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Comment Several Inconvenient Truths About The Debt Ceiling (Score 4, Informative) 932

- Not one penny of US debt has been repaid for 51 years: the last time US government funded debt actually decresed on a year-over-year basis was 1960
97% of today's funded debt has been accumulated since August 1971 - the end of the Bretton Woods era by Nixon, and the terminal delinking of all fiat currencies from any and all hard assets, ushered in the era of modern-day hyper-debt insolvency
- Obama projects 2.5% Fed Funds rate in budget calculations through 2020. Average Fed Funds rate since 1980: 5.7%; Since 2008: 0.00%, If average 5.7% rate was used, projected US deficit would increase by another $4.9 trillion by 2020
- Obama projects 4.2% growth rate over next 3 years. If a normal growth rate of 2.5% is used, deficits would increase by another $4 trillion by 2020
- The US government borrows 40-50 cents for every dollar it spends. A balanced budget would mean cutting government spending in half.
- Implementing a balanced budget would not reduce current debt outstanding. It would merely stop it from growing.
- Over the past three fiscal years US debt grew by over $1.5 trillion per year: this is more than three times the record annual debt increase in any previous year in US history
- Last night deficit reduction targets were cut from $4 trillion to $2 trillion over the next decade, in exchange for a $2.4 trillion debt ceiling hike, which will last the Treasury until the next presidential election. Said otherwise, the Treasury needs to fund a $2.4 trillion hold over the next 15 months. Over a decade this come to $20 trillion: ten times more than the proposed deficit reduction.

In other words, cut the US budget in half to stop the situation from getting worse. Then start working on your debt mountains.

Comment Re:Problem (Score 1) 173

Their damn problem if they get cut off. By staging examples and publicizing them, other companies will stop working for spammers.

A similar method is used against drug dealers in some countries - deal 15g of hard stuff, get an appointment with the hangman. And drug dealing is harder to catch than spam-based credit card processing.

Comment Re:Bioterrorism (Score 1) 157

A antibiotics-resistant version of Yersinia pestis would be optimal - high killing rate, high infection rate, and the disease spread can only be stopped with drastic measures.

If I were a terrorist, I'd forego using Ebola since this disease kills it's host rather fast. Too fast for a successful spread of the disease.

It's funny.  Laugh.

Man Spends 2,200 Hours Defeating Bejeweled 2 179

An anonymous reader writes "A California steel contractor spent 2,200 total hours over the last three years racking up a high score in Bejeweled 2. He exceeded the 2^31-1 maximum score programmed for the score display, proving that there is, in fact, an end to the game. I suppose congratulations or condolences are in order."

Comment Re:Fix the real problem ? (Score 1) 385

They tried that in the UK, in Germany and some other places. And guess what - they still have guns. Better use ShotSpotter if it really works, at least with non-sound-suppressed guns.

The problem is not the huge amount of guns (Switzerland, Norway, Finland and even Sweden have a rather high gun density, but rather little violent crime), but the social breakdown of society. If you want to fix that, it's either by making these people think that legal work is more desirable than ten years in a hellhole of jail, or by simply having a death squad clean up the gangs, sans due process.

Comment Re:In Europe PayPal IS a bank, right? (Score 1) 509

Down in Switzerland, they need to be registered as a financial intermediary, at least. Which basically means that if they aren't, any enterprising lawyer could catch them for not fulfilling the legal rules regarding money laundering. And regardless of what they talk about tax laws, the Swiss money laundering rules are strict.

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