Reinventing Common Sense

I love the section about “grounds for recall” of state officials. It’s weird how for the 8 states which have such grounds… they all revolve around malfeasance, illegal conduct, or physical/mental incompetence (aka. they are all based on the person’s inability to fulfill their duties and/or having done something illegal). Luckily now we can simply have “mid-term elections” which allow the losing party to try again about 50% earlier than actually waiting for the next election period.

I personally can’t wait until we have elections about every 60 days to keep elected officers in their positions… this would allow money to be wasted on commercials, print advertising, and physical labor year round! More jobs!! Yippee! Unfortunately there will be less time to do actual “productive” activities which sustain/grow economies – refer to your micro and macro economics textbooks collecting dust in your basement.

http://www.ncsl.org/legislatures-elections/elections-campaigns/recall-of-state-officials.aspx

During all this discussion about the debt ceiling being raised, has anyone else considered how irrational the financial markets are?  It seems relatively straight forward that whether or not the debt ceiling is raised, it does not address the problem of spending too much or bringing in too little… i.e. spending cuts and taxes.  Are financial markets really so incredibly dumb that they will be appeased by the government increasing a fictitious & subjective limit to a new amount?  Theoretically, raising the limit is nothing more than “hiding a default” with gimmicks.  I really don’t understand how the financial market will ebb and flow on news of a debt ceiling increase.  They should understand that the underlying reality is what needs to change… not how it is reported on a sheet of paper.  A default or increased debt ceiling should BOTH increase the interest expense we incur to borrow money… period.