Sunday Observations 12.29

It's officially cold this morning. When I go get my paper if it's below freezing and breezy, windchill is 16°, it's officially cold. That makes me wonder about our New Years Eve plans because ice skating at Bryant Park or going to Times Square were both options but who wants to freeze in the new year? Than again my brother is in State College and the Village is rather balmy compared to the mountains.

When it comes to the tunes I listen to I can be a bit strange because I can jump from Ellie Goulding to Linkin Park in one playlist. Thing is my iTunes holds almost anything including sadly country and Tom Jones but there is no opera. Last night I was listening to a playlist that may have been stranger than any of mine. Like some of mine it was all over the music rainbow but yes it included opera, opera shuffling to dance shuffling to indie which is my whole point of writing this. I heard a cover of Neil Young's "Into the Black" that was awesome so I asked who it was and was told it was a band fro Oregon called the Chromatics. We ended up listening to there entire newest album, Kill For Love, and it's really quite good, worth a listen, or maybe it was just the wine. (video)

I was reading an old article from the Guardian about career tips for art school graduates when I came across this one, it's a rule I follow at all times. "It's crucial to remember that everything you do online can be seen by everyone. So no political rants, no passive-aggressive behavior, keep it light, fun, happy and professional at all times." I'm very good at their first tip, multitasking.

So you thought this was a non-political post? Wrong because here we are looking into the national financial abyss without a parachute and the House is just coming back tonight. Well maybe not an abyss, as with the whole mess the 'fiscal cliff' is totally self inflicted drama. It would take months for all the spending cuts and taxes to take effect and in the end it's just not going to happen, take my word for it. But there are a couple things to notice.

The first is that if nothing happens tax rates will go up and than will be cut again for most people. But as the new year begins, if nothing happens, the Bush tax cuts cease to exist. When they take effect again they will be forever known as the Obama tax cuts.

The other thing to do is sit back and enjoy the beauty of a second term president. I may have mentioned before that a second term president is a totally different beast because he/she is never going to run in an election again. When President Obama made his fiscal cliff statement on Friday he threw down the gauntlet, actually he put a noose around the tea party's neck and dared them to jump. Come up with something he can support or allow a yes or no vote on his tax rates before we hit the curb. That leaves them very few options none of which are good for Republicans because either we play Thelma and Louise or they raise tax rates on the wealthy. Republicans get the blame for the first but no credit for the second. It's a beautiful thing.

Finally, Saturday morning at 12:25 AM Eastern Time the first same sex couple was married in the state of Maine. Next up the sate of Maryland on New Years Day. Congrats.

12/31 update - I wanted to add this yesterday and never got around to it. This week a bill legalizing gay marriage will be introduced in the Illinois State Senate. It is a rare thing for a sitting president to voice their opinion on state matters but on Saturday President Obama privately urged lawmakers in his home state to pass the bill. Also Chicago Mayor Rahm Emanuel asked major state CEOs to sign a letter which calls passing the marriage equality bill an economic imperative for the state. Among the signers so far are Google, Groupon, Morningstar founder Joe Mansueto, and PrivateBancorp Chairman Norman Bobins. This letter follows the release on Saturday of another letter signed by 250 state religious leaders supporting the bill which would make Illinois the tenth state to legalize same sex marriage.

Observations from the Road 12.27

I never did get back to my emotional response to guns but I still plan on doing it at some point. That doesn't mean it will ever happen, my head is full of posts I plan on getting back to but never do. This is more like a mid-week post Christmas edition of Sunday Observations which is going to seem more like an economics lesson.

I hope you had a good Christmas because it seems Congress has a very special New Years celebration planned this year.

And so I give you this fiscal cliff thing, something I'm totally tired of hearing about. Here is the fiscal cliff in a nutshell; Congress can't seem to do anything, with over 200 votes Congress passes a draconian law that automatically does its job for it, Congress figures it will have to do something before its own law takes effect. Now, and this is the surprising part, Congress can't force itself to do anything to stop what Congress itself has created. Is it any wonder said Congress has an approval rating slightly lower than the Communist Party's? I didn't know the Communist party still existed.

Meanwhile the government will once again hit the debt ceiling on New Years Eve, something else to add to the cliff. I agree with former President Bill Clinton on this one. President Obama should just raise the debt limit by executive order and let the republicans take him to court if they want to. As Clinton said why should Congress be allowed to vote on expenditures they already passed? It's like you went out and bought a Christmas present on credit and than when the bill came decided not to pay it. What makes this even crazier is that the government currently pays 1% interest on new loans so borrowing now to pay for projects is probably the best investment they can make. The Treasury department says they can put off the ceiling for a few months by using accounting methods, I think I'll try that when it's income tax time.

A quick note on White House petitions. Some people have been complaining that 'joke' petitions are taking away from serious politics in this country. It is beyond me how that is possible given the state of Congress but that's what they say. Anyway there are some serious petitions to look at. One would have the President "Legally recognize Westboro Baptist Church as a hate group." It was started by a member of the hacker group Anonymous after the WBC announced it was going to protest at the funerals of the Newtown shooting victims. As of now it has 263,000 signatures so will get an official response which should be interesting. You can read it here.

Also there was a good but sad article about the complete disconnect between those who fight our wars and the rest of the country in Christmas day's edition of The New York Times. The article, "With a Parent Off Again at War, a Holiday of Pride and Isolation," included this line; "No one really cares,” Tyisha Smith, a 19-year-old senior, said of the outside world."

I'm sure Congress will get to Afghanistan after it gets past its Thelma and Louise moment.

Finally, and once again, where have you gone NHL?

12/28 update - I just read a Reuters article about the Westboro petition and it said 475,000 people has signed it. I was thinking 200,000 more signatures can't be possible in one day so I checked it out. Seems there are three petitions; the main one has 287,000, another to investigate Westboro's tax exempt status has 69,500 signatures, and a third to revoke its tax exempt status and label it a hate group has 63,000 signatures.