Damn Kids

Fmr. Comptroller David Walker: To help end budget gimmicks, pass this bill

"This bill, also championed by the youth-led 'The Can Kicks Back' campaign, would make it more difficult for Washington politicians to kick the can down the road by providing information about the long-term impact of today’s unsustainable fiscal policy. Specifically, the INFORM Act would expose two important but often ignored realities. First, with an aging population, rising healthcare costs and mounting interest expense, federal spending is set to automatically and dramatically increase the 'mandatory' part of our budget. Second, young people and future generations will disproportionately shoulder the burden of our fiscal imbalance." Continue reading →

Continue ReadingFmr. Comptroller David Walker: To help end budget gimmicks, pass this bill

More than 200 dead, 2,000 wounded as Egyptian security forces crush protesters

"Egyptian security forces crushed the protest camps of thousands of supporters of the deposed Islamist president on Wednesday, shooting almost 200 of them dead in the bloodiest day in decades. At least 235 people were killed in all, including at least 43 police, and 2,000 wounded. Prime Minister Hazem el-Beblawi defended the use of force, saying the authorities had no choice but to act to end 'the spread of anarchy'. 'We found that matters had reached a point that no self-respecting state could accept,' he said in a televised address. The crowds appeared to be armed mainly with sticks, stones and concrete slabs." Continue reading →

Continue ReadingMore than 200 dead, 2,000 wounded as Egyptian security forces crush protesters

Let’s stop wrecking lives over a bag of weed

"For 29 years, I have defended clients facing marijuana charges in the District. At every initial appearance, without fail, the judge admonishes the defendant either to stay in school or to hold down a job. But most employers in this town will not hire entry-level workers who do not have a police clearance. What crime is increasingly tripping up those looking for work? Possession of marijuana. In 1995, police in the District arrested about 1,850 people for having pot. By 2011, the number had skyrocketed to more than 6,000. There are twice as many marijuana arrests in the District as there are students graduating from D.C. high schools each year." Continue reading →

Continue ReadingLet’s stop wrecking lives over a bag of weed

NSA ditching 90 percent of its system administrators to avoid leaks

"NSA director Keith Alexander told a conference in New York City that headcount among its system administrators would be severely curtailed in the future. Roughly 1,000 such employees maintain the agency’s networks and equipment. The NSA is dismissing all those people in the name of secrecy. 'What we’ve done,' Alexander added, 'is we’ve put people in the loop of transferring data, securing networks and doing things that machines are probably better at doing.' An automated system operated by a minimum of human beings, on the other hand, will make the NSA’s digital assets more defensible." Continue reading →

Continue ReadingNSA ditching 90 percent of its system administrators to avoid leaks

McCain: Young Americans admire Snowden, see him as ‘some kind of Jason Bourne’

"A deep distrust of government has led young Americans to hold up NSA leaker Edward Snowden as a hero, Sen. John McCain said Sunday. 'There’s a young generation who believes he’s some kind of Jason Bourne,' the Arizona Republican said during on 'Fox News Sunday,' referring to the lead character in the Bourne movie trilogy who battled his own government, particularly the CIA. 'Right now there’s kind of a generational change. Young Americans do not trust this government,' Mr. McCain said. 'Without trusting government you can’t do a lot of things.'" Continue reading →

Continue ReadingMcCain: Young Americans admire Snowden, see him as ‘some kind of Jason Bourne’

Why Are Your Children Buying Houses for Ben Bernanke?

"The Fed sells all those bonds to investors – who will, of course, want their money back, with interest. So, where will the money for paying off those bonds come from? From taxes, of course. When a government sells a bond, they are selling a right to their tax receipts. And that means your kids will be taxed to pay it all off. The Fed will keep the houses, of course, but hidden behind paragraphs of confusing financial and accounting terminology. Home ownership in America is falling off a cliff, as you can see in this graph. So, Mr. and Ms. America, get ready to meet your new landlords: Benny and the Banks." Continue reading →

Continue ReadingWhy Are Your Children Buying Houses for Ben Bernanke?

The Security State’s Reaction to Snowden Shows Why It’s Doomed

"Networks, when attacked, become even more decentralized and resilient. A good example is Napster and its successors, each of which has more closely approached an ideal peer-to-peer model, and further freed itself from reliance on infrastructure that can be shut down by central authority, than its predecessors. Hierarchies, on the other hand, respond to attack by becoming even more ossified, brittle and closed. Hierarchies respond to leaks by becoming internally opaque and closed even to themselves, so that their information is compartmentalized and they are less able to make effective use of the knowledge dispersed among their members." Continue reading →

Continue ReadingThe Security State’s Reaction to Snowden Shows Why It’s Doomed

20 Things 20-Year-Olds Don’t Get

"I started Docstoc in my 20’s, made the cover of one of those cliché '20 Under 20' lists, and today I employ an amazing group of 20-somethings. Call me a curmudgeon, but at 34, how I came up seems so different from what this millennial generation expects. I made a lot of mistakes along the way, and I see this generation making their own. In response, here are my 20 Things 20-Year-Olds Don’t Get." Continue reading →

Continue Reading20 Things 20-Year-Olds Don’t Get