How Much Has the U.S. Government Borrowed to Pay Back What It Owes Itself?
-deficits matter if you plan on living past 2033
Saturday, June 20, 2026
the submicroscopic............
The true life takes place when we’re alone, thinking, feeling, lost in memory, dreamily self-aware, the submicroscopic moments...
-Don DeLillo, from here
writing.....................
If you have any doubt, default to writing. It scales better, respects people’s time, and produces better thinking. Writing forces you to define the problem and to admit whether calling the meeting was simply delaying the decision.
-Nicholas Bate, from here
cultivating..........................
Our great mistake in education is, as it seems to me, the worship of book-learning — the confusion of instruction and education. We strain the memory instead of cultivating the mind.
On beauty........
This is why beauty, even today, especially today, cannot serve any party; it cannot serve, in the long or short run, anything but men's suffering or their liberty. The only really committed artist is he who, without refusing to take part in the combat, at least refuses to join the regular armies and remains free-lance. The lesson he then finds in beauty, if he draws it fairly, is a lesson not of selfishness but rather of hard brotherhood. Looked upon thus, beauty has never enslaved anyone. And for thousands of years, every day, at every seond, it has instead assuaged the servitude of millions of men and, occasionally, liberated some of them once and for all.
-Albert Camus, from his 1957 lecture "Create Dangerously"
time to fly......................
"Are you happy here?"
I looked out of the window and took a breath. I couldn't lie to him.
"I'm happy here, but I also want to grow more. I want more things for myself. I am trying to sort it all out.
Then we were silent.
A few days later, he asked me to meet him at the office on the following Saturday morning. As soon as I walked in the door and saw his face, I knew what was coming.
"This is going to be the best thing that ever happened to you," he began. He fired me, then said, "It's time for you to fly."
After six years at the 55 Restaurant Group, I walked out of that office for the last time.
-Cameron Mitchell, Yes Is the Answer. What Is the Question?: How Faith in People and a Culture of Hospitality Built a Modern American Restaurant Company
Wednesday, June 17, 2026
Any Major Dude With Half a Heart...........
.................celebrates the World Cup by offering 48 songs, one from each of the countries playing in the on-going tournament.
Might quicken me.................
Our shells clacked on the plates.
My tongue was a filling estuary,
My palate hung with starlight:
As I tasted the salty Pleiades
Orion dipped his foot into the water.
Alive and violated,
They lay on their bed of ice:
Bivalves: the split bulb
And philandering sigh of ocean
Millions of them ripped and shucked and scattered.
We had driven to that coast
Through flowers and limestone
And there we were, toasting friendship,
Laying down a perfect memory
In the cool of thatch and crockery.
Over the Alps, packed deep in hay and snow,
The Romans hauled their oysters south to Rome:
I saw damp panniers disgorge
The frond-lipped, brine-stung
Glut of privilege
And was angry that my trust could not repose
In the clear light, like poetry or freedom
Leaning in from sea. I ate the day
Deliberately, that its tang
Might quicken me all into verb, pure verb.
-Seamus Heaney, "Oysters"
patience...................
Youth walked before me and I followed him until we came to a distant field. There he stopped, and gazed at the clouds that drifted over the horizon like a flock of white lambs. Then he looked at the trees whose naked branches pointed toward the sky as if praying to Heaven for the return of their foliage.
And I said, "Where are we now, Youth?
And he replied, "We are in the field of Bewilderment. Take heed."
And I said, "Let us go back at once, for this desolate place affrights me, and the sight of the clouds and the naked trees saddens me."
And he replied, "Be patient. Perplexity is the beginning of knowledge."
-Kahlil Gibran, The Voice of The Master
It is what we allow it to be...............
Although we cannot dictate all the circumstances around us, there is no excuse for being unprepared or irresponsible. All too often we disregard our ability to influence the outcome because we see a situation as beyond our control. We casually dismiss our responsibility with the refrain, "It is what it is."
We need to lead. Even when circumstances feel completely beyond our control, we must still act. Only then will we be positioned to exert our influence, which will drive us closer to determining the outcome. By leading, we can overcome the feeling of victimization and, instead, understand the range of options within our power.
By taking control of our preparation, reaction, and response to problems, we become leaders. When we reframe our mindset and see situations through the lens of leadership, we understand that things don't have to remain as they are.
-Dave Berke, The Need to Lead: A TOPGUN Instructor's Lessons on How Leadership Solves Every Challenge
Sunday, June 14, 2026
memories.....................
The truth is that memory and forgetting are forever entwined. . . .
Neurobiologists learn a great deal about memory by studying forgetting. To forget something means we had to have known it at some point, and that's different than never having known it in the first place. And even when we think we know something, memory is fallible in two different ways. First, we can lose things in our memory banks, sometimes temporarily, sometimes for a lifetime. Second, when we do locate and retrieve a memory, it can be fantastically distorted without our realizing it.
The truth is we have false memories every day, lots of them. We just don't know it because we're not often challenged.
-Daniel J. Levitin, I Heard There Was a Secret Chord: Music as Medicine
ought to be adjusted.................
Throughout, however, Burke demonstrates his ability to combine specific details with Olympian generalization. Thus a discussion of imports from Jamica and the malign effects of the Stamp Act yields the timeless Burkean insight that 'politics ought to be adjusted, not to human reasonings, but to human nature; of which the reason is but a part, and by no means the greatest part.'
-Jesse Norman, Edmund Burke: The First Conservative
how long is an era...................?
An Oriental wise man always used to ask the divinity in his prayers to be so kind as to spare him from living in an interesting era. As we are not wise, the divinity has not spared us and we are living in an interesting era. In any case, our era forces us to take an interest in it. The writers of today know this. If they speak up, they are criticized and attacked. If they become modest and keep silent, they are vociferously blamed for their silence.
-Albert Camus, from his 1957 lecture at the University of Uppsala
Tuesday, June 9, 2026
thoroughly.................
This is the true joy in life, the being used for a purpose recognized by yourself as a mighty one; the being thoroughly worn out before you are thrown on the scrap heap; the being a force of Nature instead of a feverish selfish little clod of ailments and grievances complaining that the world will not devote itself to making you happy. And also the only real tragedy in life is the being used by personally minded men for purposes which you recognize to be base. All the rest is at worst mere misfortune or mortality: this alone is misery, slavery, hell on earth; and the revolt against it is the only force that offers a man's work to the poor artist, whom our personally minded rich people would so willingly employ as pandar, buffoon, beauty monger, sentimentalizer and the like.
-George Bernard Shaw, from here
Monday, June 8, 2026
self-hazards.......................
Investing is hard. You're forced to deal with the constant uncertainty, volatility, fear, greed, and an endless stream of noise. Your worst enemy in the markets is not the person on the other side of the trade—it's you.
Doing more, trying harder, making more trades and paying more attention to your portfolio can be hazardous to your wealth. The most important work you can do as an investor is proper preparation. And when it is time to act, it will because your plan tells you to, not because of some scary headlines or talking head on financial television forcing your hand.
-Ben Carlson, Risk & Reward
the temperament.....................
Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.
unraveling.................
Our unraveling continues, even accelerates. Political institutions and geopolitical norms are fracturing. Far-right and nationalist movements are ascendant. Democracies around the world look vulnerable; the sturdy-seeming institutional bulwarks that loomed solemnly around them now sag under pressure like rotten wood. There is no more staggering an indicator of the profound misoperation of American society that its decision in 2024 to return Donald Trump to the office of the presidency. It is madness to have put him there, and is our madness that keeps us from perceiving—collectively—the absurdity and destructiveness of our choice. But the world as a whole is sheathed in confusion. In all likelihood, the postwar era of liberal hegemony is ending, and it is honestly difficult to say why. In America and around the world, we look at each other bewildered, unable to comprehend the reality that others perceive or to fathom their motivations.
-Ryan Avent, In Good Faith: How the Nature of Belief Shapes the Fate of Societies
Somewhere on my journeys through the Intertunnel I found a recommendation for this book, so I bought it. Enjoyed the first three pages, then came to the above paragraph. All I can say is that Avent needs to get out more. A few stray thoughts: first, one of the problems with our elections is that the choice is binary. Donald Trump or Kamala Harris was our choice in 2024. Reasonable people may disagree, but it was certainly not madness, or far-right, to prefer Trump over Harris. A majority of the country made that choice. Second, Avent finds it difficult to understand why the "postwar era of liberal hegemony is ending". Maybe, in good faith, he should take a closer look at the quality and character of those people passing as "elites" in government, media, and in our world-at-large these days. Open your eyes, Ryan. Anyway, if the quality of thinking does not improve, I will not be finishing this book.
Religious freedom, or not...............
............More stuff I never learned as a history major:
In 1768, with dissenting religion continuing to grow, the Anglican establishment—both a political and religious entity—resorted to arrests. Baptists faced the brunt of arrests. By the time of the American Revolution, more than half the Baptist ministers in Virginia had been jailed for preaching without a license or disturbing the peace. (Some ministers responded that they had a license from "King Jesus" and recognized no other authority over their calling.) . . .
Facing the most formidable military of the eighteenth century, and with dissenters accounting for 20 to 33 percent or more of Virginia's white population, patriot leaders realized quickly that they needed dissenters' support in the war effort. (Government documents noted, for example, the need for support from those marksmen in the heavily Presbyterian Shenandoah Valley with the extraordinarily accurate long rifles who eventually mad up the core of Daniel Morgan's riflemen at the Battle of Saratoga.) This recognition led to a remarkable negotiation—support for the war effort being offered by dissenters in return for religious freedom.
Dissenters' earlier pleas for some limited relief were replaced by demands for equal treatment: an end to the church tax; an end to Anglican control of marriage, orphans, and poor relief; exemption from military service for dissenting ministers. Religious freedom was tied to the sought-after support for the war.
-John A. Ragosta, from his essay, What Does the American Revolution Mean to Me? in The American Revolution at 250: Twenty-Four Historians Reflect on the Founding
Sunday, June 7, 2026
Good luck with that.................
If Mamdani wants his affordability agenda to be more than a redistribution of this shrinking pie, he will need to recharge the private-sector engines of upward mobility. He can do that by confronting the occupational licensing and business regulations, land-use restrictions, and cost drivers that have made middle-class life in New York so hard to sustain.
-Michael Dresdale, from this essay
however....................
However beautiful the strategy, you should occasionally look at the results.
On handling..........................
............................................conflict.
Well, today we’re gonna get some help from what may seem like an unlikely source: Carl von Clausewitz.
Yeah, the dead war guy. The 19th-century Prussian strategist who spent his time thinking about armies and violence, which sounds like it has nothing to do with you, a person whose most frequent combat scenarios involve passive-aggressive emails.
About denying danger..................
Given our ability to deny dangers - to stare at a lion and declare "That is not a lion" - the only moment when many matters are crystal clear are when they are being analyzed from inside of the lion's stomach.
Letters...................
From my infancy I was taught to love humanity and liberty. Enquiry and experience have since confirmed my reverence for the lessons then given me, by convincing me more fully of their truth and excellence. Benevolence toward mankind excites wishes for their welfare, and such wishes endear the means of fulfilling them. These can be found in liberty only, and therefore her sacred cause ought to be espoused by every man, on every occasion, to the utmost of his power. As a charitable but poor person does not withhold his mite because he cannot relieve all the distresses of the miserable, so should not any honest man suppress his sentiments concerning freedom, however small their influence is likely to be. Perhaps he “may touch some wheel” that will have an effect greater than he could reasonably expect.
-John Dickinson, from his first Letters from a Farmer in Pennsylvania
Been reading The American Revolution at 250: Twenty-Four Historians Reflect on the Founding. More than a few historians are troubled by the contradiction between the sentiments of liberty inherent in the Founding and the reality of enslavement. 250 years and a bloody civil war later, we are still dealing with the echoes of that contradiction. Reading Dickinson's first letter, the question arose, "was Dickinson a slave owner?" Google says yes. Dickenson College puts it this way: "The founders of Dickinson College believed in the principles of the enlightenment and yet still found ways to rationalize ownership of other human beings."
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