I agree with your last sentence but don't believe that it's all about money.
The problem is much worse and has been for both my profession and my people
for a long time.    It's just catching up with everyone else.    It is a
sickness of the soul.    An inability to conceive of peace as an alternative
to mindless simplicities and destruction.     One should remember that
imbalance is the definition of insane.   But if one doesn't know what the
domains ARE to be balanced and they choose just what is at hand with no
reflection then it's a waste of time.    Worse still, if they set the four
directions against one another they will only find dissonance.      IMHO the
problem is one of competence.    There is no C- in competence.  It's pass
fail and that is what my work has taught me over the fifty years I've been
doing it.     One can either do it or they can't and making up stories about
it doesn't solve a thing.     

 

REH

 

 

 

 

 

From: [email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Monday, September 19, 2011 12:21 PM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] FW: Simple terms (WHY THE U. S. WAS DOWNGRADED)

 

I guess that I am saying that America is a wealthy country but that if it
continues to live beyond its means then it might be in trouble.  Which is
what the rating agency is saying.

 

Not all old money in the US has survived.  Some old money families have had
to sell off their assets in order to keep up a preferred standard of living.
And even then they often have had to accept less of what they had previously
enjoyed.

 

All the rating agency was saying was Careful.  There may be trouble ahead,
especially if you keep on the present course.

 

arthur

 

From: [email protected]
[mailto:[email protected]] On Behalf Of Ray Harrell
Sent: Sunday, September 18, 2011 11:13 PM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] FW: Simple terms (WHY THE U. S. WAS DOWNGRADED)

 

Lots of things wrong with this simplicity.     IF it were the Rockefeller
family then this short term story would be ridiculous.   Bloomberg,  Koch or
anyone else.   The wrong Russell assumes the nation is a middle class
household and then make his pronouncements like a solid member of the
conservative fraternity.    They are stupid and unworthy.    America's
physical capital endowment is huge.   The third largest in the world with a
population that uses less of it than the populations of almost any other
nation in the world except Canada.     This is an embarrassment.    It is
mixing small scale systems with large scale systems and coming up with
nothing.    Bertrand Russell (the other Russell) spoke of such things in his
principia and John Warfield called them Trusels.    Seems to make sense but
when applied fails.   What are you saying here Arthur?

 

REH

 

From: [email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Sunday, September 18, 2011 3:29 PM
To: [email protected]; 'RE-DESIGNING WORK, INCOME
DISTRIBUTION, EDUCATION'
Subject: [Futurework] FW: Simple terms (WHY THE U. S. WAS DOWNGRADED)

 

 

 

From: James Russell 

Sent: Thursday, September 15, 2011 9:12 PM
Subject: Simple terms (WHY THE U. S. WAS DOWNGRADED)

 

thanks for this one to Shari Kulha...

 

 


 
Why the U.S. was downgraded:

. U.S. Tax revenue: $2,170,000,000,000 
. Fed budget: $3,820,000,000,000 
. New debt: $ 1,650,000,000,000 
. National debt: $14,271,000,000,000 
. Recent budget cut: $ 38,500,000,000

Let's remove 8 zeros and pretend it's a household budget:

. Annual family income: $21,700 
. Money the family spent: $38,200 
. New debt on the credit card: $16,500 
. Outstanding balance on the credit card: $142,710 
. Total budget cuts: $385

      
      

... about that second job ... 

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