The key metric in the credibility of an electoral system is what is the maximum amount of fraud that can be committed with a small number of people. The paper ballot system is a remarkable piece of engineering when you stop and think about it: you have to be physically present to vote and the physical ballot is accounted for at all times, making ballot stuffing difficult to pull off on a large scale by a small number of people. The observation and counting of votes is distributed, likewise limiting the scope of an fraud.
In any electronic system, the vote moves through countless devices that could be corrupted internally or externally. Any attempt to identify fraud using statistical deviation from polling numbers now trusts the pollsters (whose numbers were wildly skewed in the final days of the last election) as much as the actual vote.
In any centralized counting system, is going to be IT team that the nation has to have absolute trust in: their intregrity, their flawless execution and their ability to detect any tampering.
Note that tampering not only covers changing the results and ballot stuffing, but also removing the veil of annonymity. In an increasingly polarized environment, being flagged in party's database as an enemy voter could easily come to affect how your career prospects in government and how you are treated by a beaurocracy
Finally, its not enough that the election is not tampered with, it needs to be provably tamper-free. It's not enough for the chief electoral officer to be satisfied with the results, the public needs to be confident that for systematic tampering to have occurred that it required a conspiracy too large to realisticly remain secret.
I would argue that the mere fact that the threat of a default was bargaining chip on the table makes a downgrade justified.
Either the last month was all empty rhetoric or it wasn't. The fact that the threat of forcing a default elicited significant concessions proves that it was considered a legitimate risk and therefore, a downgrade makes sense.
I didn't discover the web until 94 but I have fond memories of going to yahoo and skiimming through all the new websites on the Internet each week.
When I look back at my predictions from those early years, I was right about predicting the emergence of services like ebay, wikipedia, online newspapers and how the web would eventually supplant tv as the number one medium for wasting time.
I imaged social networking would be a bit like slashdot but that everyone would have their own personal webservers and that discussions would unfold as flat files. I imagined there would be tools that aggregated all the homepage discussions of your friends into threads of a single feed of "what's new and hot" and that you wouldn't care so much about modding comments up or down because it was all happening within smaller communities and if you didn't like a thread, you'd just drop it from your feed.
I was mostly wrong about universities (I thought that they would eventually become completely redundant with the web but they actually seem to be enduring more intact and unchanged than any other part of society). I was also worried that the decline of mass media in favour of user-to-user communication and hiveminds would mean an explosion of new relgions and religious-type thinking, but even though hiveminds are a problem on the web, they aren't as much of a problem as I had expected.
I also expected that there would be a lot more sentimental/poetic websites - I imagined a web of maps of the world would emerge, marked up with layers of memories, comments about why people found certain locations, virtual graffiti or game-like systems using real maps. Sort of a google maps / geocaching mix
Even in a near-steady state, there are pockets that expand and displace their surroundings at an exponential rate. Within the ecology of the planet, humanity itself is an example of this.
One possible "steady state" economy may be a continuous froth of bubbles - pockets of exponential growth draining money from the rest of the economy. Seen through the eyes of those riding the bubbles, it would look little different than our exponentially growing economy, you just have a much larger percentage of the population of the edges of society dropping off into the gutter during crashes.
As we get closer to the limit of *global* economic growth, is there really any point at which we shouldn't still reward *local* economic growth? Do the merits and flaws of different economy systems really change depending on whether or not you are playing a zero-sum game?
He can't because there's a law capping the amount that can be printed bills. However coins are handled by a seperate law that fails to specify a limit on denomination.
Of course a president shouldn't do this - spending authority is supposed to come from Congress, but Congress has given the President contradictory orders: it has passed a budget that mandates spending, then turned around an said it might deny him the authority to raise the money to carry out the orders. At the same time, the 14th Ammendment says that public debt *must* be honored. So how does a president resolve the conflicting orders?.
If the debt ceiling is not raised, then whatever he does whether it's spent or default, will come down to some technicality/loophole. Openly talking about actually doing to the trillion dollar coin or defaulting on debt is basically acknowledging that we're down to the endgame of this silly debate. The Debt Ceiling is a stupid concept - the debate over how far to go into debt belongs in the budget. Cutting it out of the budget and treating it like it can somehow be a seperate issue is just a recipee for pointless bickering and brinksmanship.
Our OS who art in CPU, UNIX be thy name. Thy programs run, thy syscalls done, In kernel as it is in user!