most difficult correspondents that actually has somethings worthwhile to say occasionally. That we disagree on a lot is not that important. Without people like him, I'd live in an echo chamber as sad as the one the left tends to occupy.
However, there are limits and running a comment like the following exceeds them:
The problem isn't the sentiment. It's that the post wasn't relevant to the topic.
However, there are limits and running a comment like the following exceeds them:
Your corporate overlords have screwed the pooch. They, not the people on the street, have managed to destroy the economies of the world by sheer greed.
The Europeans being a little smarter and better informed have decided the vast theft performed by the aforementioned corporate thugs will not stand. So they are showing their compliant governments some heat.
The US will continue down the road they are on, fleecing the poor and middle class to pay for the mistakes of the rich. This will not work.
Have a nice decade.
The problem isn't the sentiment. It's that the post wasn't relevant to the topic.
Census visualization
The NY Times has a quite good census 2010 visualization tool. Typing in my own area I see much of what I expected but also a few surprises. Census area 206 in Indiana was a bit of a shocker that 100% of the 900+ reporting households spend more than 30% of their income on housing. It's mostly a poor area but there are a few there that make over $100k according to the income graph.
This is the sort of stuff that good data tools really can help you understand your own surroundings, your own life. It enables you to swiftly digest an enormous amount of data and toss out the 95%+ that is what you expect so you can quickly focus on the margin, on the anomalies that make the exercise worth doing.
HT Clayton Cramer
This is the sort of stuff that good data tools really can help you understand your own surroundings, your own life. It enables you to swiftly digest an enormous amount of data and toss out the 95%+ that is what you expect so you can quickly focus on the margin, on the anomalies that make the exercise worth doing.
HT Clayton Cramer
Monday, January 3, 2011
Amazing, I haven't tweeted since May 18 and I still have 83 followers. I think I'll pick it back up.
Here's my profile.
Here's my profile.
Sunday, January 2, 2011
Iran Backs Off Fuel Socialism
Iran finally is crying uncle and reducing its massive fuel subsidies. The result seems to be a 20% reduction in petroleum use. That's going to be a welcome increase in available world supply as well as something that will pressure the Iranian system.
Saturday, January 1, 2011
Deniable Intimidation Echoes
Wretchard has a good article on the Left's habit of indulging in deniable intimidation. The use of left-anarchists as street troops to signal that one part or another of the Left is not sufficiently militant is real and well taken. It isn't the whole story as there's a mirror image effect on the right. There, the less militant in the GOP use the threat of waking up the beasts on the left to reign in more militant factions.
I have personally been warned multiple times to avoid being too strident in my own political activities with tales of past political assassinations of reformers who went "too far". Of the ones I recall (and can anonymize), two were delivered by town chairmen, one by a committeeman. These are not generally hysterical people yet my little attempts at stirring up small government activism were viewed with real alarm. Even though they did not show it under most circumstances, these people are terrorized.
The terrorizing of GOP party officials is a generally hidden reason why the GOP often doesn't take full advantage of its opportunities and generally acts in more of a squishy fashion than you would otherwise expect. If retribution comes, they reason, it will come to them, personally or to their families.
Happy New Year
I wish everybody a healthy and happy New Year.
This is a continuation of my old blog, Flit(TM). While I can still log on, something's happened and I can no longer post there. Since one of my new year's resolutions is to blog daily, this is a problem, one I'm solving by creating this blog.
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