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2020

The Authors Of Prosperity

in Economics/Politics by

Amid a torrent of rumors surrounding the allegedly chaotic Trump transition, there have been some glimmers of hope emerging from the fledgling ascendance of the Manhattanite billionaire to the halls of power in Washington, DC. Vice President-elect, Mike Pence, has taken the reins of the transition process and his first order of business was to fire all lobbyists from the team, a promising sign that Trump plans to make good on his campaign pledge to “drain the swamp.” Coming on the heels of this welcome news is the report that the president-elect will order a ban on all lobbying activities for outgoing administration officials. And yet more happy news: James Clapper, head of the NSA, serial liar, and establishmentarian to boot, has resigned. The swamp is draining itself. As hopeful as all this appears, these optimistic developments are tempered by headlines pronouncing an energetic pessimism by those who refuse to find a silver lining in the outcome of our recent electoral contests.

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U.S. Nuclear Force To Phase Out Floppy Disks By 2017 Despite $80 Billion On Federal Upgrades

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If you asked most children what a floppy disk is, they wouldn’t have the slightest clue. While most computers today do not even use one – a sign of progress – a recent report states that the U.S. Pentagon is still using 8-inch floppy disks from the 1970s to operate its nuclear weapons. This should be a disturbing revelation on many counts. Seemingly undeterred by the lucrative spending allocated towards the military budget, (about $598.5 billion just in 2015) the Office of Management and Budget noted $80 billion of it was to be allocated towards maintaining aging computer systems. Yet, the Government of Accountability Office showed that the Pentagon was one of many departments where “legacy systems” urgently needed to be replaced. It is worth mentioning that the Government of Accountability Office also noted that more than 75 percent of $80 billion budgeted was for federal IT efforts across all agencies for the 2015 fiscal year. Much was spent on operations, maintenance investment, and they claim that this spending has increased in the past seven years. Never mind that the Department of…

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