More Noted Things
Bruce Stutz,"Megadeath in Mexico," Discover, February, reports the findings of a Mexican epidemiologist about the epidemics that destroyed 90% of the country's indigenous population in the 80 years after the invasion by Spanish conquistadors. According to his findings, the later and more destructive epidemics were not of diseases brought into Mexico by the Europeans. Thanks to Miami University's David Fahey for the tip.
Edmund Conway,"US ‘could be going bankrupt'," Telegraph, 14 July, reports on a study by Laurence Kotlikoff of Boston University for the Federal Reserve Bank of St. Louis. It says that
Experts have calculated that the country's long-term"fiscal gap" between all future government spending and all future receipts will widen immensely as the Baby Boomer generation retires, and as the amount the state will have to spend on healthcare and pensions soars. The total fiscal gap could be an almost incomprehensible $65.9 trillion ....The figure is massive because President George W Bush has made major tax cuts in recent years, and because the bill for Medicare, which provides health insurance for the elderly, and Medicaid, which does likewise for the poor, will increase greatly due to demographics.
Prof Kotlikoff said:"This figure is more than five times US GDP and almost twice the size of national wealth. One way to wrap one's head around $65.9 trillion is to ask what fiscal adjustments are needed to eliminate this red hole. The answers are terrifying. One solution is an immediate and permanent doubling of personal and corporate income taxes. Another is an immediate and permanent two-thirds cut in Social Security and Medicare benefits. A third alternative, were it feasible, would be to immediately and permanently cut all federal discretionary spending by 143 [percent]."
There's nothing" conservative" about leaving an impossible burden of debt to our children.
Timothy Garton Ash,"Mugged by the Blogosphere – or, How to Find Nuggets in a Cyberswamp," Guardian, 13 July, reflects on his experience working through 353 comments on his column of 6 July,"Between Cheese-Easting Surrender Monkeys and Fire-Eating War Junkies." His recommendations to the Guardian's [and HNN's] site: 1) a system that allows subsequent commentators to rate previous comments on a scale of one to five (as Amazon allows rating of on-line book reviews); and 2) a system that allows commentators voluntarily to establish a clickable on-line profile of themselves, so that their readers have some sense of who the person is who is commenting.
Finally, congratulations to Oxblog's Patrick Porter who received his doctorate in history from Oxford yesterday.