Quotulatiousness

October 31, 2013

A garage of historical significance

Filed under: History, Technology, USA — Tags: , , — Nicholas @ 08:28

In The Register, a remarkably blasé report on the designation of the house where Jobs and Wozniak created the first Apple computers:

The house where Steve Jobs built his first computers has been added to a list of historic buildings in Los Altos.

The Los Altos Historical Commission voted unanimously to add the home at 2066 Crist Drive as a historic resources, since its hallowed garage was where Jobs made his first computers and co-founded Apple, the San Jose Mercury News reported.

The commission’s report said that it had been reviewing the property for potential designation for the past two years due to its “association with an event and an individual of historic significance”.

From other discussion on the topic, this will require the current owner of the property (Patricia Jobs, the sister of the late Steve Jobs) to get the commission’s advance permission to do any kind of work on the house … including ordinary maintenance. No funds from the municipality go along with this designation: once your house has been so designated, you no longer exercise full rights of ownership, but you still are required to pay for any work the commission deems necessary or desirable. Ms Jobs apparently still has a right to appeal, but I don’t know what her chances of success might be.

October 30, 2013

The “Libertarian Moment” – or small government’s latest 15 minutes of fame

Filed under: Liberty, Politics, USA — Tags: , , — Nicholas @ 08:34

In Time, Nick Gillespie says that if “everyone from The Washington Post to NPR to The Atlantic are talking about some variation on ‘America’s Libertarian Moment,’ attention must be paid”.

The American Values Survey is based on responses gathered in late September and early October from a representative group of about 2,300 adults. The researchers used answers to questions about national security, economics, and “personal liberty” to create a “Libertarian Orientation Scale.” By such measures, 7 percent of Americans are “consistent libertarians” and another 15 percent “lean libertarian,” meaning they oppose increased government spending on things such as military operations and domestic surveillance, raising the minimum wage, and environmental regulations.

Such fiscal conservativism is matched by social liberalism, with libertarians in favor of legalizing marijuana, protecting abortion rights, allowing doctors to prescribe life-ending drugs, and keeping the Internet unregulated. Libertarians are much more likely than most Americans to be male, white, and under 50 years old. They are also far less likely than most Americans to be religious and to think that religion has a place in politics. This puts them at odds with “other key Republican base groups” such as the Tea Party movement and white evangelical Protestants.

As befits people who put a high value on individualism, libertarians don’t fit easily into existing political categories even as they are far more likely to pay close attention to politics than the average American (56 percent of libertarians versus just 38 percent) and to always vote in primary elections. “The Libertarian Orientation Scale and traditional measures of political ideology that run along a liberal-conservative axis are only weakly correlated,” according to the survey.

That means that the 22 percent of Americans who are consistent libertarians or lean libertarian are fully capable of throwing any election in their direction. That makes them the true wild cards of American politics. A majority of libertarians describe themselves as independent (35 percent), affiliated with a third party (15 percent), or as Democrats (5 percent), with the remaining 45 percent calling themselves Republicans.

October 29, 2013

Poverty in America

Filed under: Economics, USA — Tags: , , , — Nicholas @ 10:40

Zero Hedge recently went on a tear about “soaring poverty in America”, compiling a list of 29 items which “proved” the case. Tim Worstall indulges in a bit of fisking over the mythical claims:

    2. New numbers have just been released, and they show that the number of public school students in this country that are homeless is at an all-time record high. It is hard to believe, but right now 1.2 million students that attend public schools in America are homeless.

No, I’m afraid not. In fact, this isn’t possible in the slightest. The numbers for homelessness are here.

    In January 2012, 633,782 people were homeless on a single night in the United States. Most (62 percent) were homeless as individuals and 38 percent were homeless as persons in families.

At any one time we have 630,000 homeless people. We cannot therefore have twice that number of children alone being homeless at any one time. This is not one of the mathematical possibilities that this universe offers us.

What is actually being said in the original number is that over the course of a a year 1.2 million children will suffer one or more incidents of homelessness. We can still think that this is appalling, that it shouldn’t happen and that we ought to be doing more about it. But it is not true that “right now 1.2 million students that attend public schools are homeless”.

    3. When I was growing up, it seemed like almost everyone was from a middle class home. But now that has all changed. One recent study discovered that nearly half of all public students in the United States come from low income homes.

Well, if you grow up in a middle class area then of course those you grow up with are likely to be middle class. But that nearly half of students coming from low income homes is indeed true. But it’s extremely uninteresting that it is. Here’s the definition of low income they are using:

    To be crystal clear, the researchers were not analyzing poverty rates per se. Rather, they tracked at the percentage of children in each state who received free or reduced school lunches, which are only available to students whose families earn below 185 percent of the poverty line. For a family of four, that amounted to about $41,000 in 2011.

As it happens, median household income is around two times that federal poverty line. So, 185% of the federal poverty line is going to be pretty close to the median household income. Median household income being the amount that 50% of households get more than and 50% get less than. So, yes, we would pretty much expect that 50% of children are coming from low income families. Because it’s only in Lake Woebegon that all the children are above average. This is a statistical artifact of the measure they are using as low income, nothing else.

And, of course, the traditional mis-measurement of poverty in the US compared to pretty much every other western country:

    6. According to the U.S. Census Bureau, approximately one out of every six Americans is now living in poverty. The number of Americans living in poverty is now at a level not seen since the 1960s.

No, this is not true, as I’ve pointed out in these pages many a time. Many, many, many, many times in fact.

The 15% in poverty measure is the number of people who would be in poverty if we didn’t help them by giving them money, food, housing and health care. It is not the number living in poverty. It is the number in poverty before we help them out of poverty. And as to the comparison with the 1960s, in the 1960s it really was the number in poverty after we helped, now it’s the number before we help.

As to why this is when we calculate the number below the poverty line we look only at cash incomes. This includes any actual money that people might be given to alleviate their poverty. In 1960s America pretty much the only poverty alleviation that was done was to give money to poor people (“welfare”). Today we give very little money directly. But we spend a vastly greater amount in giving people things. Medicaid, Section 8 housing vouchers, SNAP (or food stamps). We also give aid to the low paid through the tax system, with the EITC. However, we do not count all of those things, nor the EITC through the tax system, in our calculation of the number below the poverty line. So, since the 1960s the US measure of poverty has changed. From being one of people who are indeed living in poverty after whatever help they get to one of the number of people who would be in poverty before any help that they get.

When we correct for this the US poverty rate is significantly lower now than it was in the 60s. One estimate is that it is about half the 60s number.

Obamacare’s technical issues

Filed under: Government, Technology, USA — Tags: , , , — Nicholas @ 07:48

A comment at Marginal Revolution deservedly has been promoted to being a guest post, discussing the scale of the problems with the Obamacare software:

The real problems are with the back end of the software. When you try to get a quote for health insurance, the system has to connect to computers at the IRS, the VA, Medicaid/CHIP, various state agencies, Treasury, and HHS. They also have to connect to all the health plan carriers to get pre-subsidy pricing. All of these queries receive data that is then fed into the online calculator to give you a price. If any of these queries fails, the whole transaction fails.

Most of these systems are old legacy systems with their own unique data formats. Some have been around since the 1960′s, and the people who wrote the code that runs on them are long gone. If one of these old crappy systems takes too long to respond, the transaction times out.

[…]

When you even contemplate bringing an old legacy system into a large-scale web project, you should do load testing on that system as part of the feasibility process before you ever write a line of production code, because if those old servers can’t handle the load, your whole project is dead in the water if you are forced to rely on them. There are no easy fixes for the fact that a 30 year old mainframe can not handle thousands of simultaneous queries. And upgrading all the back-end systems is a bigger job than the web site itself. Some of those systems are still there because attempts to upgrade them failed in the past. Too much legacy software, too many other co-reliant systems, etc. So if they aren’t going to handle the job, you need a completely different design for your public portal.

A lot of focus has been on the front-end code, because that’s the code that we can inspect, and it’s the code that lots of amateur web programmers are familiar with, so everyone’s got an opinion. And sure, it’s horribly written in many places. But in systems like this the problems that keep you up at night are almost always in the back-end integration.

The root problem was horrific management. The end result is a system built incorrectly and shipped without doing the kind of testing that sound engineering practices call for. These aren’t ‘mistakes’, they are the result of gross negligence, ignorance, and the violation of engineering best practices at just about every step of the way.

Even selling the USS Forrestal for $1 was a win for the US Navy

Filed under: Economics, Environment, Military, USA — Tags: , , , , — Nicholas @ 07:21

Several people have commented about the headlines proclaiming that the very first supercarrier had been sold for a princely sum of $1, but Strategy Page explains why even that token dollar was better than all the other options:

The U.S. Navy recently sold a decommissioned (in 1993) aircraft carrier (USS Forrestal) for scrap. The ship yard that will take the Forrestal apart (All Star Metals of Texas) paid the navy one cent ($.01) for the ship. That’s because this was the best deal the navy could get. That’s because it will cost many millions to take the ship apart in a legal fashion (being careful to avoid releasing any real or imagined harmful substances into the environment). The other alternative was to sink the Forrestal at sea. But this requires partial disassembly (to remove anything that could or might pollute the ocean), that would be even more expensive.

[…]

Since the 1990s, sending warships to the scrap yard has not been considered a viable alternative. It’s all about pollution, bad press, and cost. That was because of the experience with the largest warship to be scrapped to date, the 45,000 ton carrier USS Coral Sea. This ship took until 2000 (seven years) to be broken up. Thus, the new ecologically correct process was not only expensive but it took a long time. Then the navy discovered that the cost of scrapping a nuclear powered carrier like the USS Enterprise would be close to a billion dollars. This was largely the result of a lot more environmental and safety regulations. With so many navy ships (especially nuclear subs) being broken up in the 1990s, and all these new regulations arriving, the cost of disposing of these ships skyrocketed. This was especially true with carriers.

So for over a decade the navy just tied up retired ships and waited for some better solution to appear. That never happened. In fact, the situation has gotten worse. The navy only has one ship scrapping facility (Brownsville, Texas), so only one carrier at a time can be dismantled. Using official estimates of the time required to dismantle each of the biggest ships, it’ll take seven decades to get rid of the surviving conventionally powered carriers. Note also that the conventional carrier in the absolute worst shape, the USS John F Kennedy, is the one being officially retained in category B reserve (but only until Congress forgets all about her, of course). Name recognition really does count.

It gets worse. With the really vast number of single hull tankers being scrapped and large numbers of old, smaller-capacity container ships laid up and likely to be offered for scrap fairly soon, the market for difficult-to-scrap naval ships is going to shrivel and the price for scrap steel will drop. Efforts to get the navy to include the costs of disposal in the budget for lifetime costs has never caught on and now it’s obvious why not. The real nightmare begins with the first nuclear powered carrier (the 93,000 ton USS Enterprise), which began the decommissioning process in late 2012 (with the lengthy removal of all classified or reusable equipment). The cost of dismantling this ship (and disposing of radioactive components) may be close to $2 billion.

October 28, 2013

Reason.tv – What We Saw At The Anti-NSA “Stop Watching Us” Rally

Filed under: Government, Liberty, USA — Tags: , , , , , — Nicholas @ 09:59

On October 26, 2013, protesters from across the political spectrum gathered in Washington, D.C. to take part in the Stop Watching Us rally, a demonstration against the National Security Agency’s domestic and international surveillance programs.

Reason TV spoke with protesters — including 2012 Libertarian Party presidential candidate Gary Johnson and former Congressman Dennis Kucinich — to discuss the rally, why people should worry about the erosion of privacy, and President Barack Obama’s role in the growth of the surveillance state.

Correction: Laura Murphy, Director of the ACLU Washington Legislative Office, was incorrectly identified as Susan N. Herman, ACLU President.

Produced by Joshua Swain, interviews by Todd Krainin.

Nothing fails as big as Big Government

Filed under: Bureaucracy, Government, Technology, USA — Tags: , , , — Nicholas @ 09:05

In USA Today, Glenn Reynolds points out that even Obama detractors can’t say he didn’t do a good job in his last election campaign, but that the size and structure of government prevent him from being as successful with Obamacare:

Unlike Norris Dam, [opened within three years of the TVA Act passing congress] the Olmsted Dam and Locks on the Ohio River were authorized by Congress in 1988, but a quarter-century later the project is only half-done. It has also overrun its budget by a factor of four.

Meanwhile, most of the interesting stuff being done in outer space are being done by private companies. (In fact, President Obama’s space policy approach, which emphasizes private enterprise, is one of his greatest policy successes.)

As it’s gotten bigger the federal government appears to have gotten less competent. Apollo was a success on its own terms, but the big government policies that followed — the War On Poverty, the War On Drugs, the War On Cancer — have all been pretty much failures, sometimes disastrous ones.

Even Obama himself is evidence of this problem. His 2012 presidential campaign was famous for its mastery of technology, building up an electronic campaign infrastructure in just a few months that helped him win the election. But, of course, it wasn’t a government operation. Obama without the government — a technological success. Obama within the government — a technological embarrassment. The difference between success and failure here, as even Obama-haters will have to admit, wasn’t Obama. It’s more likely that a political campaign has clear goals, and lots of freedom to improvise, while a federal program is much more encumbered by law and bureaucracy.

Whatever the cause, it remains indisputable that the federal government isn’t very good at delivering on big projects. The obvious response is to not entrust the federal government with big projects on which it can’t deliver. Instead, they should be left to those who can.

October 27, 2013

Good news – we’re not in 1984; Bad news – we’re in Brave New World instead

Filed under: Books, Liberty, Media, Quotations, USA — Tags: , — Nicholas @ 00:01

I’ve already quoted from this week’s edition of Jonah Goldberg’s The Goldberg File email, but I quite liked this passage as well:

The bad news is that we don’t feel that way — anymore — about softer, more diffuse and bureaucratic forms of tyranny. Every American is taught from grade school up that they should fear living in the world of Orwell’s 1984. Few Americans can tell you why we shouldn’t live in Huxley’s Brave New World. We’ve got the dogmatic muscle and rhetorical sinew to repel militarism, but we’re intellectually flabby when it comes to rejecting statist maternalism. We hate hearing “Because I said so!” But we’re increasingly powerless against, “It’s for your own good!”

(Sadly, the surest route to the 1984-ification of America is to embrace Brave New Worldism. Once you’ve created a society of men without chests — in C. S. Lewis’s phrase — you’ve created a society ripe for a father-figure to make all of the decisions).

For instance, when the national-security types intrude on our privacy or civil liberties, even theoretically, all of the “responsible” voices in the media and academia wig out. But when Obamacare poses a vastly more intrusive and real threat to our privacy, the same people yawn and roll their eyes at anyone who complains. If the District of Columbia justified its omnipresent traffic cameras as an attempt to keep tabs on dissidents, they’d be torn down in a heartbeat by mobs of civil libertarians. But when justified on the grounds of public safety (or revenue for social services or as a way to make driving cars more difficult), well, that’s different.

And it is different. Motives matter. But at the same time, I do wish we looked a bit more like the America Edmund Burke once described:

    In other countries, the people, more simple, and of a less mercurial cast, judge of an ill principle in government only by an actual grievance; [In America] they anticipate the evil, and judge of the pressure of the grievance by the badness of the principle. They augur misgovernment at a distance; and snuff the approach of tyranny in every tainted breeze.

October 26, 2013

The media zombie horde

Filed under: Humour, Media, Politics, USA — Tags: , , , , , — Nicholas @ 10:24

In The Goldberg File email, Jonah Goldberg memorably characterizes the modern media:

When I go to Alaska to visit the Fair Jessica’s people, I’ll often hear some version of a joke about grizzly bears. The gist is, if a bear is chasing you, you don’t need to be faster than the bear, you need to be faster than the guy you’re hiking with. A similar dynamic applies in scandals of this nature: You don’t have to be blameless, you just need to be harder to blame than the other guy.

That’s because the media tends to stalk its prey like the unthinking zombie horde it so often is. Twenty miscreants, malefactors, and scalawags could be in on some scheme to defraud or bilk the public fisc, and the zombie horde will start chasing all of them, but the zombies will stop to feed on the first poor soul who can’t keep up.

Now Bill Clinton always understood this. Whenever it was necessary, he’d reassure his co-conspirators and enablers that he had their back, right up until the minute he found it necessary to handcuff them to the rear fender of a broken down Ford Pinto. Sometimes he varied his techniques, of course. Here’s a reenactment of how Bill Clinton treated Webb Hubbell. But you could always count on Bill to climb to safety over the backs of those who trusted him most.

Barack Obama, who holds a patent on a device that hurls aides and friends under a bus from great distances, also understands this. That is why Kathleen Sebelius these days looks a lot like a Soviet general on his way to brief Stalin on the early “progress” in the battle of Stalingrad.

Anyway, yesterday’s hearings were just the early try-outs. There are 55 contractors and countless nameless bureaucrats who can be thrown into the Great Pit of Carkoon (“You’re just determined to keep mixing metaphors aren’t you?” — The Couch) and given the full scope of this fustercluck, they could all be made to walk the plank before this is over.

The costs of drug prohibition – “Molly”

Filed under: Health, Law, Liberty, USA — Tags: , , — Nicholas @ 10:16

Jacob Sullum on Frank Owen and Lera Gavin’s search for “Molly” (MDMA powder in capsule form):

Last year in Playboy, Frank Owen skillfully dissected the Legend of the Causeway Cannibal, explaining how people around the world came to believe that the synthetic stimulants known as “bath salts” caused one man to eat another’s face, even though it turned out that the assailant had not actually consumed any of those drugs. In a new Playboy article, Owen and his wife, Lera Gavin, go “Chasing Molly,” searching high and low for some decent MDMA sold under its latest brand name. Spoiler alert: They fail.

[…]

It looks like many people who report MDMA-like experiences of openness and connectedness after consuming molly are providing further evidence of the powerful impact that “set and setting” (expectations and environment) have on a drug’s perceived effects. Yet this interesting experiment drug warriors have set up has a cost: not just disappointment but potentially deadly hazards for consumers who get something different from what they thought they were buying, as tends to happen in a black market.

Prohibition not only makes drugs more dangerous by creating a situation where people are swallowing iffy pills and snorting mystery powders; it blocks attempts to ameliorate those hazards. Owen and Gavin note that music festivals such as Electric Zoo, which this year was cut short after two drug-related deaths, “refuse to allow organizations such as Dance-Safe to test molly on-site because organizers fear they will be accused of condoning drug use.” Such accusations can trigger serious legal consequences, including forfeiture and criminal prosecution.

Another theory on gender wage gaps

Filed under: Business, Economics, USA — Tags: , , , , — Nicholas @ 09:34

A guest-post at the Freakonomics blog by John List and Uri Gneezy looks at an experiment they conducted to test their theory about the gender wage gap:

Scholars have long theorized about the reasons why women haven’t made faster progress in breaking through the glass ceiling. Personally, we think that much of it boils down to this: men and women have different preferences for competitiveness, and at least part of the wage gaps we see are a result of men and women responding differently to incentives.

Being experimentalists, we understood that without actual evidence, this was just a conjecture. Determined to test our idea in the field we launched a large-scale field experiment on Craigslist where we posted ads for an administrative assistant gig we needed to fill. The experiment was conducted with Jeff Flory and Andreas Leibbrandt as coauthors. We received responses from nearly 7,000 interested job seekers from cities all over the U.S.

After a job seeker touched base with us, we gave them more details on the way they’d be compensated. Then we asked them to provide some basic information if they wanted to be considered for the position. Half the job seekers were told that the job paid a flat $15 per hour. The other half were told they would be paid $12 an hour but they would compete with a co-worker for a $6 per hour bonus (so that both ads would pay workers an average of $15 per hour).

What’d we find? Women were 70% less likely than men to go after the job if it had the competitive pay scale.

The blog post is called “A Unified Theory of Why Women Earn Less”, but I don’t think it actually qualifies — if the experiment was repeated in different markets, it might well explain some of the difference, but I suspect that women’s choices of jobs that provide greater flexibility in hours and the specific fields that draw more female than male workers are probably greater influences on the overall employment and compensation picture.

NATO after the cold war

Filed under: Europe, Military, Russia, USA — Tags: , , , , — Nicholas @ 09:15

Austin Bay looks at the latest re-invention of the North Atlantic Treaty Organization (NATO):

As the Cold War faded in the early 1990s, “end of NATO” prognosticators argued that the collapse of the Soviet Union would lead to the collapse of the military alliance forged to defeat it. They maintained that intra-alliance political frictions, no longer checked by the threat of Soviet tanks and nuclear weapons, would inevitably fracture the complex organization.

Moreover, Western Europe, re-cast as the European Economic Community and preparing for life as the European Union, could do it alone, militarily and economically. According to these seers, the outbreak of peace in Europe meant Europeans no longer needed to fret with those overbearing Americans.

However, European peace didn’t break out, not quite. Instead, Yugoslavia broke up, a USSR in Balkan miniature, its dissolution sparking a series of dirty wars on European soil.

U.N. peacekeeping efforts in the Balkans failed to prevent massacres like Bosnia’s Srebrenica genocide. When Kosovo exploded, the Clinton Administration, Britain and France sidestepped the U.N. To fight the Kosovo War, they used a democratic political alliance capable of waging war on behalf of a better peace: NATO. By doing so, they reinvented NATO as a global actor for the North Atlantic democracies.

Balkan troubles still plague Europe, but NATO’s Kosovo intervention staunched the bloodshed. European diplomats also quickly learned that (excepting Serbia) the ex-Yugoslav Balkan states regarded NATO and the European Union as classy clubs. Diplomatic clout is one of NATO’s continuing utilities. Membership has prestige. Dangling NATO and European Union membership still encourages better, if not quite good, Balkan behavior.

[…]

The “deep goal” of this new round of reinvention is to insure that the alliance can fulfill its NATO treaty Article 5 obligation to current members. Article 5 commits every NATO nation to the defense of a member suffering attack by a non-NATO member. NATO invoked Article 5 after the 9-11 terror attacks on the U.S. The 9-11 Article 5 invocation and the Kosovo War were predicates to NATO’s “beyond Europe” involvement in Afghanistan and in Libya 2011.

NATO’s demise is anything but imminent. Evolving threats have seeded closer cooperation.

October 25, 2013

The glamour of big IT projects

Filed under: Government, Technology, USA — Tags: , , , , — Nicholas @ 00:02

Virginia Postrel on the hubris of the Obamacare project team:

The HealthCare.gov website is a disaster — symbolic to Obamacare opponents, disheartening to supporters, and incredibly frustrating to people who just need to buy insurance. Some computer experts are saying the only way to save the system is to scrap the current bloated code and start over.

Looking back, it seems crazy that neither the Barack Obama administration nor the public was prepared for the startup difficulties. There’s no shortage of database experts willing to opine on the complexities of the problem. Plenty of companies have nightmarish stories to tell about much simpler software projects. And reporting by the New York Times finds that the people involved with the system knew months ago that it was in serious trouble. “We foresee a train wreck,” one said back in February.

So why didn’t the administration realize that integrating a bunch of incompatible government databases into a seamless system with an interface just about anyone could understand was a really, really hard problem? Why was even the president seemingly taken by surprise when the system didn’t work like it might in the movies?

We have become seduced by computer glamour.

Whether it’s a television detective instantly checking a database of fingerprints or the ease of Amazon.com’s “1-Click” button, we imagine that software is a kind of magic — all the more so if it’s software we’ve never actually experienced. We expect it to be effortless. We don’t think about how it got there or what its limitations might be. Instead of imagining future technologies as works in progress, improving over time, we picture them as perfect from day one.

October 24, 2013

Balancing the scales of justice

Filed under: Law, USA — Tags: , , , — Nicholas @ 10:45

Do you remember the name Annie Dookhan? She shows up in a post called “If you’re not getting enough convictions on drug charges, tamper with the evidence at the lab“. Her case came to court recently and she was sentenced to a three-year prison term. At Popehat, Clark does a bit of math to determine whether the scales of justice are in balance here:

Before she was caught Dookhan lied about 34,000 samples.

Over 4,000 cases were tainted with her corrupt evidence.

Over 1,100 people were jailed in cases where Dookhan was the primary or secondary chemist finding them “guilty” of drug crimes.

Without knowing the exact durations of their sentences, we can’t know how many person-years of confinement Dookhan was responsible for, but taking two years as a conservative guess per person, she was responsible for 2,200 person years of confinement.

Without knowing the exact torture and abuse these 1,100 men and women underwent, we can’t know exactly how much rape and degredation Dookhan was responsible for, but given that we do know that most rape victims in the US are men, specifically men in the custody and “protection” of the State, and looking at the multiple studies that show that 9-20% of inmates are raped, we can guess that Dookhan was responsible for over 100 men and women being raped. To hand-wave further, we can guess than because “once a punk, always a punk” in the prisoner’s code, she is responsible for thousands of actual rapes.

To recap:

Ariel Castro:

  • crime: 3 prisoners, 30 person years, hundreds of rapes.
  • sentence: life plus 1,000 years.

Annie Dookhan:

  • crime: 1,100+ prisoners, 2,200+ person years, thousands of rapes.
  • sentence: three years,

October 21, 2013

The US debt iceberg

Filed under: Economics, Government, USA — Tags: , , — Nicholas @ 09:53

Jon Gabriel has put together a clear, understandable way to show the relationship between the US government’s revenue, deficit and debt numbers:

When Washington raised the debt ceiling this week, the Beltway media breathlessly reported that the fiscal crisis had ended. Lawyers danced in hallways, bureaucrats twerked on the Metro, congressional aides kissed strangers in the streets — the Tea Party has been defeated! It was like VJ day for wonks.

As our political class exchanged high fives and reporters praised a return to “sanity,” I wondered how these odd creatures defined insanity.

America’s fiscal crisis is not that our debt ceiling was too low, the fiscal crisis is that our debt is too high. When I mentioned this to left-leaning folks, they seemed indifferent. “Obama lowered the deficit.” “I think Bush spent more.“ “It’s Reagan’s fault!”

So I made this infographic:

US debt iceberg

Since most graphs look like this, I focused on just three big numbers: Deficit, revenue and debt.

The analogy is imperfect, but imagine the green is your salary, the yellow is the amount you’re spending over your salary, and the red is your Visa statement. Then imagine your spouse runs into the room and shouts, “great news honey, our fiscal crisis is over. We just got approved for a new MasterCard!” Your first call would be to a marriage counselor or a shrink.

H/T to Nick Gillespie:

What is it that Hemingway always used to say? That thing’s not loaded? Or something about how the “dignity of movement of an ice-berg is due to only one-eighth of it being above water.” Yeah, well, the horrors of federal finances is pretty undignified just looking at the amount of spending versus revenue we do and then it gets really sloppy when you look at the huge amount of debt below the waterline.

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