Americans and their Guns

Thursday, 9 June 2011 00:20 by The Lunatic

I’m really tired of seeing these news stories, pretty much every single week lately, about some kid (usually under age ten) who gets their hands on a gun and accidentally shoots themselves, a parent, sibling, or their best friend.

It’s not so much that I’m against guns; but I’m certainly against the American attitude towards guns.

Everyone is so concerned about their “right” to own a gun. But with rights come responsibility. The question shouldn’t be “do I have the right to own a gun?” – the question we should ask is “am I willing to bear the responsibility of owning a gun?”

Pro-gun advocates often invoke references to Switzerland as a country where gun ownership is high and crime is low. I lived in Switzerland for a year and just recently moved back to the USA. In Switzerland, every adult male must serve in the armed forces for at least two years, and those that have received combat training are considered “reservists” – and as such, they are required by law to keep their military issued service arms at home in case of an attack by a foreign country.

The difference is the Swiss attitude towards the firearms. Gun ownership is for the protection of the country; it’s not for personal protection, not an item that is brought out and shown off to all your friends, not something that is brought along to the bank or grocery store, not something that you can buy and sell at a flea market or local shop, and certainly not something that is left lying around for kids to pick up and play with. It is not a “right” to own a gun in Switzerland, it is a responsibility, which they take very seriously.

The Second Amendment to the US constitution states:

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.

I know the issue has been bashed to death by the courts, and everyone has very strong opinions on More...

Categories:   Politics | Social Issues
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Government Debt and Rising Interest Rates – A Dangerous Combination

Tuesday, 17 May 2011 18:41 by The Lunatic

Everyone knows that our national debt is completely out of control. But there’s an important issue that the press seems to be ignoring: the potentially devastating effect of rising interest rates.

The Federal Reserve is responsible for implementing our fiscal policy, but the Fed can not “set” interest rates – the overall market does that, based on supply and demand.  However, the Fed can influence rates by increasing or restricting money supply.  At the moment, just like in Louisiana and Mississippi, the floodgates are wide open. The bond market is awash in “virtually free” money, which is artificially keeping interest rates at historic lows.

But here’s the crux of the issue: with the floodgates open, the reservoir will eventually run dry – and the expectation is that interest rates will then rise. What happens to our federal budget when rates go up?  It could get really ugly really quickly.

Here’s why:

If you look at the chart in my earlier post, Trying to Make Sense of the Federal Budget, (the second chart, with the Social Security and Medicare numbers removed), you will see that interest payments on the federal debt clocked in at $218 billion in 2010, or 11% of our federal budget:


The weighted average interest rate of all the US debt currently runs about 2.07%.  Shorter term debt has a lower interest rate – less than .25% – and longer term debt has a higher interest rate – approaching 4.375%. When longer term debt is more expensive than short term debt, we have what is referred to as More...

Trying to make sense of the Federal Budget

Wednesday, 6 April 2011 17:00 by The Lunatic

Pop quiz: What percent of our federal budget goes to the military? 

If you look at the “official” budget numbers, the White House reports that Defense spending takes up just over 19% of our budget.

Here is what our government spent in 2010, as reported by the Office of Management and Budget and the Department of the Treasury:


At first glance, this looks like a reasonably balanced chart, without any single slice of the pie taking up too much of the available dough (the pun was intended, although the joke was – admittedly – kind of crusty).

However, there’s been an unfortunate trend which started sometime around the Reagan era, where they try to “de-emphasize” the amount we spend on Defense by including More...

Tackling the Healthcare Issue

Monday, 25 October 2010 19:10 by The Lunatic

Newsflash: The cost of healthcare in America has been out of control for many years and we really need to do something about it!

Ok, so this isn’t news. And we already have the all-new healthcare reform legislation which fixes all our problems, right?

Unfortunately, this new law – officially called the “Patient Protection and Affordable Care Act” (PPACA) but more affectionately referred to as “Obamacare” – has some problems, and now a few people are lobbying to ditch this plan so they can come up with something different.

Part of the problem with baking up a new healthcare plan is that there are so many fingers in the pie, all with vested interests – you have the healthcare insurance companies, malpractice insurance companies, pharmaceutical companies, hospital owners, nurses unions, lobbyists, medical licensing boards, government agencies (FDA, HHS, CDC, VA, CMS, etc), the politicians (who love to shoot down whatever their opponents propose, no matter what it is) ... and let’s not forget the doctors and the patients themselves.  It really is fundamentally IMPOSSIBLE to implement any reform that won’t upset someone in the chain. It’s a political nightmare, and everyone knows it – but something has to be done. More...

The Bigger Chill

Sunday, 31 January 2010 02:10 by The Lunatic

The star studded 1983 movie "The Big Chill” was about a weekend reunion of a bunch of old college friends – now in their early 30’s – who all get together for the funeral of Alex, one of their classmates who committed suicide.

The movie is poignant, intelligent, very funny, and somewhat disturbing all the same time. It’s about rekindling old friendships, coping with the shock of their friend Alex’s death, and wondering what happened to the social idealism that they all shared when they attended the University of Michigan in the late 60’s. They were all anti-establishment, idealistic, smart, enthusiastic, with a vocal desire to change the world and make it a better place.

Alex, now deceased, was a charismatic science major. Everyone thought he was the most intelligent one of the bunch – and their mutual friendship really survived through the years because of him. He was the glue that kept them all together, but he was never able to get his own life straightened out.

Now, in 1983, they realize they are becoming the conservative “establishment” that they protested against in college.  More...

Hey, let’s blame it all on Obama!

Monday, 5 October 2009 12:43 by The Lunatic


A good friend of mine forwarded the following email to me the other day.  Now, before I begin, this friend is one of the smartest people I know.  He is the CEO of a rapidly growing company, introducing successful new products into the marketplace even in this economy. He is a vocal Republican, so all I ever heard from him for about 20 years was that “it’s the Democrats fault” when referring to ANY problems in the world.  I’m neither democrat nor republican, so it's never bothered me any.

But then, halfway through the second term of the Bush administration, he swung around and admitted that maybe it’s not ALL the Democrats fault, the Republicans need to take some part of the blame for the state of the world’s affairs. And horror of horrors, he hesitantly (accidentally?) said some positive remarks towards Obama during the election (but really, I think it was more of an anti-McCain sentiment than anything, in one email he said “clearly McCain is an even worse war monger than Bush, very scary.  I bet he never met a weapon he didn't buy.”)

However, he’s back to his lovable More...

Categories:   Economics | Politics
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What are we REALLY bailing out? Not mortgages ...

Monday, 23 February 2009 19:57 by The Lunatic

There is absolutely NO WAY that any kind of a mortgage bailout will be fair.  The people who would benefit from mortgage assistance are generally the ones least likely to deserve it.

Hardest hit are people who either bought a bigger house than they could really afford, and people who snagged one of those great “no money down” loans.  Are YOU willing to subsidize someone who is living in a luxurious home they shouldn’t have been able to afford in the first place?  Is that the kind of behavior that we are trying to encourage?

Absolutely not!

While I do have great sympathy for someone who is losing their home after 20 or 30 years, let’s look at the reality of who this might be:

Assume someone bought a house More...

Categories:   Economics | Politics
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Statehood for the District of Columbia? NO WAY!

Wednesday, 21 January 2009 17:23 by The Lunatic

It sure is interesting living in Washington D.C.

I’m not talking about the inauguration yesterday, which was spectacular by the way – but in general, you just can’t get away from politics here.

The latest issue that’s getting my goat is this idiotic push to make Washington DC the 51st state.  The DC license plates proudly proclaim “Taxation without Representation” and there are posters all over the city pushing for DC statehood.

The underlying issue is the fact that DC has no representation in congress.  Some residents feel that More...

Categories:   Politics | Social Issues
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Three Tax Laws That Should Be Changed Immediately

Wednesday, 17 December 2008 16:13 by The Lunatic


Tax reform is coming - again (and again, and again!)  It seems that every few years, the government realizes that the tax code is broken and they make a bunch of changes to "fix" it. More precisely, they usually ADD a bunch of new laws, making the labyrinth of regulations so complex that not even the trustiest and experienced of tax advisors can really say what's what anymore.

There are three tax laws that, in my opinion, should be first on the chopping block:

  • The Alternative Minimum Tax

This is one of the least popular (if ANY tax law can be considered "popular") regulations on the books.  It came about in 1970 as a way to make sure that the wealthy paid some minimum tax, no matter how More...

Categories:   Economics | Politics
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Why doesn't McCain just say "I'm Sorry" to Jackson Browne?

Thursday, 20 November 2008 21:08 by The Lunatic


I've done a lot of media licensing in my life.  A lot .... hit songs, video clips, still images (including a picture of Elvis Presley once, that was fun). I'm fairly up to date on licensing laws and procedures, and I have a high regard for artists rights. And I certainly wouldn't dream of using someone's copyrighted material in a national advertisement without their permission. 

So why is John McCain trying to sue Jackson Browne after he used "Running on Empty" without permission?  This is just plain stupid:

Basically, McCain's campaign used Jackson Browne's hit song "Running on Empty" in an ad that targeted Obama's energy plan.  Jackson Browne sued, rightfully so, stating that More...

Categories:   Politics
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Death and Taxes. Ok, just taxes.

Thursday, 20 November 2008 18:22 by The Lunatic


Americans are spoiled.

We want to have a semi-socialist government that provides entitlements and health care, but no one wants higher taxes to pay for it. We want high wages, but then we complain when everyone buys cheap foreign made goods. We're straddled with trillions of dollars of debt, and no one wants to raise taxes to pay for it. We want it all, and we don't want to pay for it.  Spoiled.

Something has to give!

Believe me, I think our taxes are too high as it is and I don't want to pay any more - especially when the money is being spent on an idiotic war that has no end in sight, on a bailout which has very little chance of saving our debt driven economy, and social programs that give freebies to people that really don't contribute much in return. But let's be realistic.

For 150 years, we've gone More...

Categories:   Economics | Politics
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Lets apply for a job with the Obama administration and see what happens!

Thursday, 13 November 2008 19:06 by The Lunatic


For the last two days, I've seen numerous reports calling for job seekers to submit their resume's on Obama's website

I'm a seasoned manager with great credentials.  I have very few skeletons in my closet, and as an added bonus I am currently living in Washington D.C.  So I've decided to give it a try.  I filled out the "expression of interest" form last night. 

Lest you think I'm doing this as a joke - I'm not.  Although I don't really NEED a job at this point, I would seriously consider the opportunity if I manage to get through the vetting process. I'm curious if they'll even respond to my "expression of interest" (that's such a politically correct way of stating it.  Hmmph.)  An MSNBC news report published today says that administration applicants will go through the most "extensive and invasive" application process ever.  They will review all blogs, More...

Categories:   Politics
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He's "Bi-Racial", not "African American"

Wednesday, 5 November 2008 22:07 by The Lunatic


It's time for the press to stop bringing up Barack Obama's race whenever his name is mentioned.  It's only been one day, and it's already getting tiring. For one thing, Obama is bi-racial.  His mother was white and his father was African American.

But that doesn't matter.  What matters is whether or not he is the right person for the job.  I don't give a rats ass if he's green, pink, tan, black, or bluish purple. Yes, it is a big deal to be the first obviously bi-racial president - I'm not denying that (reportedly, there have been others, but they were "mostly white").

In any event, the leadup to this election has been in the works for a long time.  At one point, in some city, we must have had the first black mayor. And I'm sure that was big news at the time.  I'm not sure who/when/where it was - but no one bats an eye anymore when a black man (or woman, or Chinese, or Indian) is elected More...

Categories:   Politics | Social Issues
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Counting down the days to the new administration

Wednesday, 5 November 2008 06:42 by The Lunatic


The Bush administration will go down in history as one of the worst - make that the absolute worst  - in U.S. history.

George Bush Senior should whip the president's ass with a ping pong paddle for making such a mess of things.  In public.

In the last 8 years, the U.S. has gone from a country that was mostly admired to being universally hated. We have a government that meddles where it shouldn’t, openly provokes fights with anyone that doesn’t agree with our philosophies, and bullies our friends and enemies alike.  Ok, much of that has been going on since well before Bush became president, but he certainly has brought it to new heights.

McCain is unbelievably antagonistic, even worse than More...

Categories:   Politics
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Election Day 2008

Monday, 3 November 2008 14:09 by The Lunatic

* * *

I'm writing the first entry to my new blog on the day before the Presidential Election, 2008.  Whew, what a mess!

As you'll find within these pages, I have absolutely NO allegiance to either political party - but I share the nation's disgust with the mess that the Republican Party has made of things. On a personal level, I could never vote for John McCain - he is a whiney little weasel, and his whole demeanor is not what I would expect from a seasoned politician and presidential candidate.  His whole "let me tell you something my friends" shtick makes me feel like I'm listening to a used car salesman. I went in to the campaign season with an open mind, but I was REALLY turned off by McCain during the first debate. First off, when backed into a corner with a very logical and well presented argument, he always came back with a very condescending response - trying to make it look like it was Obama who didn't understand the issue.  Obviously, logic and reason don't matter much to him. I found it very insulting.

But the real capper was one sentence during the debate.  When talking about budget issues, McCain said More...

Categories:   Politics
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