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Total number of comments: 12 (since 2013-11-28 16:33:04)

Butch

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  • Donald Rumsfeld: A "Trained Ape" would be better at U.S. diplomacy than Obama
    • That the same trained ape that would have done a better job than Rumsfeld as Secretary of Defense? That's one multi-faceted ape.

  • Spain, Portugal show that 50%, even 70% Power from Renewables is Possible Right now
    • Oil, gas, and nuclear power are all heavily subsidized by the US government today. Why insist that wind and solar be different??

  • Photo of the Day: Was St. Nicholas "White"?
  • Wall Street has a Cow as Town uses Eminent Domain to Help Homeowners avoid Foreclosure (Lazare)
    • There's a precedent for this from the State of Hawaii.

      Almost nobody in Hawaii actually owned the land under their houses. They only leased the land from one of the 22 holding companies formed by early missionaries to the islands ("they came to do good and they done right well"). Five of those owned much of the privately held land in the islands. Sometime in the 70s (IIRC) the state realized that most of those leases were going to expire starting in the 90s and the holding companies had no intention of renewing on the original $1 for 99 years terms - they were going for some serious "revenue enhancement".

      The state decided to require that the holding companies allow homeowners to buy the land under the houses for a reasonable rate (considering the companies got the land free from local kings who had no concept of ownership or contract law). The stick was that if the holding companies didn't allow purchase, the state would take the land by eminent domain and sell it to the homeowners with the proceeds covering the compensation to the holding companies.

      It went all the way up to the Supreme Court who basically said "unusual remedy that we'd normally not allow, but the situation itself is unprecedented on this scale" and ruled for the state. Case was Hawaii Housing Authority vs. Midkiff.

  • Top Six Things Congress would do if they Cared if we are Healthy
    • Re: James

      All the cases Prof. Cole cites impose costs (or significant risks) on me regardless of how well I take care of myself or how carefully I drive (since I actually do need to go out in the world in order to make a living). I wouldn't be all that concerned if people made "their own decisions on how to kill THEMSELVES". Unfortunately, it doesn't work quite that way...

  • Legalize Pot, Save Public Education, and end Student Indebtedness
  • Five Things Rick Santorum Could have Learned in College
  • Romney: "I'm not concerned about the very poor."
    • The policies of the current (insane) Republican party are intended to make sure "the poor you will always have" AND increase their ranks by destroying the middle class.

  • 2011: End of US Hyperpower & its War with Islamdom
    • The war in Afghanistan might be considered justified, but that doesn't change the fact that it was a monumentally stupid decision, carried out badly, and dropped on the back burner the moment the Bush Administration could figure out an even flimsier rationale for going in to Iraq.

  • Christian Hate Group Targets Peaceful Muslim-Americans
    • Yeah, pretty obvious that the Isrealites are being sent on a mission to invade an already inhabited land. I'd say it's pretty damned scary in context of what they did later (Joshhua 6:21).

  • Paul, Santorum and the Sixth War (on Iran)
    • And the vast resources of a company in the "free market" will not, of course, influence the courts or other government officials in any way. It must be very comforting to live in that fantasy world of yours.

  • Downgraded US Credit Rating: What comes of Coddling the Super-Rich
    • Juan, you just restated what Jesse was saying. Yes, inflation means the creditors get paid back with money that has less value than what they loaned. That's pretty much inflation in a nutshell.

      It's also an almost classic response used by lots of countries over time as part of a strategy to improve competitiveness and work down protentially crushing debt loads. It does cause some pain for domestic creditors, increases the cost of imports, and drives up the interest rate demanded for future loans.

      Done right - which means rebuilding reserves after you get people back to work and paying taxes, it's an excellent response.

      But as has been pointed out - the US does NOT have a DEBT crisis. Interest rates are at historic lows, big companies (and the very rich) are making huge profits and sitting on the money while the US Government, with most of the Republican party office holders and too many of the Democratic office holders under the control of the corporations and uber-rich, has a totally self inflicted and very easily solved REVENUE crisis.

      Eliminate the Bush administration tax cuts, (re)close a lot of loopholes for business (you make a profit, you pay taxes on that profit), slowly trim back the US military budget to the level required for a more reasonable mission (no ruling the entire world), etc. Of course, that may make the uber-rich "go Galt" - which should result in an immediate boost in the US standard of living.

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