Sunday, October 28, 2007

Great Onion article

Ok. That was a slight misnomer of a title. Every Onion article is brilliant. Just this one made me laugh a lot more than usual.

"Japanese government officials confirmed Monday that the damage wrought on Japan's national infrastructure by the July 16th earthquake—particularly on the country's protective force field, quantum teleportation system, zero-point fusion energy broadcasting grid, and psychodynamic communications network—was severe enough to set the technologically advanced island nation back approximately 300 years to a primitive mid-22nd-century state of existence.

'Japan finds itself in crisis, with our society and culture temporarily reverting to a pre-cyberunification era,' said Japanese prime minister Shinzo Abe, communicating non-telekinetically for the first time in his nearly 150 years of post-cryogenic life. 'Though many citizens have been limited to algorithm-based emotion detection, neutron baths, speed limits below the speed of light, and other barbaric inconveniences for over a week now, I promise we will pull through.'

The United States' offer of $20 million and a shipment of steel, tractors, forklifts, and cranes was politely declined."



Pure brilliance. Read the entire article, there's just too much to copy and paste onto this blog.

Saturday, October 27, 2007

¿Plan México? ¡Pienso que no!

As the Economist of October 27, 2007 reported, on October 22nd of this year, the United States and Mexico signed an agreement that renewed both side's efforts to crack down on the drug cartels of Mexico in which the United States would send "$1.4 billion in aid over the next three years to fight drug traffickers."

Great! If you've seen the iRack Mad TV parody before, then you'll know how futile it is to throw money at the iRack. You can't just give Mexico "aircraft... scanning equipment at the border, and new communications systems, training and technical advice for Mexican police, including help on a witness-protection programme" and expect that to be a good solution. It's costly, and it doesn't target the root of the problem.

Allow me to explain: this new agreement reached after weeks of talks by negotiators from President Bush of the United States and President Calderon of Mexico is not bad. Its intentions are good. However, expensive technological trinkets will only have limited success vis-a-vis reducing drug trafficking in Mexico. The new plan, dubbed "Plan Mexico" by many newspapers, does not target the heart of the problem.


“They are overemphasizing the technology.”
-Luis Astorga of the National Autonomous University in Mexico City.


The heart of the problem is that poverty is a widespread structural problem in Mexico that creates a situation in where normally law abiding citizens of Mexico help the drug cartel through their desperation for money. This problems even infects Mexico's local policemen who oftentimes are the ones who help the drug cartels. Thus, the reason why the new plan will be ineffective is because the technology can only help insomuch as the authorities using the technology are actually using it to crack down on the drug cartels in their country. However, if such authorities are helping the drug cartel and corrupt, then that technology will not reduce the drug trafficking in Mexico.

Speaking of technology, many Mexican officials that believe if America would stop selling the drug traffickers arms and weapons, then maybe Mexico's drug cartel wouldn't be as powerful. The October 20, 2007 LA Times notes: "An estimated 95% of weapons confiscated from suspected criminals in Mexico were first sold legally in the United States, officials in both countries say."

Hm... I wonder what could be a more effective way to help Mexico fight the War on Drugs... Give that $1.4 billion to our Border Patrol and ICE, the Immigration and Customs Enforcement Agency to prevent the exporting of arms illegally to Mexico (since it is illegal to carry arms and ammunition to Mexico from America) and make our borders a safer place. We're complaining that drugs are entering our country? How about we get tighter borders and promote more US investment in Mexico and have Mexico create new legislation to improve their nation's economy, set up a better welfare system (maybe), and get more worker rights laws in place in addition to their already preexisting policy of using brute force to deal with the drug cartels of Mexico (Calderon sent 30,000 troops last December to six Mexican states that were known bastions of drug cartels).

Thursday, October 25, 2007

Star Gazing

Looking up from my lawn at the night sky is always a little hobby of mine that never seems to grow old for me. I’ve always been fascinated by astronomy and captivated by the starry night sky. Whenever I get the chance, I’ll go to my front lawn and lie down on the grass and just stare at the infinite expanse of space and blankly gaze at the bright, faint, and twinkling lights in the sky. After taking in the initial awesomeness of the infinite expanses of the speckling night ceiling, I start to think about how grand it is that I, an individual, can see something as massive as a star from my perspective. Oftentimes, my friends will tell they feel insignificant seeing the magnificence of the sky because they feel so small compared to celestial bodies above them. I, on the other hand, look at such objects in the sky and feel the complete opposite. It should make the individual feel empowered that he is able to see so much from his perspective. He should feel significant for that alone, not insignificant. He should not feel lost in the sky, but he should feel a master that he can see so much, so far, and so clearly. Looking at the stars makes me feel reinvigorated.

US places sanctions in Iran... again.

What's new here? Nothing. America has placed sanctions in Iran before, has tried and failed to place UN sanctions on Iran, got one to work in December of 2006, are still trying to get more sanctions on Iran, and now they have another one.

According to the BBC of October 25, 2007:

"The US has stepped up its sanctions on Iran for "supporting terrorists" and pursuing nuclear activities. The new measures target the finances of Iran's Islamic Revolution Guards Corps and three state-owned banks."

Do sanctions work? I would have to say that on balance it does not. Certainly, in the case of the South African apartheid, it did work. But in other cases, especially the Darfur issue, it has not worked. I think that the reason for this is that we live in an increasing globalized society. The obvious logical extrapolation to that is the decreased effect one economy can have another's economy. The US taking unilateral of even weak multilateral sanctions against Iran will have highly limited effects compared to the strong multilateral response in the case of South Africa because the other countries that are not in support or bound to honor the sanction will fill in the vacant spots of trade and what not and thus continue to prop up that nation's economy.

In other words, because of globalization and the fact that we all trade with one another,when one or several countries to ban trading with a nation in a limited regard, it is ineffective because the targeted country can find other ways to fill in that missing trade by trading with other countries. The only way for sanctions to truly work is for it to be a strong multilateral response.

Wednesday, October 24, 2007

On Tony Blaire in Oakland

Tony Blaire gave a speech at Paramount Theatre in Oakland yesterday, Tuesday October 23, 2007 on the topic of gloalization. Not that this note is a bad thing, but his "link" of globalization was a weak one, since his speech was more about the current state of affairs of our nation, his nation, and the evolution of global politics over the past few years. Regardless, the content of his speech was excellent and his humor, though largely with jokes unrelated to the topic at hand, well placed.

Here are some quotes (quoted as accurately as I can remember) that I would have to say "hear, hear" to:

"Globalization is a fact, but the values with which we approach it are not. We must approach this global phenomenon with not only democracy and freedom, but also justice, tolerance, and opportunity."

"Globalization is truth. We are becoming more interconnected with one another and our economies are going interdependent of one another as well. The absolute corollary to that is care for one another."

"A good leader is one who does what he believes is correct."

Props to Mr. Blaire, and props to his defense of himself with regards to his unpopular decision to support the US in the War on Terror and in Iraq. I respect his insight, I hope his Middle East Envoy position yields him more success, and I admire his ability to make decisions that he felt were correct despite being unpopular- for a politician who is unpopular for making choices he feels is right is better than a politicians paralyzed by fear, public opinion, and inaction.

Sunday, October 21, 2007

Organic Food: What Lurks Beneath the Green...

Usually when we think of organic food, we think of Whole Foods, self-conscientious eaters, and people who like to think they're eco-friendly.

But are we really helping the environment when we're going organic?

On one hand, going organic means no pesticides and chemical treatment of food, which is good for human consumption health-wise and the environment.

But, as the Economist of several months ago noted, going organic means losing food per acre yield, which means that more land needs to be turned arable- which ultimately means clearing forests and wildlife to have more farmlands. The reason for this statement is that while chemical fertilizers might have a negative effect on the soil and might even be potentially harmful for human consumption, these chemical fertilizers reduce the need for land to farm with because it makes the land more potent and thus produces more crop. Some scientists predict that going organic globally would mean increasing farmlands by 20% of what we currently already use. The February 21, 2007 Times Online of the UK noted that in the case of organic milk, more CO2 was released and more land was needed for such cows:

"The impact of organic milk was singled out for doubts about its environmental-friendliness because, while having higher levels of nutrients and needing less fertilizer, its production generates more carbon dioxide emissions. Additionally, it takes up 80 per cent more land."
Even more surprising is that many people are finding that organic might not even have those so claimed health benefits that made such food so popular. The UK Times Online of January 7, 2007 noted that "Sir John Krebs, a former chairman of the FSA [Food Standards Agency]... said that there was no evidence that organic food was more nutritious or safer than conventionally produced food, despite its cost." The British Nutrition Foundation also voices this opinion, as the BBC of April 26, 2007 adds. The Heartland Institute also found organic food to have negative environmental effects as well.

Of course, many pro-organics say that such studies ignore other key factors, such as improving biodiversity and longer-term benefits that cannot be measured over a short period of time. And granted of course, there are definitely some benefits to going organic.

In the end, most think tanks, organizations, and environmental analysts have concluded that there is not enough information to truly decide whether or not organic food helps the environment- let alone its supposed "health benefits" for human consumption.


As for me, I have almost always been a GMO supporter. I don't mind genetically spliced food, and if we can have GMO crops that are super efficient that don't need pesticides and other potentially dangerous chemicals, then that's the best solution of them all! (The obvious problem with GMOs is reduced genetic diversity and thus mass susceptibility). But the ultimate solution to this all for now, as Heidegger said in his ontological inquiry Being and Time, is just to let things be (I know, a horrible cross-application of his philosophy to agriculture). Let some farms go GMO and let some farms go organic and some go local. Let the people decide what they want- as long as they are an informed mass. GMO labeling is fine, and in fact labeling of all foodstuff might be good. If the means is so important nowadays, might as well tell the consumers the growing methodology of their foodstuff.

Then... there's those local farms... and those local, organic farmers that we didn't even consider...



[Note: the organic debate has not yet entered mainstream American attention yet because 1) the British always seem to be ahead of us on these things and 2) organic food is more of a sore spot in Britain since foreign GMOs have been banned from being imported into the nation (think WTO conflicts), stringent labeling laws for GMO foods are in place in Britain, and organic food is thus a more popular choice for the British than in the US, where most people don't know if food is a GMO and the organic movement has just begun here. That's why most of my sources are British.]

For more reading on the issue go to..
http://www.heartland.org/Article.cfm?artId=20945
http://news.bbc.co.uk/2/hi/uk_news/magazine/6595801.stm
http://www.economist.com/world/international/displayStory.cfm?story_id=8380592
http://www.timesonline.co.uk/tol/news/uk/article1415464.ece
http://www.timesonline.co.uk/tol/newspapers/sunday_times/britain/article1290334.ece

Tuesday, October 16, 2007

Credit in America: Part 2

While the housing bubble has not entirely popped and the negative effects of the rapid overheating of the housing market will still be felt for sometime, the worst of the the popping of the bubble is over.

However, the credit crunch is an entirely different beast. The article here is about the credit crunch and it re-sparked my interest in the current credit situation.

What can we do to solve the credit crunch? Obviously, credit has become all too easy to get, with so may different types of credit options such as neg-am, subprime, etc that allow even people of lower socioeconomic and thus lower credit scores to obtain loans. While I believe that credit should be available to people of all socioeconomic statuses, credit is too easy to obtain.

The Federal Reserve of last year noted that consumer credit debt is around 11 trillion dollars. That's a lot of money not being paid back. This strain is felt by the families in debt possibly going to bankruptcy, by the lending institutions who have to pay the costs, and the economy as a whole.

It's a lose-lose situation.

So what do we do?

1. Enact usury laws.
2. Actually enforce our the pre-existing laws we have to prevent corrupt lending techniques
3. Tighten credit standards so that consumers who won't be able to pay back won't get the loans to begin with.
4. Install a government program to give credit with little to no interest topeople with lower socioeconomic status based on willingness to work so that they can get the basic necesities to establish themselves in a location.
5. Make a law so that banks and lending institutions better explain their loan programs to consumers and help them plan a fiscal plan to make sure they can pay back the loan in a timely fashion.

Sunday, October 14, 2007

Credit in America: Part 1.5

Oh and also, don't get me wrong when I'm saying the worst of the housing bubble's over. It doesn't mean I believe the credit crunch in America is over. Ohhh no.

Credit in America: Part 1

Well, after all the chaos that's been present in my life has somewhat subsided, I can finally begin to write a new post on this blog. =]

Here is part one of my diatribe on credit in America... after this section, I plan to go to address the issue of organic food.

So, today's question on credit relates to the industry hit hardest by the rapid and easy growth of credit in America- the housing industry. Earlier this summer, our stock market took a huge hit in on day. Economic analysts attributed this plunge to a bursting of the housing bubble. The question now is... is the worst of this bubble over?

To a large degree, I'd have to say yes. Here are three reasons why I feel this way.

First, the response of lending institutions to the housing bubble reveals that the housing bubble is starting to rescind. As the CBS News of September 20, 2007 reports the current housing market was largely in part created by the reckless and lax lending policies of lending institutions, namely the subprime lending branch of such institutions: “Banks used to … be careful (often too careful) not to issue a mortgage the borrower could not pay. In the current market [banks spew them out].” Furthermore, as the Wall Street Journal of August 21, 2007 adds, the lending institutions of today hardly even bother to do a background check on the people who are requesting to borrow money from them. All of these factors contributed to the overheating of the housing market, as consumers were able to obtain record-high amounts of money on credit and use that money to buy houses. A Federal Reserve report of March 2007 noted that in 2006, total outstanding consumer credit totally around 11 trillion dollars, which is larger than the current federal debt. However, with the housing bubble popping in summer of 2007, lending institutions have begun to reverse this trend. As the Fox News of CNN of October 2, 2007 reports, lending institutions have already lost 10% of all their subprime loans due to consumer delinquencies and bankruptcies resulting in banks having to foot around $346 billion in defaults. The article also notes that around $700 billion in loans are in risk of going sour for banks and that’s a lot of money. In the face of so many loans potentially going south, banks and lending institutions are tightening their credit standards to ensure that only credit-worthy consumers can get loans. The significance of this trend, as the Fox News of October 3, 2007 notes, is that the housing bubble will start to rescind as less credit is being pumped into the housing market, thereby cooling the industry and decreasing the bubble.

Second, government response to the housing bubble will ensure that the worst of this crisis is over. As the Economist of March 20, 2007 reports, the US federal government had hearing in the Senate Committee on Finance regarding usury laws and credit practices to solve the housing bubble. The primary preliminary result of this hearing was a stern commitment by the government to reduce credit to decrease the housing bubble. One example of this policy can be seen in Freddie Mac and Fannie Mae’s, two government-sponsored lending powerhouses, decision to cut support of subprime mortgage lending. In addition, as the CNN of October 2, 2007 reports, the federal government has been considering enacting stricter regulations upon banks to make sure they do a more though investigation of potential borrowers and their credit score before approving loans to decrease the number of loans given to consumers. Furthermore, the Washington Post of March 15, 2007 notes that the government has enacted new criteria on consumer bankruptcy laws to discourage consumers from obtaining loans they know they will not be able to afford. All of these policies indicate the federal government’s attempt to reduce credit in the economy to cool off the housing bubble. Since these policies have been implemented or are in the process of being implemented, the US economy will being to recover from the housing bubble.

Lastly, current market indicators show that the market once again has confidence in our economy and thus the worst of the housing bubble is over. As the International Herald Tribune of October 4, 2007 reports, consumer confidence in the US economy rose by almost nine percent this past month, indicating a widespread belief on the part of investors and consumers that the worst of the housing bubble is over. Peter Morici, an economist and business professor at the University of Maryland said that "consumers are cautiously more optimistic than a month ago. There is a growing sense that the credit crisis is resolving. It is not wholly resolved but it is resolving." Furthermore, the Federal Reserve’s decision to cut interest rates by a half percentage rate is another market indicator revealing a belief that the worst of the housing bubble is over. As the Economist of September 30, 2007 reports, a decrease in federal fund rate, the first time the Federal Reserve had done so in four years, indicates that the Federal Reserve is trying to spend the economy by promoting investment. If the Federal Reserve believe that the hosing bubble was still a serious problem, then it would be trying to cool the economy to decrease the bubble. However, by pursing an expansionary monetary policy, the Federal Reserve is indirectly asserting its belief that the worst of the housing bubble is over and that increasing inflationary factors would not inflame the housing bubble and cause it to overheat again.

Of course, I'm not an economist. So don't take this as golden advice. Then again, economists can never agree on anything, so it doesn't matter what you think, you'll always be able to find an economist to back you up on it.

Monday, October 8, 2007

Credit Crunch Reponse: Hold your horses!

I plan to respond to this story within the near future on the credit crunch/housing bubble...

This story, by Jennifer Ablen of the Reuters seems like a good attack point for my discussion of our credit situation.

Update: After homecoming...

Blog Action Day

I just found a site that promotes the grassroots power of bloggers by having bloggers from around the world all blog about one political issue on a given day to promote global awareness of that issue.October 15th will be the international debut of this program and the first Blog Action Day! I firmly believe this event is a great extension of my belief in the power of the individual granted by open source collaboration and the Web 2.0 and that this is a great way to exercise our power as a creative collective. The theme is the environment! Though I won't have time to actually do this program because of prior engagements on that day, expect to see some green tinted rants in the upcoming days.

Here is the banner to promote the site:


Bloggers Unite - Blog Action Day


Sunday, October 7, 2007

Supreme Court denies Alabama women mechanically induced orgasms

As taken from Boingboing.net...

Talk about sex toys is once again the buzz around Alabama. The United States Supreme Court refused to hear the Alabama sex toy case, ending a nine year battle for the right to keep and bear (well, more accurately, purchase) sex toys in the state. Sherri Williams provided the money quote in this AP article:" An adult-store owner had asked the justices to throw out the law as an unconstitutional intrusion into the privacy of the bedroom. But the Supreme Court declined to hear the appeal, leaving intact a lower court ruling that upheld the law.

Sherri Williams, owner of Pleasures stores in Huntsville and Decatur, said she was disappointed, but plans to sue again on First Amendment free speech grounds.

“My motto has been 'They are going to have to pry this vibrator from my cold, dead hand.' I refuse to give up,” she said.

Alabama’s anti-obscenity law, enacted in 1998, bans the distribution of “any device designed or marketed as useful primarily for the stimulation of human genital organs for anything of pecuniary value.”

Hmmm... in other news, I've eaten 6 blueberry bagels today and that number is continuing to rise at an alarming rate.

The Big Three Englightenment Thinkers on Democracy

Sometimes it can irk me when people oversimplify the beliefs of philosophers. [Not that I'm totally innocent of that crime...] Take for example the big three Enlightenment thinker on democracy: Locke, Rousseau, and Montesquieu. People tend to clump these three thinkers as proponents of some form of democratic institution.


Not exactly.

Locke was not necessarily a fervent supporter of democracy- direct or indirect. Rather, it is a common misconception to say that he supported any kind of democratic government. Lock believed that any government could be legitimate as long as it fulfilled certain criteria. He lists the essence of why men enter government in his Two Treatises on Government, “The reason why men enter into society, is the preservation of their property; and the end why they choose and authorize a legislative, is, that there may be laws made, and rules set, as guards and fences to the properties of all the members of the society: to limit the power, and moderate the dominion, of every part and member of the society.” For Locke, as long as a government could protect the natural rights of men: “life, liberty, and property,” the government was doing its job. Thus, the government could be a monarchy and still be legitimate as long as if protected other men from encroaching upon those rights, including the monarch himself. Locke’s philosophy, in fact, was one of the main contributors towards a movement of “Enlightened Monarchs” who believed that their legitimacy as monarch came not from a divine source, but from the consent of the governed.

Rousseau was clearly against a representative government in theory. In his Social Contract, he writes, “Sovereignty cannot be represented, for the same reason that it cannot be alienated; its essence is the general will or it is something else ... Thus the people's deputies are not, and could not be, its representatives; they are merely its agents; they cannot decide anything finally. Any law which the people have not ratified in person is void; it is not a law at all.” This quote is his most direct attack against a representative democracy and reveals his staunch opposition to the belief that a representative democracy can actually “represent” the people. For Rousseau, another person cannot truly possess another person’s sovereignty and make decisions as a proxy because the point of the government is to guarantee that sovereignty to begin with, thus making any representative system an inescapable paradox. It should be noted, however, that Rousseau ultimately conceded to an imperfect system of representative democracy because it did have the advantage of being able to support larger numbers of people.

Montesquieu, much like Locke, never blatantly supports democratic governments. In fact, in Book 3 of his Spirit of Law, he insinuates that a democracy may be the hardest government to maintain: “There is no great share of probity necessary to support a monarchical or despotic government. The force of laws in one, and the prince's arm in the other, are sufficient to direct and maintain the whole. But in a popular state, one spring more is necessary, namely, virtue.” While he is highly critical of the mechanisms a representative democracy would need to be functional- namely high virtue- he seems even more adverse to direct democracy than representative democracy. Montesquieu states that “The principle of democracy is corrupted … likewise when they fall into a spirit of extreme equality, and when each citizen would fain be upon a level with those whom he has chosen to command him. Then the people, incapable of bearing the very power they have delegated, want to manage everything themselves, to debate for the senate, to execute for the magistrate, and to decide for the judges.” Montesquieu states that in a society, men must give up some of their equality so that those in power, by power of virtue, can make laws to protect men and their equality and rights. Thus, for men to be truly equal, as in a direct democracy would be to re-enter into our natural state of being. Thus, Montesquieu’s argument itself could be construed as an attack on the legitimacy of a direct democracy. His closing words to the essay seem to be a warning that a direct democracy is not a valid form a government, but rather an advanced form of the state of nature: “In the state of nature, indeed, all men are born equal, but they cannot continue in this equality. Society makes them lose it, and they recover it only by the protection of the laws. Such is the difference between a well-regulated democracy and one that is not so, that in the former men are equal only as citizens, but in the latter they are equal also as magistrates, as senators, as judges, as fathers, as husbands, or as masters.”

More than meets the eyes...

Yes people. That graphic on the top that says pull, you do pull it.

Sometimes you shouldn't press the red button; but sometimes, like in this instance, you should.
Enjoy!

Do we need a balanced budget?

Ronald Reagan once quipped that “the nine words Americans fear most are ‘I’m here from the government’ and ‘I’m here to help.’” Unfortunately, it seems that this quote fits perfectly in today’s fiscal situation, as more and more Americans are becoming increasing scared of the looming federal debt, which has grown tremendously over the past six years. In March 2006, the United States Congress passed a bill to raise the nation's debt ceiling to $8.96 trillion. On September 28, 2007, merely eighteen months later, Congress passed a law to further raise the debt ceiling to $9.815 trillion, this raise will be the fifth time the debt ceiling has been increased since Bush’s administration. Given that the national debt is continuing to skyrocket with no signs of receding, many senators and representatives have been calling for balanced budget amendment to the Constitution to force Congress to maintain fiscal responsibility. Therefore, we must ask ourselves the crucial question: “Does the federal government need a balanced budget?” While the current federal fiscal situation is unacceptable, the answer to this question is a resounding no. We can better examine this answer by delving into the following three areas of analysis: first, the harms of an increasing debt; second, the prevention of the use of deficit spending; and lastly, the increased likelihood of default.

First, it is important to establish why the federal government even needs to bother with reducing its federal debt. After all, the government is almost always in debt and nothing bad has happened. Fiscal responsibility is a crucial component of promoting the general well-being of Americans. When the federal debt increases, the American public experiences a slew of negative impacts. David Lazarus, selected journalist of the year by the Northern California Society of Professional Journalists and the Consumer Federation of California, reported in the Los Angeles Times of September 23, 2007 that “the nation's debt load will almost certainly result in … higher interest rates” for private borrowers. This impact is one of the many negative consequences of increasing federal debt and is particularly harmful considering that an increase in interest rates would reverse the Federal Reserve’s expansionary monetary policy, as indicated by its reduction of interest rates in mid-September 2007, as the CNN of September 22, 2007 reports. Therefore, the national debt must be significantly reduced.

However, a balanced budget will hurt Americans. As the Economist of October 1, 2007 notes, a balanced budget in the United States would hamper the government’s inherent duty to “promote the general welfare” of the people. This fundamental goal of the government is established in the Constitution’s preamble. Former Treasury Secretary Robert Rubin stated in the March 1997 edition of the Congressional Digest that a balanced budget prevents the government from engaging in deficit spending during times of economic slowdowns, turning “slowdowns into recessions, mild recessions into worse ones, and bad recessions into depressions.” If it were forced to have a balanced budget, the government would increase economic distress and unemployment during recessions. Furthermore, as the CNN of September 2, 1997 reports, a balanced budget would force the government to be unresponsive during a time of crisis. “For example, in September 1989, Hurricane Hugo struck the Carolinas, causing billions of dollars of damage. After President Bush [Sr.] declared a major disaster, Congress took action by appropriating $2.7 billion in emergency supplemental assistance to help the area rebuild. Under the balanced budget amendment, if the budget were otherwise in balance, this could not be done until after a vote of 60 percent of both houses.” In more current example of how a balanced budget would have been disastrous is with Hurricane Katrina, had we had a balanced budget, we would not have been able to financially help after the wake of hurricane’s destruction.

Lastly, a balanced budget will increase the likelihood of a national default. As a economist for the Federal Reserve reported in the Chicago Federal Reserve newsletter, “limits on our flexibility [to spend past our budget] would increase the risk of default on the Federal debt. The possibility of default should never be on the table. Our creditworthiness is an invaluable national asset that should not be subject to question.” Indeed, a default on the payment of our debts would undermine our credibility with respect to meeting financial commitments, and that in turn would have adverse effects for decades to come.” The reason why a balanced budget would have a reverse effect on limiting our chances of defaulting is because a balanced budget forces the government to not borrow money past a certain point, even if the government would default on a debt if it did not borrow that money. The inflexibility of a balanced budget clearly hurt the American government in the long run.


Saturday, October 6, 2007

Felix Culpa!

I just watched a fascinating anime movie called Appleseed. If you haven't watched it yet, I highly recommend it to anyone, even if you don't typically watch from the anime genre. Appleseed is great for its action and its plot, but even better for its profound technoethical inquiries into the right to life of man-made life forms and the purpose of man's existence upon the creation of a man-made life form that is intellectually and sociologically superior to man.


In a world where man's imperfections and sins act as a barrier to the continued progression of society, what do you think if the point of man's continued existence?