Thursday, September 19, 2013

Cato Institutue's Resdient Climate Science Fake Skeptic Finally Takes What He Said Is a Good Bet

When someone says something's a "good bet" one would think that that means they'd be willing to be on it. But with some people, it's like pulling teeth. Probably because they're really not that sure of their own BS.

So, I was surprised when Patrick Michaels finally agreed to the bet he said was a good one.

Fake Climate Science Skeptic Finally Willing to Put Money Where His Mouth Is

Back in January, the CATO Institute's resident climate science fake skeptic Pat "Often Wrong" Michaels wrote in the Moonie Times: "’s a pretty good bet that we are going to go nearly a quarter of a century without warming."
Being a life-long gambler who discovered and then lost the best bets ever--politics and climate at Intrade--I contacted him and asked, "How much?"

Sunday, March 17, 2013

Robert Samuelson: "What Frustrates Constructive Debate is Muddled Pundit Opinion" | Beat the Press

Again with the Dean Baker (if you don't subscribe (RSS), you should)--SS     

Robert Samuelson: "What Frustrates Constructive Debate is Muddled Pundit Opinion" | Beat the Press:
Samuelson's complaint about the size of spending on the elderly is also highly misleading. He complains: 
"In fiscal 2012, Social Security, Medicare, Medicaid and civil service and military retirement cost $1.7 trillion, about half the budget." 
That sounds really outrageous -- those damn old people. Samuelson case is considerably weakened by the fact that the vast majority of this money was paid into these programs through designated taxes. He might think it's fine to tax people for Social Security and Medicare and use the money for the military or to pay interest on Peter Peterson's government bonds, but the less educated public might not share this view.

Monday, March 4, 2013

Mooching Off Medicaid -

K-Thug, in part eleventy billion on the GOP rigging of their supposedly Free Markets.--SS   

Mooching Off Medicaid -
Don’t tell me about free markets. This is all about spending taxpayer money, and the question is whether that money should be spent directly to help people or run through a set of private middlemen.

Sunday, March 3, 2013

This is why Obama can’t make a deal with Republicans

Ezra Klein keeping it real.--SS   

This is why Obama can’t make a deal with Republicans:
So let’s back up. Murphy’s initial view was that to unlock GOP votes for a budget deal, Obama just needed to endorse chained CPI and more means-testing in Medicare. Then it was pointed out that Obama has endorsed means-testing in Medicare, so Murphy wondered why he didn’t endorse chained CPI as part of a deal. Then it was pointed out that Obama did endorse chained CPI, at which point Murphy called chained CPI “a gimmick,” and said Obama had to endorse raising the Medicare age, drop his demands for more revenue as part of a deal and earn back the GOP’s trust. 
Recall what Chait said would happen if the Republican legislator in my column was forced to react to the fact that Obama has endorsed chained CPI: “He would come up with something – the cuts aren’t real, or the taxes are awful, or they can’t trust Obama to carry them out, or something.” Check, check, and check.

Monday, February 25, 2013

The Science Behind Coffee and Why it's Actually Good for Your Health

Of course, Organic Kona Coffee is even better for you.--SS     

A cup of coffee contains (30):
6% of the RDA for Pantothenic Acid (Vitamin B5).
11% of the RDA for Riboflavin (Vitamin B2).
2% of the RDA for Niacin (B3) and Thiamine (B1).
3% of the RDA for Potassium and Manganese. 
May not seem like much, but if you drink several cups of coffee per day then this quickly adds up.
But this isn't all. Coffee also contains a massive amount of antioxidants. In fact, coffee is the biggest source of antioxidants in the western diet, outranking both fruits and vegetables combined...

Saturday, February 23, 2013

Economists Discover that Fed Bond Purchases Affect the Budget | Beat the Press

Dean Baker gives free economics lessons on his blog. Too bad most of Washington doesn't take advantage of them.--SS  

Economists Discover that Fed Bond Purchases Affect the Budget | Beat the Press:
The other point that should jump out at folks is that the projected drop in bond prices, which is the reason that the Fed is projected to lose money, presents a great opportunity for the government to reduce its debt burden. The idea is that long-term bonds issued at the current low interest rates will sell at sharp discounts later in the decade, if interest rates rise as projected.
These discounted prices will give the government the opportunity to reduce its debt by hundreds of billions of dollars -- perhaps more than $1 trillion -- simply by buying these bonds back at lower prices. Such a move would be utterly pointless since it would not change the country's interest burden at all, but since we currently live in a political environment where the debt to GDP ratio is an object of worship, this would be a great way to appease that god. It sure beats big cuts to Social Security and Medicare.