Wednesday, February 15, 2012
Monday, February 13, 2012
Obama's New Budget Doesn't Add Up
I don't understand the math for the Department of Education in Obama's new budget.
First, we have a new $8 billion program to get community colleges to actually train people for jobs that are going unfilled.
Second, we have a reduction of college loan interest rates from 6.8% to 3.4%. According to House Education and Workforce Committee Ranking Member George Mille (D-CA) and Rep. Ruben Hinojosa (D-TX), this will give more than $2,800 per year to about 7 million undergraduates.
Seven million times $2.800 is about $17.6 billion.
Finally, there's the $2,500 "partly refundable" tax credit for college education. There are about 21 million students currently enrolled in college programs that would qualify for this credit. This tax credit is aimed at "low income families", which the government defines as families earning less than $160,000. Wow. That's almost 4 times the median household income, and enough to put a family in the top 5% of household income. That's what happens when you let millionaires write the laws: they decide that someone earning $80 an hour is "low income".
Anyway, let's be conservative and assume that only 80% of those 21 million qualify for the credit. That's another $42 billion.
Forty-two billion plus $17.6 billion plus $8 billion is $67.6 billion.
But the article says that the Dept. Of Education budget is only going up by 2.4% (to $69.8 billion).
So there are $67.6 billion in new programs squeezed into a $1.6 billion budget increase?
Which means these proposed expenditures are hiding somewhere else in the budget...
Saturday, February 11, 2012
50 Albums For A Desert Island
|
Rank
|
Artist
|
Album
|
|
1
|
The Beat
|
I Just Can't Stop It
|
|
2
|
Red Hot Chili Peppers
|
Californication
|
|
3
|
Oingo Boingo
|
Dead Man's Party
|
|
4
|
U2
|
War
|
|
5
|
The Police
|
Outlandos d'Amour
|
|
6
|
The Clash
|
London Calling
|
|
7
|
Madonna
|
Like A Prayer
|
|
8
|
R.E.M.
|
Murmur
|
|
9
|
Duran Duran
|
Rio
|
|
10
|
Bruce Springsteen
|
Born To Run
|
|
11
|
Fleetwood Mac
|
Rumours
|
|
12
|
Dire Straits
|
Love Over Gold
|
|
13
|
Queen
|
A Night At The Opera
|
|
14
|
The B-52's
|
The B-52's
|
|
15
|
Good Charlotte
|
The Chronicles Of Life And Death
|
|
16
|
Elvis Costello
|
This Year's Model
|
|
17
|
Rush
|
Permanent Waves
|
|
18
|
The Who
|
Who's Next
|
|
19
|
Yes
|
90125
|
|
20
|
David Bowie
|
Changes
|
|
21
|
Everclear
|
So Much For The Afterglow
|
|
22
|
Elton John
|
Goodbye Yellow Brick Road
|
|
23
|
Van Morrison
|
Astral Weeks
|
|
24
|
Blues Traveler
|
Four
|
|
25
|
The Rolling Stones
|
Let It Bleed
|
|
26
|
Depeche Mode
|
Violator
|
|
27
|
311
|
Transistor
|
|
28
|
Genesis
|
Abacab
|
|
29
|
Public Enemy
|
Fear Of A Black Planet
|
|
30
|
Roxy Music
|
Avalon
|
|
31
|
Sting
|
Ten Summoner's Tales
|
|
32
|
The Cure
|
The Head On The Door
|
|
33
|
Hole
|
Live Through This
|
|
34
|
No Doubt
|
Tragic Kingdom
|
|
35
|
The Specials
|
The Specials
|
|
36
|
The Offspring
|
Smash
|
|
37
|
Peter Gabriel
|
Peter Gabriel (1982)
|
|
38
|
Jethro Tull
|
Aqualung
|
|
39
|
New Order
|
Substance
|
|
40
|
Cake
|
Comfort Eagle
|
|
41
|
Owl City
|
Ocean Eyes
|
|
42
|
The Smiths
|
The Queen Is Dead
|
|
43
|
Led Zeppelin
|
Led Zeppelin II
|
|
44
|
The Pretenders
|
The Pretenders
|
|
45
|
The Eagles
|
Hotel California
|
|
46
|
Barenaked Ladies
|
Gordon
|
|
47
|
Billy Joel
|
Glass Houses
|
|
48
|
Talking Heads
|
Remain in Light
|
|
49
|
James Taylor
|
Sweet Baby James
|
|
50
|
Coldplay
|
A Rush Of Blood To The Head
|
Sunday, February 5, 2012
Worst Ad In Super Bowl History?
OK. I realizing I'm feeling hyperbolic tonight. But my jaw dropped when I saw this Silverado ad in the first quarter.
The first 38 seconds were an amusing depiction of the impending 2012 apocalypse. But then our driver meets up with his friends and wonders why one of them hasn't arrived yet:
Chevy Driver 1: “Where’s Dave?”
Worst Call In Super Bowl History
![]() |
| Photo by Ed Yourdon |
Thursday, February 2, 2012
I'm Not Concerned About The Very Poor
![]() |
| Photos by Gage Skidmore and Robert Couse-Baker |
Click graphic for larger version (http://bit.ly/xKp1K6).
Friday, January 27, 2012
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