25 November 2008

AP/Yahoo and/or Obama: Schizophrenic

This has to be one of the most patently absurd things I've seen in a while... on Yahoo, just now, Obama promotes fiscal restraint, big spending (emphasis mine):

President-elect Barack Obama wants to project fiscal restraint even as his economic team assembles a massive recovery package that could cost several hundred billion dollars.

A day after introducing the captains of his economic team and promoting a giant jobs plan, Obama on Tuesday was to lay out his budget belt-tightening vision. The dual images — big spender and disciplined budget watcher — were designed to give both political and economic assurances to the public, the Congress and the financial markets.


Um, 'scuse me? How can any rational person use 'fiscal restraint' and 'big spending' in the same headline and not have their brain abandon ship in protest? How can Obama both be a big spender, and keep a tight rein on the budget?

Oh, well, right... I suppose if he jacked taxes way up, he could balance the budget and still spend big. Silly me.

Hope all you's folks weren't counting on that 'tax cut' he promised any time soon...

10 November 2008

Perhaps The First Act Of The 111th Congress?

Congress has already nationalized Fannie & Freddie, and bailed out all those banks with your tax money.

Aren't you excited that they're all set to absorb everybody's retirement accounts under the oversight of Social Security?

Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.

Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly.


This may be the case... however, it would be far better to just let the market and the 401(k)'s and IRA's recover on their own. Later in the article, it's noted that the accounts that would be formed are 'Guaranteed Retirement Accounts,' with a fixed three-percent annualized rate of return. Sure, that may be appealing now - but if all that retirement money were just left in the market, the market would probably recover more quickly. Then, in a year or three, all those 401(k)'s and IRA's would probably be back to making the ~5-10% that I think they were making before. If this GRA conversion/confiscation happens, I foresee a self-fulling prophecy: all the money being pulled out of the market will cause the market to crash - and then the people that made it happen will crow joyously at how they "saved everyone's retirements from the impending market collapse!"

Ugh.

A question to chew on... do you really want the same institutions that manage Social Security to be managing the bulk of your retirement fund?

05 November 2008

Blast From The Programming Past

Whoa! People are still downloading my old TI-82 programs from... yikes, high school? Almost 8000 downloads?

Cool!

01 November 2008

Fairborn Grad To Pilot Shuttle!

SWEET!

In 2005, [Fairborn High School graduate Colonel Greg] Johnson was appointed as a crew representative supporting the design and testing of NASA'S newest spacecraft, the Crew Exploration Vehicle. Johnson is assigned as pilot on the STS-123 mission that will deliver the Japanese Logistics Module and the Canadian Special Purpose Dexterous Manipulator to the International Space Station.


I guess this Skyhawk took the 'sky' part pretty seriously!