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Brent Eamer
Brent Eamer
12 years ago

Up here Atlantic Canada is starting this project:

http://www.nalcorenergy.com/Lower-Churchill-Project.asp

3000 Megawatts or 16.7 Terrawatts a year.

Energy security is pretty safe up here too

Insidious
Insidious
12 years ago

Looking at Wikipedia, if you broke the US GDP into its constituent states..

Texas – 13th largest economy in the world (just after Spain)
California – 8th largest economy in the world (just after Italy.. larger than India and Russia)

atleif
atleif
12 years ago
Reply to  Insidious

http://www.economist.com/blogs/dailychart/2011/01/comparing_us_states_countries

from 2011 but fun to look at (map with closest sized country to each state)

Duncan MacDuff
Duncan MacDuff
12 years ago

Shades of what John Titor was talking about.

Best,
Duncan

Anonymous
Anonymous
12 years ago

Jack,

Your comments about sequestration, specifically the effects, were not 100% correct.

I am a DOD civil service employee. The real world effect of sequestration is that I will be furloughed a total of 22 days between April 1st and August 31st. This will be realized as 22 straight weeks of being furloughed one day a week without pay. Done this way federal employees will not be eligible for unemployment benefits. Basically, I will only be allowed to earn 80% of my normal paycheck for 11 pay periods.

If sequestration was the long term answer to our country’s debt issues I would be for it. It is not. It was an ill advised plan thought to force congress into passing a new budget within a certain time frame.

The effects sequestration will have on the DOD are far reaching. See any of the service branchs chief’s memos to congress to get the word straight from the horses mouth.

Sequestration is being realized by making a 20% pay cut from DOD employees for 22 straight weeks. This is not a new budget being passed making any real cuts. It is only hurting the American workers employed by the DOD. (Of course other sections of the national government are being cut but I can only speak of the cuts I know are happening to the DOD).

If Congress and the President passed a budget that called for a permanent reduction in force (RIF) of 20% of all DOD employees, then so be it. If I was one of the 20% fired, that is life, that is what the budget necessitated. This is not what sequestration is doing. It is not an answer and will actually create tremendous hardship on honest, WORKING Americans.

You reach many peple, please read more, and learn the real effects sequestration will have, before publicly speaking about it again. Sequestration will have a very negative effect on our country and is not an answer. The answer is Congress and the President passing a real budget that takes our country forward.

Anonymous

Anonymous
Anonymous
12 years ago

Let me make this very easy to understand. Congress and the President are screwing all DOD employees with furlough.

If a 20% salary cut needs to be made, then the government needs to pass a budget doing so, and cut 20% of workers. Not screw 100% of them.

If the government passes a budget cutting all salaries 20% across the board, then so be it. That’s life, but again, don’t screw WORKING Americans by putting them on furlough.

Terry
Terry
12 years ago
Reply to  Anonymous

LOL.
The sequestration is a pretty minor thing. It’s about a 7% cut out of the INCREASE in budgets. The fact that they’ve decided to throw this on the shoulders of current employees as a 20% shave… is pretty telling.

As a state employee, I already took my furloughs a few years ago like a man. Sure as heck didn’t go online anonymously to complain about it.

Rick Allen
Rick Allen
12 years ago

Jack, this was posted by a Pathfinder. Thought you would like to see a bit of history: http://www.facebook.com/photo.php?fbid=494983100558083&set=a.242483872474675.60414.100001391927176&type=1&ref=nf
Hope this works. Great podcast!

Anonymous
Anonymous
12 years ago

Like I said before, read about sequestration before you comment on it.

Under sequestration no government agency can lay people off. That would counter the savings realized through furlough because people could draw unemployment.

Also, sequestration is not a budget. It is a series of automatic cuts, entangled with a myriad of rules on what government agencies can, and cannot do. Under a normal budget the various branches of the services can transfer money rather freely to the programs they deem need funding. This allows commanders to fund what they need. Under sequestration the transferring of money is severly limited.

I don’t want anyone laid off, but if Congress passes a real budget and the President signs it off, that requires manning to be cut certain percentages at various government agencies then it is what it is.

Brian W/NorIDhunter
Brian W/NorIDhunter
12 years ago

In the battle of rhetoric over sequestration, I have heard that it is only a reduction in the rate of growth, not a “cut”. Does someone have an easy link to the hard numbers?
In simplification – if the 2013 budget were set to grow say $200B over FY 2012, and now it’s “only” going to grow 115B, I’m sorry that’s not a cut, imo. If they’re going to take FY12 and knock 85B off of that, that’s different.
Can someone help, w/o the spin?
Thanks in advance.

Sean
Sean
12 years ago

With regards to the debt and such this is a must watch.

http://www.youtube.com/watch?feature=player_embedded&v=bYkl3XlEneA

Sean
Sean
12 years ago

2017 – $~23T?!?!!?!?!?!?!

Glad I bought more ammo at wally world this morning!

Insidious
Insidious
12 years ago

here is a link:
http://bipartisanpolicy.org/sites/default/files/The%20Sequester-%20Mechanics%20and%20Impact.pdf

I do not agree with the authors conclusions.. but the numbers are there, with an explanation of how its not really ‘across the board’ cuts.

To compare to previous budgets, just take a look at Wikipedia’s US budget numbers

Insidious
Insidious
12 years ago
Reply to  Insidious

2013 budget – $3,803 Billion ($3.8 T)
US Population – 313.9 Million

budget PER CITIZEN $12,115.

US Income Tax Filers (2010) – 142.9 Million

budget PER TAXPAYER – $26,613.

est tax collected PER TAXPAYER (2013.. estimate is always high) – $20,308.

debt PER TAXPAYER (@$16.6T obviously this is a joke. think unfunded liabilities)- $146,854. <= Which means this is going up $6-7k/yr (deficit)+ interest

yeah. 'sustainable'.

http://www.irs.gov/uac/Tax-Stats-2

Insidious
Insidious
12 years ago
Reply to  Insidious

should have just used numbers fm:
http://www.usdebtclock.org

where you can find interesting facts like:
113.1 Million Taxpayers
21.7 Million government employees
=
19.1% of the ’employed’ work for the government

Tommy
Tommy
12 years ago

I take issue with the conversation of the coming change in society. When the SHTF there are concerns about the people leaching on productive citizens of society. What will happen? The speaker states he isn’t worried; his plan is to melt away into society. If all the actions of these people are good shouldn’t they be trumpeting their actions to all. Proudly telling everyone what they do on a daily basis to help improve thing and make them better.
Is it a case of another worker profiteering from others while the opportunity still exists. Simply justifying those actions. Why continue such working pursuits? Instead of being part of the solution they grow the problem. Helping those, advising those, performing actions on behalf of those that are the problem.
Every day the takers get up and choose to get in their car. Choose to drive to their jobs. Choose to do the bidding of their masters. They have a choice where they go every morning, where they work, what they do. I am skeptical that those who know what is going on are such say they mean well but continue on their same path. They are profiting while they can and helping to propel the hegemony to its final conclusion.

Jake
Jake
12 years ago

I love the freedom is a sliding scale PSA you give from time to time. It’s a good kick in the ass sometimes.

InBox485
12 years ago

Regarding the sequester discussions above, the best way it was described to me was this:

The government was forced to shed x%.

Rather than shed that x% from fat and flab, they are choosing to take the x% of everything approach. x% of
– eyes
– teeth
– bones
– heart
– etc.

This is the same crap California does every year and it is done deliberately to drum up support for more taxes. I have some sympathy for .gov workers. I’m related to a few. But the fact that the gov is so stupid that they will cut where it hurts the most like some emo teenie booper faking suicide for attention is only more reason that they need to be hacked back and reined in.

As a secondary point of view, if you are getting pinched in this, consider it a preview of the dollar no longer being the reserve currency and consider moving with the shift instead of getting shredded by it. The gov industry (especially the DOD portion) is 100% guaranteed to have an Allentown transition sooner or latter. Might be better to walk through the exit before you get tossed out of it.