Showing posts with label National Debt. Show all posts
Showing posts with label National Debt. Show all posts

Thursday, November 19, 2009

Raising the national debt level

This is starting to seem more and more like a formality. Why does Congress bother with a debt limit at all if they just raise it any time they get close to exceeding that limit? The real limit on debt is the limit on how much bonds people are willing to buy before they start wondering how they'll be paid back. There's been talk of simply canceling the debt; if the federal government can screw over GM bondholders then there is nothing to step it from screwing over its own bondholders. But I think that the more likely scenario is hyperinflation. That's probably why it's still hard to get a loan...

Thursday, April 17, 2008

To take your mind off the 31,061.54 that is your share of the national debt

Here are some useless pieces of information that everyone really doesn't have to know.

Alcohol Consumption

1. It was the accepted practice in Babylon 4,000 years ago that for a month after the wedding, the bride's father would supply his son-in-law with all the mead he could drink. Mead is a honey beer and because their calendar was lunar based, this period was called the honey month, which we know today as the honeymoon.

Which towards another random note of non interest Honey is the only food that doesn't spoil.

2. In English pubs, ale is ordered by pints and quarts... So in old England , when customers got unruly, the bartender would yell at them "Mind your pints and quarts, and settle down." It's where we get the phrase "mind your P's and Q's"

3. Many years ago in England , pub patrons had a whistle baked into the rim, or handle, of their ceramic cups. When they needed a refill, they used the whistle to get some service. "Wet your whistle" is the phrase inspired by this practice.

Politics and United States History

1. Only two people signed the Declaration of Independence on July 4th, John Hancock and Charles Thomson. Most of the rest signed on August 2, but the last signature wasn't added until 5 years later.

2. If a statue in the park of a person on a horse has both front legs in the air, the person died in battle. If the horse has one front leg in the air the person died as a result of wounds received in battle. If the horse has all four legs on the ground, the person died of natural causes.

[EDITOR'S UPDATE: There is no accepted code for equestrian statues. Some sculptors may have followed it, most did not. Statues at Gettysburg seem to follow that code, but not statues elsewhere. http://www.snopes.com/military/statue.asp]

3. The San Francisco Cable cars are the only mobile National Monuments.

4. The first novel ever written on a typewriter: Tom Sawyer by Mark Twain aka Samuel Langhorne Clemens. By the way, for those who don't care to know Samuel's pen name came from his job as a Steamboat Captain. For calling the depths of the river back to the Captain which was done with a knotted rope hence "calling out the 'marks' on the 'twian', or twine. "

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