Very sad domestic incident here in Asheville.
Hurricane Irene is dumping tons of rain along the eastern seacoast. New York and New Jersey are completely shut down. Atlantic City has been completely evacuated… Almost.
Another Al Qaeda operative has been killed in Pakistan. I hate to type that he is Al Qaeda's number two, since we've been told that multiple times before only to find out that the guy was some Al Qaeda flunky. There's not much detail on exactly how this guy was killed.
Germany is looking to shut down all of its nuclear reactors and is looking for alternative energy sources. Greece just so happens to have some expertise in solar power. It appears that some agreement has been reached between Greece and Germany. This could be good for both economies. Now, I wonder if the US could invest billions in solar power and... what am I thinking? Sorry, I forgot about the political environment. We're not to spend money on anything as a government. It just isn't going to happen.
There seems to be a new Tea Party bus tour. A chairwoman for the Tea Party Express stated, "We want Washington to live within its means, just like we do." Let me just take a moment to say there's almost nothing in this short sentence that is correct. American families have not been living within our means. American families have taken on more and more debt over the last 15 years. Currently, US household debt is a staggering $13.4 trillion. We owe a whopping 116% of disposable income. So, it is a lie to say that we live within our means. Also, this chairwoman is using the same stupid analogy that many conservatives have been using for decades. They've been using the analogy that the United States economy works exactly the same as our household budget. Nothing can be further from the truth. I don't know about your household but I do not have the ability to borrow nearly unlimited sums of money. The US government has that ability. Secondly, as we've seen in the last eight recessions since World War II, we have had the ability to spend our way out of the economic doldrums. No household can spend its way out of economic problems. Simply put, spending puts people back to work. More people working equals more tax revenue. More people working equals more people spending money at businesses and this increases business revenue. This also equals more tax revenue. It is the simple concept of putting Americans back to work which seems to elude conservatives.
Rebels in Tripoli have found the charred remains of over 50 bodies.
Gizmodo has put together the most amazing products that Apple has developed under Steve Jobs.
