What's a "DEBT CEILING"?
Is there a limit to the amount of debt our country can have?
Congress Raises Limit Again as Debt Approaches $10 Trillion
What are the repercussions of a growing debt?
National Debt grows at Over $1 Million per Minute
How much of our national debt is held by foreigners? http://www.treasury.gov/tic/mfh.txt.
Notice what nation is number 2. Do you think that should concern us?????
We have a DEBT CLOCK?
The most famous debt clock, located in Times Square in New York City, was created by eccentric real estate mogul Seymour Durst. The clock is now owned by his son Douglas Durst. Durst's clock was deactivated in 2000 when the debt began to decrease. However, following large increases, the clock was reactivated a few years later, though had to be moved to make way for One Bryant Park. (Interestingly, some "man on the street" interviews showed that some people felt that the sign's deactivation meant that the debt had been eliminated, though it remained at roughly $5 trillion.) According to Durst the National debt is now increasing at such a rate that his clock will be obsolete (for lack of digits) when the debt reaches the $10 trillion mark, expected in the next two years.
In case you were curious! Have a great "debt-free day"!
Mr. Thompson
posted by erdecker @ 7:28 AM
4 comments
4 Comments:
Is this why the value of the American dollar is falling?
Are donations to the national debt tax deductible? (hahahah, that would be so ironic)
I just read that in Feb. both South Korea and Taiwan sold many of their US government bonds, hurting the value of the American dollar. What does it mean when countries sell their bonds, and how does that impact the value of the dollar?
tricia
Yeah...this is Ben at Home Depot, I just wanted to say that all three of these articles made me sick and it almost makes me want to be a Canadian, which coincidentally one came through today and when I rang him up he said thanks have a good night eh. That made my night right there HAHA
http://web.princeton.edu/sites/
opplab/Opp%20Consequences%20
of%20Erudite%20Vernacular.pdf
SUMMARY
Most texts on writing style encourage authors to avoid overly-complex words. However, a majority
of undergraduates admit to deliberately increasing the complexity of their vocabulary so as to give
the impression of intelligence. This paper explores the extent to which this strategy is effective.
Experiments 1–3 manipulate complexity of texts and find a negative relationship between complexity
and judged intelligence. This relationship held regardless of the quality of the original essay, and
irrespective of the participants’ prior expectations of essay quality. The negative impact of
complexity was mediated by processing fluency. Experiment 4 directly manipulated fluency and
found that texts in hard to read fonts are judged to come from less intelligent authors. Experiment 5
investigated discounting of fluency. When obvious causes for low fluency exist that are not relevant
to the judgement at hand, people reduce their reliance on fluency as a cue; in fact, in an effort not to
be influenced by the irrelevant source of fluency, they over-compensate and are biased in the opposite
direction. Implications and applications are discussed.
I skimmed a bit down to find some "summing up" phrases:
All in all, the effect is extremely robust:
needless complexity leads to negative evaluations...
At this point, however, one can conclude that fluency clearly is at least
partially responsible for the effect, and since longer words lower fluency they can have
a negative impact on intelligence judgements.
In the interim, we can conclude one thing. The pundits are likely right: write clearly and
simply if you can, and you’ll be more likely to be thought of as intelligent
There you go decker, and sorry I posted it on this thread =P
www.sciencedaily.com/releases/2005/10/051031075447.htm
Holy crap Krishna do you have no life? Go right home and put your extra credit in when you have like a 99% in the class. Mr. Decker, this is the earliest I had access to a computer so please put that into consideration haha.
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