Tuesday Highlights

Good morning.

  1. Gosh, liberal aghast Romney using the Obama camp SOP. Watch and wait, pretty soon Romney will have a catchy meaningless slogan like Hope/Change.
  2. Why is the government solution to everything “hand out bags of money” and wait for the bubble to bust and make everything worse?
  3. When you get banned from a comment “for profanity” it works better if the banned content contains actual profanity.
  4. The Buddhist banned from communion still in the news. Truth is stranger than fiction.
  5. An attempt to help the poor.
  6. Unintended consequences.
  7. Naivete as argument, there (apparently) is not “a variety of facts.” “Fact” has only one “kind” … the fact that you love your wife, that the revolutionary war was about taxation, that you are conservative (or liberal), and that the mass of the electron is .5 Mev are exactly the same sort of facts. Riiiight.
  8. Here’s the memo. Not getting the memo … for example here. What part of “dead relatives” do people not get? Or is she angry that she’s related to Mormons?
  9. Mr Gore now encourages electoral fraud.
  10. So, do you wish you were there?
  11. Grist for the insurance and coverage debate (follow the two linked links).

7 responses to “Tuesday Highlights

  1. 4.The Buddhist banned from communion still in the news. Truth is stranger than fiction.

    Sounds like the priest isn’t such a good Catholic after all.

  2. 3.When you get banned from a comment “for profanity” it works better if the banned content contains actual profanity.

    Screw him. A few years ago I noticed some of my comments were getting nixed from Chicagoboys. I inquired what was up and got a message back that it was probably the thread’s author who did it and don’t bother asking why. IRKed I decided to rarely comment there again.

    Since then, though, they might have made their comment system more professional so maybe they merit a 2nd chance. But I’m still a skeptical customer of theirs so I’ll hang with you here!

  3. 9.Mr Gore now encourages electoral fraud.

    Better watch it, you’re subject to libel lawsuits just as much as anyone else. Mr. Gore can end up owning your 150 mpg super-electric car after all!

  4. 2.Why is the government solution to everything “hand out bags of money” and wait for the bubble to bust and make everything worse?

    Not very sensible. Total student loan debt amounts to about $704B. Total personal income in 2010 was $12.357T (see http://bber.unm.edu/econ/us-tpi.htm). Note that was a serious recession year, nonetheless still higher than 2009 which was $11.917T.

    So basically student loan balances are about 5.7% of yearly personal income.

    In contrast, auto loans are about $1.711T or 13.8% of personal income in the US. Cars, though, simply depreciate in value once you drive them off the showroom floor. College degrees, though, earn income (on average $1-$2M in additional income over a person’s life). So while there’s individual horror cases, I’m not seeing where a real argument is for either a bubble or major problem.

  5. Boonton,

    Better watch it, you’re subject to libel lawsuits just as much as anyone else.

    Hah! Now that he’s got your go-ahead to call me a slut, after all voter fraud must be kinda anti-America/American (although looking at our history and being close to Chicago perhaps voter fraud is more American than protesting it).

  6. Boonton,
    I wasn’t aware the government backed most of the auto-loans. Who knew … and where’d you find data to support that.

  7. True gov’t does back many student loans, on the other hand student loans are much easier to collect than car loans. You can’t repossess a college degree but auto lenders can’t easily attach your wages, take your income tax refund, dock your social security. Even if they get a judgement against you, they have to do the investigative work of finding out where you work, where you bank etc. The IRS won’ t help out. Even that, though, doesn’t trump the fact that student loans can’t be discharged in bankruptcy. So yes I can see why student loan debtors feel the burden is very onerous, but the ‘bubble’ argument would be centered on those backing the loans and there the case just doesn’t seem very good. Unless a kid dies early or spends his entire life as a deadbeat, I’m almost guranteed to get a student loan paid back. As for student loan debt being exceptionally burdenful in a macro sense, well I gave you the hard numbers, the case isn’t there. America can pay off half its student loans with just a year’s worth of cost of living increase if it wanted too.

    Re: Gore. I’m not seeing where Gore argued for electorial fraud. Saying someone advocated criminal activity when they didn’t is in fact libel. In the UK it might actually be a crime but in the US it just subjects you to civil liability.

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