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Comment Re:Why read newspapers? (Score 4, Insightful) 178

Because nobody else pays people to do serious investigative journalism on a municipal level.

Newspapers serve a vital public function - they employ journalists to expose malfeasance and corruption in city governments.

You should subscribe to your local paper - even if you don't read it. Think of it as a voluntary tax, your civic responsibility to pay someone to make sure your elected officials aren't screwing you as a taxpayer.

Comment Re:Fuck Yeah! (Score 3, Insightful) 143

Yep. I was a contractor there during the dot-com bust. Watched their stock drop like a stone overnight. For the company that essentially invented cellular service, the company that managed to build a global telecommunications infrastructure, and invent Unix and C on the side - it was truly sad to see what the corporate raiders did to them.

Space

Space Junk 'Cleaning' Missions Urgently Needed 165

Following a conference on space debris, the European Space Agency has warned that the amount of space junk floating around in orbit is a problem that needs to be dealt with 'urgently.' They are calling for a number of test missions to examine different methods of controlling or removing the debris. "Our understanding of the growing space debris problem can be compared with our understanding of the need to address Earth’s changing climate some 20 years ago," said Heiner Klinkrad, head of the agency's Space Debris office. A couple years ago we discussed an idea for de-orbiting space junk by hitting it with a laser to change its momentum. An Australian company has now received funding from NASA and the Australian government to try just that. "We've been developing tracking systems using lasers for some years, so we can actually track very small objects with a laser rangefinder to very high accuracy. ... If you allow that velocity to change over a period of perhaps 24 hours, then you can get actually a 100-meter shift in the location of an object to deflect it from colliding with another space debris object." Other plans are in development as well, and there currently exists an international guideline saying that new hardware must de-orbit and burn up in the atmosphere after 25 years of operation — but compliance is lagging. Meanwhile, collision events are becoming more common (PDF), and experts worry about the safety of the International Space Station and important satellites. "Their direct costs and the costs of losing them will by far exceed the cost of remedial activities."

Comment Re:Not gonna happen (Score 3, Insightful) 291

The National Debt goes up for two main reasons: Social Security and the Trade Deficit.

The Social Security "trust fund" is a bunch of T-bills, and represents the second largest chunk of the National Debt - $2.72 Trillion. Whenever they take in more social security payroll taxes than they pay out in benefits, they put the surplus into T-bills. Those T-bills are then counted as part of the National Debt.

In other words,

1. We owe this chunk of the National Debt to ourselves - to old people and sick people

2. The Social Security Payroll Tax is not really used for Social Security - it just goes right back into the general fund, and even worse, the general fund has to pay interest to Social Security, which means we're even more screwed than you thought.

The other reason the national debt keeps going up is due to the trade deficit.

We buy Chinese goods in Dollars. We pay them in Dollars. They can't use dollars in their domestic economy for anything - worthless paper to them. They'd have to plow the dollars into American goods to make use of them, but they don't do that. They don't buy enough of our stuff, so instead of stuffing that cash in a vault somewhere, they buy a bunch of T-bills so they can collect interest. That accounts for the largest chunk of the national debt, over 5 Trillion.

Important to note that, no matter what happens with spending, the national debt will continue to grow because of these two things. Blaming the national debt on spending alone is not accurate.

More reading and sources for my numbers are here.

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