Calculate your share of a billion dollar expenditure (2024)

Every week you read about federal spending on projects that cost billions or trillions of dollars.  You know that you contribute to that amount when you pay your taxes, but most people don’t have any idea how much they are paying for that bank bailout or new weapon system. Figuring this out is about as easy as calculating a tip on a dinner check. All you need to know is your SOB factor (Share of a Billion).

To calculate the SOB all you need to know is how much your tax bill was for 2014.  It doesn’t matter if you got a refund or had to pay. What matters is the number on line 24 of form 1040 (2024 version). This is your ‘total tax’ for the year.  Once you have your total tax number, get out a calculator and divide it by 4,900 – which is roughly how many billions the US collected in 2024.   The result is your share of every billion dollars the government spends (including the amounts they borrow to pay).

So say Joe’s tax for 2024 was $24,500 and he divides it by 4,900 to get about $5. This is his SOB factor.  The next time he hears about a 100 billion expenditure he knows that he paid $5 for every billion spent, or a total of $500 for that one expenditure.  And what about a trillion dollar expenditure?  A trillion is one thousand times a billion so Joe’s SOT (Share of a trillion) is one thousand times his SOB or $5,000 for each trillion.  Every time the Federal Government spends $1 trillion, Joe’s share of that is $5,000. Joe can now decide if this particular expenditure is worth his $5,000.

Email hoaxes and urban legends

I am surprised at how many of these get forwarded to me by otherwise intelligent people. I find them easy to spot because they:

  1. Arrive with a half page of CC Email addresses at top.
  2. Urge you to forward the message to all of your contacts.
  3. Describes some emergency or noble cause that needs immediate attention.

In my experience, 99% of messages that ask to be forwarded to everyone on your contact list are hoaxes. The same goes for invitations to send UPC codes, pull tabs, post cards, etc (here is the one exception). So the next time you are tempted to click “forward” on a message, copy the key phrase from the message and run it through a search engine along with the word “hoax”. There are sites dedicated to debunking hoaxes and one of the best is Snopes.com, which is:

the definitive Internet reference source for urban legends, folklore, myths, rumors, and misinformation.”

Guide to online education

If you are considering taking an online course or just curious about online education, you might want to check out the Online Schools Guidebook, put out by Accredited Schools Online.  And it really is like a book, since the guidebook page has the equivalent of 25 pages of information.  This includes some great material on free resources and trends.

The main page also has a searchable list of schools and programs from all over the country.  It including several ways to filter the data and generate maps of their locations.

 

Pay for college credit after passing the course

It may seem modest, but I think this is a turning points in higher education.  According to this article, Arizona State has partnered with edX to create the Global Freshman Academy.  This new program will let students attempt any of 12 freshman courses (for credit) with a cost of only $45 per class up front. When the student passes the course they can choose to pay an additional fee ($200 or less per credit) to have those credits applied to their college transcript. Students who purchase the credits can can request an official transcript from the university to show their letter grades and prove their attainment of college credit.  They can use these credits if they decide to apply to ASU or another college. Anyone who doesn’t want credit can take the same courses with no upfront cost.

So one obvious difference is that you can decide after you take the class if you want to pay for the credits.  That way you don’t invest thousands, only to lose it all if you can’t pass. And these credits cost about half of what ASU’s normal online courses cost.

But what I see as the real difference is that there is no admission required to take these courses for credit. You can try a real, for-credit, college course without the application, admissions tests, essays, etc. The turning point in my mind is that colleges are starting to experiment with creative configurations like this one.

Will 2016 presidential candidates be pro pot?

This article in Think Progress brings up a few interesting points.

1) No presidential candidate in 50+ years has won without winning 2 of the 3 swing states (PA, FL, OH).

2) According to a Quinnipiac University Poll, 80+ percent of voters in these states support medical marijuana and 50+ percent in all 3 states are OK with recreational marijuana.

So TP suggests that presidential candidates might start thinking of marijuana reform as a main stream issue.

Can we scrap daylight savings time yet?

Before you think me uninformed, I know that the correct term is “Daylight Saving Time”. I just prefer the common term instead of the official term. Actually, I would prefer the term “mess with your sleep” time.  If it were up to me I would have done away with DST long ago. Maybe this is partly because I work on computer programs and I know the mischief DST can cause, like when a flight schedule can list 1:25 am twice in the same day.

According to this article in Scientific American, DST may have made a slight difference in the time before air conditioning, but now the only big winners seem to be the evening outdoor recreation providers (like golf courses). In some states DST costs more energy than it saves, and the affects on health are a very mixed bag.

What no one discusses is the small helping of aggravation it costs every single person affected.  Every time I schedule an appointment with a customer in AZ I have to figure out when they are 2 hours off and when they are 3 hours off. I waste 20 minutes twice a year changing all the clocks in the house.  Then spend a week watching my kids adjust to new wake times, and can’t give them a good reason for it. It might seem trivial but multiply that aggravation by a few hundred million people and I can’t imagine the benefits outweigh the costs.

 

Psychedelic drugs don’t damage mental health

According to a Norwegian study mentioned today in the Capital OTC, psychedelic drugs (LSD, magic mushrooms, etc.) do not affect a person’s mental health and cause less harm than alcohol. Surprisingly, they are not considered addictive like alcohol.  There are even suggestions that some of this illegal substances can help patients with PTSD and other similar disorders.

Like the recent watershed in marijuana attitudes and laws, we may find that other substances that are currently prohibited are looked at more closely for their potential benefits.

A bill in the house to end Marijuana prohibition

According to this article in The Hill,  a bill was introduced in the US House of Representatives by Rep. Jared Polis (D-Colo.) that would end the Federal prohibition on marijuana and treat marijuana users like alcohol users.  It includes a federal tax on recreational use (but not on medical use) of the drug.  The bill has little chance of getting passed, but it does show that the issue is gaining momentum.

Marijuana legalization is affecting drug cartels

Those of us who have supported the end of the marijuana prohibition have argued that the prohibition props up organized crime.  This was true with the alcohol prohibition in the last century and is still true for today for drugs, gambling and prostitution.  Yet I remember reading people being skeptical that the experiments in Colorado and Washington would have any meaningful impact.  Well according to several sources the limited legalization in the US is already having an impact on cartels and their growers.

Also, according to the ArcView Group:

“Legal marijuana is the fastest-growing industry in the United States and if the trend towards legalization spreads to all 50 states, marijuana could become larger than the organic food industry.

Weak college professors

I wonder if my love of independent study and my interest in MOOCs is related to my having had more than my share of bad professors.  The “M” in MOOC stands for “massive” and there is no way a weak course or a weak professor are going to be successful as a MOOC.  That is why most MOOCs are good courses taught by an exceptional instructor and even improved over time.  So I would much rather take a MOOC than take a live course with a weak instructor.

After three bachelor’s degrees and a master’s degree I have had more than my share of college professors, both good and bad.  Some of the bad ones were really bad.  In my opinion, the worst class/professor combination I ever had was my marketing class at Trenton State College while working on my masters degree. She was disorganized, the class requirements changed mid stream and there was little meaningful instruction.  Thankfully that professor was gone after one year.  I like to think that was partly due to the conversation I had with the dean after my class was over.

A few years later I was working for a hospital and was talking to one of my staff.  She was a very sharp older woman who was taking some night courses at a college in downtown Philadelphia.  She told me that she liked all of her classes but that she was struggling in her marketing class.  I commiserated, saying that the one class I had trouble with in graduate school was marketing, but only because I had an awful professor. I mentioned the professor’s name and was met with a stunned look.  The same professor was still teaching, just at a different school.