Posts bySpy Briefing Today

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How Much Surveillance Can We Accept?

Three months after Edward Snowden’s leaks began to reveal the extent of the U.S.’ mass surveillance program, “serious people” are beginning to make the case that it’s time for the outrage and indignation to subside and give way to a “national conversation” about the future of surveillance. So has the moment come for us to …

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Spend ’til it Hurts

Every year, the Congressional Budget Office (CBO) adds to its short-term budget forecasts (10 years and 25 years) a long-term (75-year) outlook.The 2013 Long-term Budget Outlook was published earlier this week. The CBO, of course, admits that “the uncertainty of budget projections increases the farther the projections extend into the future.” Some would argue that …

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Pension Funds: The $4 Trillion Problem

A new assessment of state pension obligations suggests the problem is even worse than it already appears. How much worse? EMPTY COOKIE JAR: Pension liabilities are worse than many states’ official figures indicate. Using a more conservative method of accounting for financial gains in the marketplace, there is a $4.1 trillion gap between assets and …

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The Untrustables

I have come to the point that I cannot believe a thing President Obama says. That’s not quite the same as saying I don’t believe anything he says. When he speaks he may be telling the truth, he may not be, or he may be parsing his words to mislead. But it’s impossible to know …

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The U.S. Really Wants a War With Syria

Apparently, global markets rallied overnight on hopes that a conflict may be avoided if Syria gives up its chemical weapons. If that’s the case, it’s a rally that will fade later in the week. That’s because the ongoing Syrian conflict has nothing to do with chemical weapons. It’s all about regime change, which is all …

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You Don’t Deserve Your Privacy

U.S. and British intelligence agencies have successfully cracked much of the online encryption relied upon by hundreds of millions of people to protect the privacy of their personal data, online transactions and emails, according to top-secret documents revealed by former contractor Edward Snowden. The files show that the National Security Agency and its UK counterpart …

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Paul Krugman is Wrong… Again

Writers sometimes worry if a day will come when they have nothing more to say. As long as Paul Krugman is around, I will never have that worry. Boston University professor, Lawrence Kotlikoff has suggested that Krugman return his Nobel Prize. I hope he doesn’t. As long as someone with Krugman’s professional status gets his …

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