Congress, as usual, is paralyzed. It can’t figure out how to extend the low-cost student loan program. Without Congressional action, the interest rate will double, from 3.4 percent to 6.8, on July 1. The cost of extending the program for a year is estimated to be $6 billion. With the economy still weak and with [...]
I’ve grown to hate presidential campaigns. No matter what either candidate does, the other guy, and the echo chamber of his supporters in Congress and the media, will attack it. Obama may be guilty of over-celebrating the anniversary of the death of Osama bin Laden, but one has to ask how the Republicans would be [...]
The big tech companies are spending billions to stockpile patents. Earlier this month Microsoft paid more than $1 million each for 925 AOL patents, Microsoft then sold 650 of them to Facebook for $550 million. Google and Apple have aggressively hoarded patents, as well. The reason? Yes, these companies still create amazing new products, but [...]
As usual, this completely dysfunctional Congress can’t seem to find the fix for Social Security. The trust fund is now estimated to run out of money in 2033, three years earlier than previously anticipated. After that, taxes will cover only about 75 percent of promised benefits. It’s still not all that hard to fix it. [...]
It’s sad to see the space shuttle Discovery being flown to the Smithsonian. Not that the shuttle hadn’t outlived its usefulness, but there’s no replacement for it, meaning that manned space exploration, at least by Americans, is over for now and likely for a long time to come. The space program, for me and [...]
Another Titanic cartoon. Hey, we only get the centennial of the sinking once. The Ryan budget, now the official budget of the Republican Party and Mitt Romney’s presidential campaign, is certainly bold. It’s also radical. Over time, it would essentially limit the federal government’s spending to defense, Medicare and Social Security, and it would drastically [...]
Sunday, April 15 is the hundredth anniversary of the sinking of the Titanic. Why is it that this event still grips the imagination today. Other ships have sunk, with greater loss of life, over the years, but none seem to fascinate like the Titanic. Perhaps it’s the colossal name, or the fact that it was [...]
I hate elections. Campaign rhetoric invariable distracts us from the real issues confronting the nation, and campaigns always seem to bring out the worst in candidates. Romney’s latest is laughable on so many levels, it’s almost impossible to parody, but I gave it a try. Based on an overheard conversation between Obama and Russian President [...]