August 14, 2026

While the world watches, the world’s largest debtor quibbles…

“The longer Congress fails to act, the more we risk that investors here and around the world will lose confidence in our ability to meet our commitments and our obligations,” Geithner said in a letter to congressional leaders. via Geithner warns U.S. to hit debt ceiling by May 16 | Reuters. Meanwhile, in Congress: A […]

Government shutdown: to be or not to be?

That is the question: discuss.

Newsflash: Book ownership an indicator of education levels – ksl.com

My Better-Half, always alert to improving our children’s chances, sent me an article yesterday. More books around the house will be an indicator how well our kids will do educationally, she said. According to the link to KSL.com Children with as few as 25 books in the family household completed on average two more years […]

Cutting Non-Defense Discretionary Spending Just Isn’t Enough

Cutting discretionary spending alone is not going to solve our fiscal woes. Entitlement reform must happen if we’re to maintain our economic strength. That, or raise taxes. A lot. Related articles When is $100 billion not enough? (lawafterthebar.wordpress.com) Adding up the Federal Balance Sheet (lawafterthebar.wordpress.com) The answer to why Americans are OK with more spending […]

Adding up the Federal Balance Sheet

Do you know your net worth? If you add up all your assets (cash, property, etc) and subtract all your liabilities (debts), do you know what you are worth? As a person, your net worth on paper doesn’t really account for your intangibles, like personality, education, or dashing good looks. Just your value if you sold […]

Fukushima: should people panic…yet?

How bad is Fukushima‘s radiation? It seems like each day brings a new report about contamination in food supplies, water, or a cloud blowing towards north America. How much radiation is it, though, relative to what we are exposed to daily? Relative to Chernobyl, the poster child for a nuclear nightmare? Is it bad enough […]

Jack Daniels explains the deficit (a la Politicalmath)

Because it’s been one of those days, I give you a lesson in the federal deficit.