Dithering Over Debt
I’ll bet you thought you have more than enough to worry about. And now, our nation’s capital has managed to come up with something else—whether or not we’ll raise the national debt ceiling.
Never mind that the debt ceiling isn’t about new spending at all. Raising the ceiling only allows the government to pay the bills it has already incurred. Failing to raise the debt ceiling is like going on a spending spree, taking all of the stuff you bought home, then getting a bill and refusing to pay it. Failing to raise the ceiling, in effect, puts the nation in default.



The New York Times recently ran an article bemoaning the ever increasing focus on safety at our nation’s playgrounds. Today, you rarely see monkey bars and tire swings. And playground surfaces feel like walking on a giant sponge. Tall, fast slides have shrunk, leveled out, and slowed down. Signs warn parents everywhere about potential dangers.
I don’t generally watch television during the day. However, I have an injury that requires me to sit down with an ice pack a few times a day. So, I ended up watching a bit of the hearings with James and Rupert Murdoch (the family that runs News Corporation–a mega media conglomerate) at the English Parliament. During the time I was watching, someone in the audience threw, what appeared to be a plate of shaving cream, into Mr. Murdoch senior’s face.
You’ve read about the ongoing controversy over the effectiveness of antidepressant medications. Luminary psychologists such as Dr. Robert DeRubeis and Dr. Irving Kirsch have made persuasive arguments supporting the idea that most, if not all, of the effectiveness of antidepressant medication appears to be due to the so-called placebo effect.
The public seems to be mesmerized by the Casey Anthony trial and the verdict of not guilty. Frankly, we didn’t follow the trial or much of the media frenzy. We don’t really know anything about Casey’s allegedly dysfunctional family or what really happened to young Caylee.
As the holiday weekend has come to a close, perhaps you have a little regret over having indulged in too much food, or spent too much on fireworks or entertainment. We want to address the guilt over too much spending.
Most of you have seen the news reports on the fires in New Mexico. The Los Conchas Fire that has threatened Los Alamos and the National Labs, is now ranked the biggest forest fire in our history and is only 3 or 4% contained. Although the Las Conchas fire has gotten the most publicity, other fires around the state are also raging, largely out of control.
