They don't have a debt of 10x total federal revenue. From what I can tell the federal government takes in about 2.1 or so trillion dollars. For the debt to be 10x that we would need to have 21 trillion or so in debt. To reach that we would need to increase our current debt by about 50%.
Depends on the type of debt. If it was a home loan like I have which I currently still owe about 150% of my annual income then no they wouldn't be insolvent. If it was credit card debt then yes they would be. This seems to be closer to credit card debt as they are only making the minimum payment, don't have a plan to pay it off, and it just keeps growing.
Most of the public debt of the US is actually held in the US as investments by various companies, investment funds, retirement plans, and individuals. If you are going to make some wild claim at least provide some evidence to back it up. If the provided link isn't enough how about this one that show the breakdown of the US debt that is foreign owned. China owns about 20% which is about $900 billion so extrapolating from that the total foreign held debt is about $4.5 trillion.
Now if only our elected officials would quit trying to score political points and make a real attempt to solve it. The reason that S&P gave seems to be the wrong one, but the result seems to be correct I don't think we have the political will to solve it. Currently with divided government each side can blame the other for not solving the problem but when one party is completely in control they both have proven that they won't even bother trying.
True after WWII our nation had more debt as a percentage of GDP than we currently do (I think it was something like 120%) but also we were the only large industrial nation that hadn't had all of its infrastructure bombed out. We were able to grow our way out from under that debt because we were producing things for the rest of the world since they couldn't do it. Now the pessimist in me thinks that we won't ever get out from under our current debt load, not because we can't, but because we don't have the political will to make the hard decisions. We are going to have to pay more in taxes and also cut spending, unfortunately this doesn't sound good if you have an R or D after you name since you want one or the other.
For those of you who are not familiar with that situation basically there was hyper inflation similar to what happened in Zimbabwe. At one point it became cheaper to burn paper money than to burn coal or other things for heating. Collecting the inflationary money from this era is an interesting sub category of coin/currency collecting and it isn't too expensive compared to other sub categories. I did it for a while and the old Notgelds could be purchased at a bulk rate of about a $1 for between 100 to 1000 of the notes inflationary currency is fun to collect since you can get some notes with huge numbers on them. I later moved on to war time currencies since there are some even more obscure ones and I was spending more on storing those inflationary currencies than they were worth (most would fit into the page of sleeves for baseball cards and the pages would cost more than the number of notes I could stuff in one).
I have had only a couple of cases where grading on a curve made sense. The first was in high school and there the teacher would write difficult at best tests. The interesting thing was that he would put up a histogram of test scores and there would usually be natural breaks in the groups of scores. At these breaks is where he would have the grade boundaries. Some times there would only be 3 groups some times as many as 6 but in general it worked well. It wasn't until my last year in college when taking the class "Abstract Machines and Grammars" (basically theory of computation) that I had a similar grading technique. It works surprisingly well but requires being able to write a decent test. All of the other times there was a curve it was mostly to make people feel better about themselves, and I saw it more in my gen ed classes than my science or engineering courses.
It was actually much more involved than just falling on one's own sword. See Seppuku for more details. It was really quite gruesome. It would even be appropriate for Sony to do this given the context for performing Seppuku.
Well the use of the word rare usually conjures up thoughts of things like gold, silver, uranium, or things from the platinum metal group which really are rare, but compared to things like iron, carbon, silicon, aluminum, and probably a whole host of others that are quite common.
But most of the prints that are taken are the standard ink and paper ones. I got questioned about my prints when I worked security (they would fingerprint everyone for the job) as they thought I was trying to throw off the system since I do have damaged finger prints. No one expects a series of perfectly parallel lines cutting basically perpendicular to the rest of the pattern in that area.
It actually takes quite a bit of damage to change your finger prints. I know this because mine seem to come back undamaged from normal abuse like cuts, and minor burns. I do however have a rather unique mark on one of my fingers that I got when torching a nut off a bolt and not waiting until it was fully cool, I have the thread pattern now permanently in my finger from where I grabbed it.
That wasn't until 2006, but to be fair both parties were falling over themselves to implement the most draconian measures they thought they could get away with. Russ Feingold was the only Senator who voted against the bill and it passed the house with a 337 to 79 vote. That looks pretty bipartisan to me, even if Bush wanted to veto* it he couldn't.
*You never know he might have been against it, but a snowball has better chance of making it to the center of the sun intact.
Any time my ISP does that I add the returned search site to my etc/hosts file so it will never load again as Frontier seems to like to send you to crappy search pages
For those of you wondering what ISPs are doing this the New Scientist article has it:
List of ISPs that are redirecting some search queries
Cavalier
Cincinnati Bell
Cogent
Frontier
Hughes
IBBS
Insight Broadband
Megapath
Paetec
RCN
Wide Open West
XO Communication
Charter and Iowa Telecom were observed to be redirecting search terms, but have since ceased doing so. Iowa Telecom stopped its redirection between July and September 2010, and Charter stopped in March 2011.
After the new scientist link finally loaded it does appear that this is indeed the case as one of the listed ISPs is my home ISP (Frontier). Now if only I could vote with my dollars and switch to a different ISP that hasn't done this (Charter is my other option and they "claim" to have stopped).
As I can't RTFA I do wonder if this explains some of the strangeness I see in doing searches between by work machine and my home machine. This really shouldn't surprise anyone as ISPs have been know to redirect DNS look up failures.
The GP may be referring to the protests of the tress sitters in California, but then this isn't trying to save the Redwoods and it isn't in California. Nebraska is out of the way so no one will notice and the local towns will probably enjoy the economic boom. Much like the oil boom in North Dakota.
Well to be fair there are environmental protesters who do get overly worked up about things. It is unlikely that there will be protesters in Nebraska simply because it isn't a high profile cause unlike the protests of the logging of the giant redwoods in California. There aren't protesters hanging out in front of the giant iron mines up in norther Minnesota, the pinkish/purpleish areas are the iron mines, some are still active some are not. Also like northern Minnesota, Nebraska is out of the way so no one will notice.
Well they are comparatively rare. If you look at something like iron a 13 million ton deposit is basically nothing. There is an iron mine up in northern Minnesota that claims they have mined over 800 million tons of iron ore from just the one mine. There are a number of other mines up in the iron range all of which I believe have produced more than 13 millions tons each.
As a side note if you are in Minnesota it is worth the trip up to the iron range, especially if you have a son who likes big machines. the Hull Rust mine has an old 240 ton payload capacity truck that you can go and sit in. They are currently running 400 ton trucks in the mine now and don't use those smaller trucks anymore. I was up there a few weekends ago and my 2.5 year old loved it. We saw a number of mining sites.
I work in the power grid automation field and AI is even used there to solve things like distribution of power across the grid (transmission network applications) and I have heard of it being used in or proposed to be used in vehicles to control the timing and fuel injection systems as more sensors and and data is gathered. Additionally this usually comes up when discussing switching to electronically operated valves as well. This would allow the engine to operate better across a broader range of speed, temperature, pressure and humidity.
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They don't have a debt of 10x total federal revenue. From what I can tell the federal government takes in about 2.1 or so trillion dollars. For the debt to be 10x that we would need to have 21 trillion or so in debt. To reach that we would need to increase our current debt by about 50%.
How about Texas. I would even be willing to include a couple of Bushes.
Depends on the type of debt. If it was a home loan like I have which I currently still owe about 150% of my annual income then no they wouldn't be insolvent. If it was credit card debt then yes they would be. This seems to be closer to credit card debt as they are only making the minimum payment, don't have a plan to pay it off, and it just keeps growing.
Most of the public debt of the US is actually held in the US as investments by various companies, investment funds, retirement plans, and individuals. If you are going to make some wild claim at least provide some evidence to back it up. If the provided link isn't enough how about this one that show the breakdown of the US debt that is foreign owned. China owns about 20% which is about $900 billion so extrapolating from that the total foreign held debt is about $4.5 trillion.
Just because they were wrong thousands of times before doesn't me that they can't be wrong yet again.
Now if only our elected officials would quit trying to score political points and make a real attempt to solve it. The reason that S&P gave seems to be the wrong one, but the result seems to be correct I don't think we have the political will to solve it. Currently with divided government each side can blame the other for not solving the problem but when one party is completely in control they both have proven that they won't even bother trying.
True after WWII our nation had more debt as a percentage of GDP than we currently do (I think it was something like 120%) but also we were the only large industrial nation that hadn't had all of its infrastructure bombed out. We were able to grow our way out from under that debt because we were producing things for the rest of the world since they couldn't do it. Now the pessimist in me thinks that we won't ever get out from under our current debt load, not because we can't, but because we don't have the political will to make the hard decisions. We are going to have to pay more in taxes and also cut spending, unfortunately this doesn't sound good if you have an R or D after you name since you want one or the other.
For those of you who are not familiar with that situation basically there was hyper inflation similar to what happened in Zimbabwe. At one point it became cheaper to burn paper money than to burn coal or other things for heating. Collecting the inflationary money from this era is an interesting sub category of coin/currency collecting and it isn't too expensive compared to other sub categories. I did it for a while and the old Notgelds could be purchased at a bulk rate of about a $1 for between 100 to 1000 of the notes inflationary currency is fun to collect since you can get some notes with huge numbers on them. I later moved on to war time currencies since there are some even more obscure ones and I was spending more on storing those inflationary currencies than they were worth (most would fit into the page of sleeves for baseball cards and the pages would cost more than the number of notes I could stuff in one).
I have had only a couple of cases where grading on a curve made sense. The first was in high school and there the teacher would write difficult at best tests. The interesting thing was that he would put up a histogram of test scores and there would usually be natural breaks in the groups of scores. At these breaks is where he would have the grade boundaries. Some times there would only be 3 groups some times as many as 6 but in general it worked well. It wasn't until my last year in college when taking the class "Abstract Machines and Grammars" (basically theory of computation) that I had a similar grading technique. It works surprisingly well but requires being able to write a decent test. All of the other times there was a curve it was mostly to make people feel better about themselves, and I saw it more in my gen ed classes than my science or engineering courses.
It was actually much more involved than just falling on one's own sword. See Seppuku for more details. It was really quite gruesome. It would even be appropriate for Sony to do this given the context for performing Seppuku.
Well the use of the word rare usually conjures up thoughts of things like gold, silver, uranium, or things from the platinum metal group which really are rare, but compared to things like iron, carbon, silicon, aluminum, and probably a whole host of others that are quite common.
But most of the prints that are taken are the standard ink and paper ones. I got questioned about my prints when I worked security (they would fingerprint everyone for the job) as they thought I was trying to throw off the system since I do have damaged finger prints. No one expects a series of perfectly parallel lines cutting basically perpendicular to the rest of the pattern in that area.
Mine aren't but it does take a lot of damage. Even deep cuts heal well, but really bad burns not so much.
It actually takes quite a bit of damage to change your finger prints. I know this because mine seem to come back undamaged from normal abuse like cuts, and minor burns. I do however have a rather unique mark on one of my fingers that I got when torching a nut off a bolt and not waiting until it was fully cool, I have the thread pattern now permanently in my finger from where I grabbed it.
That wasn't until 2006, but to be fair both parties were falling over themselves to implement the most draconian measures they thought they could get away with. Russ Feingold was the only Senator who voted against the bill and it passed the house with a 337 to 79 vote. That looks pretty bipartisan to me, even if Bush wanted to veto* it he couldn't.
*You never know he might have been against it, but a snowball has better chance of making it to the center of the sun intact.
As long as we are complaining about semantics, what size of cannot did they use to shoot it?
How about instead just give all of the other inmates some V1aGra, or other pills to enlarge their member.
Any time my ISP does that I add the returned search site to my etc/hosts file so it will never load again as Frontier seems to like to send you to crappy search pages
List of ISPs that are redirecting some search queries
Cavalier
Cincinnati Bell
Cogent
Frontier
Hughes
IBBS
Insight Broadband
Megapath
Paetec
RCN
Wide Open West
XO Communication
Charter and Iowa Telecom were observed to be redirecting search terms, but have since ceased doing so. Iowa Telecom stopped its redirection between July and September 2010, and Charter stopped in March 2011.
After the new scientist link finally loaded it does appear that this is indeed the case as one of the listed ISPs is my home ISP (Frontier). Now if only I could vote with my dollars and switch to a different ISP that hasn't done this (Charter is my other option and they "claim" to have stopped).
As I can't RTFA I do wonder if this explains some of the strangeness I see in doing searches between by work machine and my home machine. This really shouldn't surprise anyone as ISPs have been know to redirect DNS look up failures.
The GP may be referring to the protests of the tress sitters in California, but then this isn't trying to save the Redwoods and it isn't in California. Nebraska is out of the way so no one will notice and the local towns will probably enjoy the economic boom. Much like the oil boom in North Dakota.
Well to be fair there are environmental protesters who do get overly worked up about things. It is unlikely that there will be protesters in Nebraska simply because it isn't a high profile cause unlike the protests of the logging of the giant redwoods in California. There aren't protesters hanging out in front of the giant iron mines up in norther Minnesota, the pinkish/purpleish areas are the iron mines, some are still active some are not. Also like northern Minnesota, Nebraska is out of the way so no one will notice.
Well they are comparatively rare. If you look at something like iron a 13 million ton deposit is basically nothing. There is an iron mine up in northern Minnesota that claims they have mined over 800 million tons of iron ore from just the one mine. There are a number of other mines up in the iron range all of which I believe have produced more than 13 millions tons each.
As a side note if you are in Minnesota it is worth the trip up to the iron range, especially if you have a son who likes big machines. the Hull Rust mine has an old 240 ton payload capacity truck that you can go and sit in. They are currently running 400 ton trucks in the mine now and don't use those smaller trucks anymore. I was up there a few weekends ago and my 2.5 year old loved it. We saw a number of mining sites.
I work in the power grid automation field and AI is even used there to solve things like distribution of power across the grid (transmission network applications) and I have heard of it being used in or proposed to be used in vehicles to control the timing and fuel injection systems as more sensors and and data is gathered. Additionally this usually comes up when discussing switching to electronically operated valves as well. This would allow the engine to operate better across a broader range of speed, temperature, pressure and humidity.