Showing posts with label government. Show all posts
Showing posts with label government. Show all posts

Wednesday, December 30, 2009

Bruce Schneier on security

Bruce Schneier’s blog “Schneier on Security” covers everything from cryptography to terrorism and in this day and age I would call it a “must read” for every American. Period.

He’s pretty level headed and many of his posts talk about how the government uses “movie-plot threats” to keep people afraid and to appear as if they are doing something useful.

Anyway, he has a new article on CNN that I would consider required reading, so read it. :D Here’s one of the many money quotes:

“But even as we do all of this we cannot neglect the feeling of security, because it's how we collectively overcome the psychological damage that terrorism causes. It's not security theater we need, it's direct appeals to our feelings. The best way to help people feel secure is by acting secure around them. Instead of reacting to terrorism with fear, we -- and our leaders -- need to react with indomitability, the kind of strength shown by President Franklin D. Roosevelt and Prime Minister Winston Churchill during World War II.

By not overreacting, by not responding to movie-plot threats, and by not becoming defensive, we demonstrate the resilience of our society, in our laws, our culture, our freedoms. There is a difference between indomitability and arrogant "bring 'em on" rhetoric. There's a difference between accepting the inherent risk that comes with a free and open society, and hyping the threats.

We should treat terrorists like common criminals and give them all the benefits of true and open justice -- not merely because it demonstrates our indomitability, but because it makes us all safer.

Once a society starts circumventing its own laws, the risks to its future stability are much greater than terrorism.”

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Tuesday, May 5, 2009

The federal budget in scale

I really have a hard time with the federal budget, the numbers are just too big to get my brain around. For example, did you know that most Americans don’t realize that one trillion is a million million.Thankfully Terence Tao over at “What’s new” has scaled the budget to make it easier to grasp. The full article with the math of the scaling is here, but below is the outcome.

FY 2008 budget:

  • Total revenue: $75,700
    • Individual income taxes: $34,400
    • Social security & other payroll taxes: $27,000
  • Total spending: $89,500
    • Net mandatory spending: $48,000
      • Medicare, Medicaid, and SCHIP: $20,500
      • Social Security: $18,400
    • Net interest: $7,470
    • Net discretionary spending: $34,000
      • Department of Defense: $14,300
        • DARPA: $89
      • Global War on Terror: $4,350
      • Department of Education: $1,680
      • Department of Energy: $729
      • NASA: $519
      • Net earmarks: $495
      • NSF: $180
        • Maths & Physical Sciences: $37.50
  • Budget deficit: $13,800
  • Additional appropriations (not included in regular budget)
    • Iraq & Afghanistan: $5,640
  • Spending cuts within 90 days of Apr 20, 2009: $3

Other figures (for comparison)

  • National debt 2008: $174,000
  • National GDP 2008: $427,000
    • National population 2008: 9
    • GDP per capita 2008: $47,000
    • Land mass: 0.27 sq km (0.1 sq mi, or 68 acres)
  • World GDP 2008: $1,680,000
    • World population 2008: 204
    • GDP per capita 2008 (PPP): $10,400
    • Land mass: 4.47 sq km (1.73 sq mi)
  • World’s richest (non-rescaled) person: Bill Gates (net worth $1,200, March 2009)
  • 2008 Bailout package (TARP): $21,000 (maximum)
    • Amount spent by Dec 2008: $7,410
    • AIG bailout from TARP: $1,200
      • AIG Federal Reserve credit line: $4,320
      • AIG bonuses in 2009 Q1: $4.95
    • GM & Chrysler loans: $552
  • 2009 Stimulus package (ARRA): $23,600
    • Education: $3,000
      • “Race to the top” education fund: $150
    • Investments in scientific research: $645
    • Pandemic flu preparedness: $1.50 (was initially $27, after being dropped from FY2008 and FY2009 budgets)
      • Additional request after A(H1N1) (”swine flu”) outbreak, Apr 28: $45
    • Volcano monitoring: $0.46 (erroneously reported as $5.20)
    • Salt marsh mouse preservation (aka “Pelosi’s mouse“): $0.00 (erroneously reported as $0.90)
  • Market capitalization of NYSE
    • May 2008 (peak): $506,160
    • March 2009: $258,180
    • Largest company by market cap: Exxon Mobil (approx $10,000, Apr 2009)
  • Value of US housing stock (2007): $545,760
    • Total value of outstanding mortgages (2008): $330,000
      • Total value of sub-prime mortgages outstanding (2007 est): $39,000
      • Total value of mortgage-backed securities (2008): $267,000
  • Credit default swap contracts, total notional value:
  • US trade balance (2007)