The US needs, (or thinks it needs)to increase the national debt ceiling. Which we have hit. Treasury figures they run out of money beginning of August, say eight weeks.
Republicans are reluctant to do this. They are milling around, making ugly noises, but they haven't figured out what they want as a trade for raising the debt ceiling.
They could ask for ending farm subsidies, and abolishing the Agriculture Dept. They could ask for abolishing the Education Dept. They could ask for a balanced budget amendment to the Constitution. They could ask for tax reform. They could ask to abolish the EPA.
They ought to ask some damn thing...
Saturday, June 11, 2011
We must be doing something right.
This website ranks NH first in freedom in the United States. What's no to like?
Greece, the debt bomb.
Apparently one of the things keeping the Greeks afloat, is the European Common Bank, who fears that a Greek default will crash some sucker banks that bought a lot of Greek bonds 'cause they liked the high interest rate. So the EU is trying to find support to loan the Greeks a wad of Euro's that the Greeks can use to pay off their bonds, which will save the sucker banks from big losses. In short, the ECB wants to transfer the losses from the sucker banks to the European taxpayers. There is a good deal of resistance to this idea among German taxpayers, and the resistance is rising daily.
Sooner of later something has got to give. The Greek government is still spending more than they take in taxes and covering the difference by borrowing. They owe something like 130% of GNP, which, to be real about it, they can never pay off. The EU bailout payments just push the day of reckoning into the future. Reportedly one IMF official uses the sound of a can being kicked down the road as his ringtone.
This is kinda like watching a bull fight, to see who gets gored first, the sucker banks or the taxpayers.
Sooner of later something has got to give. The Greek government is still spending more than they take in taxes and covering the difference by borrowing. They owe something like 130% of GNP, which, to be real about it, they can never pay off. The EU bailout payments just push the day of reckoning into the future. Reportedly one IMF official uses the sound of a can being kicked down the road as his ringtone.
This is kinda like watching a bull fight, to see who gets gored first, the sucker banks or the taxpayers.
Nuclear Regulatory Commission
The news has been carrying stories of unprofessional conduct on the part of Obama appointed NRC chairman Gregory Jaczko. According to the Wall St Journal, Jaczko was appointed to kill off the Yucca Mountain nuclear waste depository. This was to make the Nevada greens happy and get them to vote Obama in 2008. Jaczko has been accused of various illegal and unethical actions by the NRC inspector general. The affair ought to be on TV this coming week as Congressional hearing get under way.
A couple of things one ought to know, that the MSM doesn't talk about.
First, the nuclear wastes, actually spend fuel rods from commercial power reactors, don't need a super expensive under mountain storage facility way out in the desert. Fuel rods removed from reactors are placed in pools of water (swimming pools essentially) on the reactor site. They are very happy there, and it's safe, and economical. They can stay there, just about forever.
Second, if we were to recycle the fuel rods, the problem would go away. The spent fuel rods are still 90% fissionable uranium. All that is necessary is to remove the 10% fission products and you have most of a new fuel rod, ready to go on producing more electricity. Most other nuclear countries recycle their fuel rods.
What we really have here is a political contest between the greenies who want to shut down nuclear power generation, and the NIMBY's who don't want Yucca Mountain to open up in their state.
A couple of things one ought to know, that the MSM doesn't talk about.
First, the nuclear wastes, actually spend fuel rods from commercial power reactors, don't need a super expensive under mountain storage facility way out in the desert. Fuel rods removed from reactors are placed in pools of water (swimming pools essentially) on the reactor site. They are very happy there, and it's safe, and economical. They can stay there, just about forever.
Second, if we were to recycle the fuel rods, the problem would go away. The spent fuel rods are still 90% fissionable uranium. All that is necessary is to remove the 10% fission products and you have most of a new fuel rod, ready to go on producing more electricity. Most other nuclear countries recycle their fuel rods.
What we really have here is a political contest between the greenies who want to shut down nuclear power generation, and the NIMBY's who don't want Yucca Mountain to open up in their state.
Thursday, June 9, 2011
Simvastatin will kill me?
NHPR got my attention this morning when it ran a piece about the FDA bashing the anti cholesterol drug Simvastatin. I happen to be on Simvastatin, so that story struck right home. The FDA spokeman was strongly against use of Simvastatin and said it should have been taken off the market years ago. There are many other drugs that are better. Well, yes there are, namely Lipitor. Trouble is, Lipitor costs $3 a pill, Simvastatin costs $0.13 a pill at Walmart.
So I googled to find out what is going on. FDA ran a big study, 6000 people using the big 80 mg dose of Simvastatin and 6000 people using the smaller 20 mg dose. Less than 1 percent of the 80 Mg users came down with a rare muscle ailment that I never heard of. Less than 0.1 percent of users of the smaller 20 mg dose suffered from the same ailment. Well, that's statistically significant. The FDA gave no information linking the difference in risk to the drug, as opposed to underlying conditions in the patient. Patients taking the 80mg dose are doing it 'cause their cholesterol counts were higher and needed a stronger dose of Simvastatin to control it. Could be that patients with higher cholesterol counts are more vulnerable to the rare muscle ailment, but we will ignore that.
Checking my medicine cabinet I find I'm taking the 40 mg dose, not the 80 mg dose, so I'm OK there. Plus, rare muscle ailment usually strikes within a year of starting Simvastatin and I've been on it for longer than that.
So I googled to find out what is going on. FDA ran a big study, 6000 people using the big 80 mg dose of Simvastatin and 6000 people using the smaller 20 mg dose. Less than 1 percent of the 80 Mg users came down with a rare muscle ailment that I never heard of. Less than 0.1 percent of users of the smaller 20 mg dose suffered from the same ailment. Well, that's statistically significant. The FDA gave no information linking the difference in risk to the drug, as opposed to underlying conditions in the patient. Patients taking the 80mg dose are doing it 'cause their cholesterol counts were higher and needed a stronger dose of Simvastatin to control it. Could be that patients with higher cholesterol counts are more vulnerable to the rare muscle ailment, but we will ignore that.
Checking my medicine cabinet I find I'm taking the 40 mg dose, not the 80 mg dose, so I'm OK there. Plus, rare muscle ailment usually strikes within a year of starting Simvastatin and I've been on it for longer than that.
Wednesday, June 8, 2011
CEO of Government Motors calls for gas tax hike
Story is here. Aren't you glad to have your tax dollars bail out this company? Also note the comments on this article, most of them are in favor of the proposed gas tax hike.
Pilot Error
Last year Air France flight 447 disappeared over the south Atlantic. No distress calls, just gone. After a year long search of deep sea bottom, the wreck was located and the flight recorders were recovered from 10,000 feet. They must build 'em right cause after a year on the bottom of the ocean, they still work.
The flight recorders reveal that the aircraft, cruising at 38 thousand feet, had the autopilot suddenly trip off line, leaving the pilot[s] to hand fly the aircraft. This they failed to do. The aircraft went nose up and stalled. And stayed stalled, the pilots never pushed the stick forward to put the nose down, gain airspeed and fly out of the stall. The stall warning horn went off, but the aircrew failed to put the stick forward. The aircraft, stalled, fell from 38 thousand feet (seven miles high) and hit the sea.
This is really hard to believe, 'cause everyone knows about stalls, and everyone knows you push the stick forward to recover from a stall. There were three pilots on the flight deck, and not one of them came up with the right answer.
Contributing factor to the accident, the pitot tube iced up, which caused the indicated airspeed to drop to 60 knots. This is why the autopilot dropped off line, it is smart enough to know that the plane won't fly at 60 knots, something must be wrong, and it wanted the pilot to take over. Unfortunately the pilots could not fly the aircraft either.
The flight recorders reveal that the aircraft, cruising at 38 thousand feet, had the autopilot suddenly trip off line, leaving the pilot[s] to hand fly the aircraft. This they failed to do. The aircraft went nose up and stalled. And stayed stalled, the pilots never pushed the stick forward to put the nose down, gain airspeed and fly out of the stall. The stall warning horn went off, but the aircrew failed to put the stick forward. The aircraft, stalled, fell from 38 thousand feet (seven miles high) and hit the sea.
This is really hard to believe, 'cause everyone knows about stalls, and everyone knows you push the stick forward to recover from a stall. There were three pilots on the flight deck, and not one of them came up with the right answer.
Contributing factor to the accident, the pitot tube iced up, which caused the indicated airspeed to drop to 60 knots. This is why the autopilot dropped off line, it is smart enough to know that the plane won't fly at 60 knots, something must be wrong, and it wanted the pilot to take over. Unfortunately the pilots could not fly the aircraft either.
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