Word of the Day

I’d like to point out a word that many people don’t understand or the media uses against us, the general public. The word is default.

This word is being thrown around by our leaders and media personalities constantly, but is it really accurate or is it just fear-mongering? With all this debt ceiling talk about to “resolve” itself, I would like to share with you something you may not know about our Constitution.

Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Section 5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.

This is article 4 and 5 of the 14th Amendment of the U.S. Constitution.

Let us all take in this article. Read it again. Look for key words like “public debt”, “shall” and “shall not”, “the congress”, “authorized by law”. What exactly does it mean?

There are many who inaccurately portray this article as authorization for the President to just keep borrowing money for whatever we need in fiscal year 2014. The reason article 4 in the 14th amendment was written was to protect the public, not the government. This is why this area of the constitution is referred to as citizenship rights and equal protection. It was specifically written as power granted to the citizens of the US, not as a government power. The term “shall not be questioned” means “can’t be ignored”. So the public debt we owe and has been acknowledged by law can’t be wiped clean or not paid back based on the whims of the government.

This protects the public by making sure the government does not spend whatever they want and then essentially bail themselves out. This does not mean we need to pay for future spending, only debt we have incurred. This also does not give the President authority to borrow more money for future expenditures,  like say a budget for fiscal year 2014 which has not been approved yet. There is a fundamental difference between expenditures and debt.

Our debt interest payment is roughly $20 billion dollars per month. Our revenue in 2013, according to the  U.S. Treasury, http://www.fms.treas.gov/mts/mts0813.pdf , ranges from $122 billion to $406 billion per month. It is important to note that all of our DEBT can be paid with this revenue, but not all of our expenditures and purchases we plan to make. Please understand that the 4th article of the 14th amendment means we must pay back public debt first and foremost before any other expenditures. Whatever is done with the leftover money after the debt payment(interest/principle) is paid is up to congress to decide how they distribute it as it is their duty to authorize such future spending.

I just want to clarify that to default would mean we can’t pay the interest payments($20 billion monthly) on the national debt, which in total currently stands at:

$ 1 6 , 7 4 9 , 1 0 4 , 3 5 1 , 2 7 0 . 0 5     – http://www.brillig.com/debt_clock/

Have a lovely day.

Take a trip on my magic carpet ride.

H-1 freeway traffic

I am beyond annoyed at road construction here in Hawai’i. Let me rephrase that, I’ve BEEN beyond annoyed at the construction. For the past year I have driven by such a gross mismanagement and waste of taxpayer funds that I must now rant. I cannot hold myself back any longer. I am Jack’s pent up all consuming road rage.

Hawai’i, the paradise that it is, is filled with its fair share of real world problems. It is my belief that the Hawaiian Department of Transportation’s brilliant planning takes the cake. They are notorious for their blunders on the intricacies of travel. They are public enemy numero uno.

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Watching the News Makes Me Sick

Why, oh why, do the major media outlets make me feel so angry? I seriously become ill while watching the news. Please tell me what is causing this ailment. Is it because no one is really honest? Maybe. Perhaps it is the complete and total lack of understanding about identifying root causes? Possible. How about the sensationalizing of the frivolous to keep the general public in the dark? Most likely. Or maybe I’ve just completely lost touch with the rest of humanity who “gets it” and I don’t? I’m actually inclined to think the latter has a high probability of being true at this point.

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How To Have Patience: A Guide for the Orlando Magic Fan

Pat Williams and I at the Magic Game

OMG!!!! Dwight is gone! FINALLY! THAT’S IT?! WORST.DEAL.EVAR!

If one of these is your status update today, then perhaps you should keep reading. If one of these status updates appears on your news feed today please point them here. Let me take a moment to calm your fears and stress the transcendent words of the Hitchhikers Guide to The Galaxy, “DON’T PANIC”.  I am a huge Orlando Magic fan and I’m here to tell you that it’s not the end of the world.

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Feeling left behind perhaps?

If you were to ask the general public what criteria defines a great rock show, you would probably get a multitude of answers. I can safely say that no matter what your answer might be I’m pretty sure I got it on Monday night.

Bloc Party came to the islands and opened Oahu’s newest concert venue, The Republik, in a fitting way. The unfinished nature of the building, the lack of a box office, the proximity to the speakers, and the spilling of a poor girls beverage(which I’ll discuss later) while immersed in sound. These all contributed to one of those nights where you noticed the faults, but didn’t care. It had that underground(second floor building) “just between us” kinda vibe to it all.

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So that’s how it feels huh?

Image

And now, the conclusion we all were dreading. This paranoia wasn’t one of disappointment, but one of inevitability. Dreading in the sense that, at some point, this Batman saga had to end and we would be left with no more Caped Crusader.

There will be spoilers and as such this will be your only warning.

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Travesty!

TRAVESTY – 1. a farcical or grotesque imitation; mockery; parody

This week I was witness to two travesties, the first being the illusion of a boxing fight and the second being a personal one. The second one I can’t elaborate on, but needless to say it was just as big of a travesty in my mind as the first. Unfortunately I had control over neither. Since I can’t talk about the personal issue, I’m going to try to express the utter disbelief and shock of the Pacquiao vs. Bradley fight from Saturday night. This is my outlet. Join me on this journey of anger and bitter contempt for the “sport” of boxing.

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