As is well known, from 1980-1992 tax cutting was great and deficits didn’t matter. But starting in 1993 it was crucially important for the government to run balanced budgets. But then suddenly in 2001, budget surpluses became dangerous and we needed giant tax cuts. Then from 2002-2008 deficits didn’t matter because it was wartime.
September, 2008
Sucker's Bet
Manic Comics
With a copy of Photoshop and subscriptions to Golden Age Comic Book Stories and The Horrors of it All, it's a wonder that I ever get any sleep at all.


Chartastic!
Just wanted to offer a reminder that data is as data does. Everything can be described using numbers. (You know, like how psychology is just a special application of biology, which is just a special application of chemistry, which is just a special application of physics, which is just a special application of math.)
But most people don't speak numbers very well. If you want to get a point across to those people, you have to find a way to make the numbers into a pretty picture. Something inevitably gets lost along the way, and if you're not careful, you may end up giving the wrong idea entirely. And, of course, sometimes the people who make charts intend to lead people astray. So you gotta be S-M-R-T! And pay attention.
Here's an example of a chart that appeared in the Washington Post and probably has a lot of people thinking something that isn't true:
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Lucky Old Man
Sg, I expect that we'll generally get along. I guess most dads think the same about their future relationships with their presently-toddlers.
I am pretty sure that you will have read Frank Miller's the Dark Knight Returns—even if you're not in to comics or Batman. I have found that a big part of sanity preservation in parenting is persuasion. And (let's face it) persuasion, when it comes to people you know very, very well, is nigh indistinguishable from manipulation. I have developed a repertoire of methods for making you think that my plans are your ideas. I don't mind telling you this, because—by the time you read this—I'm sure you will have come to realize that you have a similarly effective skill set for subtly persuading me. No hard feelings; it's just the kind of apes we are. And if I can't get you to read a genre-defining graphic novel when you're a teenager, well then I'm not nearly so persuasive as I think I am.
But I'm getting away from my point. It's a little sad that, even if we have similar senses of humor, and even if you read the Dark Knight Returns, you will lack the political context to really appreciate this:
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White Privilege
Sg,
Believe it or not, a lot of folks are blind to bigotry that isn’t directed at them. For example, many would need to see a cross burning before they would call racism, a swastika before calling anti-semitism, or a “No Girls Allowed” sign before calling sexism.
What these people don’t get—what many of them are determined not to get—is that overt symbols and acts of bigotry, while bad news, are just the tip of the iceberg. Real damage is done by unquestioned cultural assumptions about what it means to be other (e.g. black, Jewish, woman, Muslim, poor, gay, etc.). These assumptions are so powerful because they are carried, like infectious disease are carried by people who don’t realize they’re infected, into all of the systems that determine who has power in our society. Very, very few people think of themselves as bigots, yet black people who kill whites in the United States are several times more likely to receive the death penalty than whites who kill blacks. Women earn about 80% as much as men doing the same jobs. Traffic planners seem to ignore the safety of kids and pedestrians in poor neighborhoods.
You won’t be on the receiving end of most forms of systemic bigotry, so it may not be so obvious. Which is why it’s worth listening to those who spend their time noticing, thinking about and writing about bigotry. Awareness of the problem is key to not being part of it.
I followed a link today (h/t Ta-Nehisi Coates) to an article that uses the current presidential campaign as a backdrop for pointing out some of those corrosive cultural assumptions. You (hopefully) won’t have any knowledge of the people mentioned in the piece, but I don’t think that should injure the points being made. Here’s an excerpt (and pardon the language, but it’s kind of integral to the point being made):
You Know, Sun
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"My Goodness"
I'll try to remember to make some brief notes about your day here tomorrow, in case anyone ever asks you where you were on the day the economy collapsed*:
In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis, while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer.
The humbling moves, which reshape the landscape of American finance, mark the latest chapter in a tumultuous year in which once-proud financial institutions have been brought to their knees as a result of hundreds of billions of dollars in losses because of bad mortgage finance and real estate investments.
But even as the fates of Lehman and Merrill hung in the balance Sunday night, another crisis loomed as the insurance giant American International Group appeared to teeter. A.I.G. sought a $40 billion lifeline from the Federal Reserve, without which the company may have only days to survive.
The stunning series of events culminated a weekend of frantic around-the-clock negotiations, as Wall Street bankers huddled in meetings at the behest of Bush administration officials to try to avoid a downward spiral in the markets stemming from a crisis of confidence.
“My goodness. I’ve been in the business 35 years, and these are the most extraordinary events I’ve ever seen,” said Peter G. Peterson, co-founder of the private equity firm the Blackstone Group, who was head of Lehman in the 1970s and a secretary of commerce in the Nixon administration.
* I'm exaggerating a bit for fun, but it really is a little scary.
Sg, I Have Good News and Bad News
My casual observation suggests that children of lawyers are more likely to be lawyers than the general population. So the good news/bad news is: Being a Lawyer and Male Makes You a Top Earner, Census Report Shows.
On a related note, do you think Woody Guthrie realized when he was writing This Land is Your Land that it would not achieve perfection until recorded by Sharon Jones and the Dap Kings in 2005? Have a listen:
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The Personal and the Political (Earmarks)
Sg, I noticed today that we recently (though I'm not sure exactly when) passed a milestone. I once would have saved cleaning the house for your naptime, because cleaning the house while watching you was more trouble than doing the two things separately (even if I had to give up the personal time I might have had during your nap).
By this morning, it seemed pretty reasonable to clean the house with your “help” so that I could do goofy blog stuff during your nap. You're more independent, and you can follow basic instructions (like “let's not take the dirty dishes out of the washer just yet”).
On another note, there is a guy running for president of the United States who is proposing massive tax cuts. Our current president was also a big fan of tax cuts, and people are wondering where the government will get the money it needs for domestic programs and foreign wars if we have even more tax cuts. This guy running for president says he'll put a stop to “government earmarks” to reduce government spending. It amazes me how many people don't realize how silly this is.
An “earmark” is when some money in an appropriations bill gets dedicated to a specific thing. For example, Congress might approve $800 million in spending on roads in Alabama, and the bill might include an earmark saying that $150 million of that must be spent on a particular road in an Alabama senator's home town. Remove the earmark, and the total spending is still $800 million. No savings.
Now, it may be the case that government spending would be more efficient without earmarks, and thus cost a little less in the long run. But that's far from obvious to me. (It may be that home state Congressmen and -women know better than the Congress as a whole what federal dollars should be spent on, which would make earmarks more, not less, efficient.)
Just wanted to point that out in case people are still having this stupid conversation when you're of voting age. Enjoy your nap.
Books for Boys (R.I.P., DFW)
It appears that David Foster Wallace has hung himself.
It seems a bit odd that he is survived by both John Barth and Thomas Pynchon, two much older authors who carved out a place for DFW's better works.[1] It looks like I have a plan for the evening.[2]

[1] One of these "better works" is the novel Infinite Jest, which pretty much blew my mind (which is to say that when I finished it I rolled over from page one thousand and whatever to page one and started over, which is not something I usually do). It is a fully-exploded work of fiction that is more effortless—that is, less self-conscious—than all but the very best of John Barth's work and lighter than Pynchon (who always leaves me feeling that I have brushed against something much uglier than I can account for having read about).[*]
[2] A book of The Man Himself's essays has been riding the headboard, largely unread, for a couple of months. While I doubt TMH did himself in because I hadn't finished Consider the Lobster, I still think I'd feel weird about letting it lie now.
[*] But I have been told (and it makes some sense) that IJ is a book for the boys. But like not in the sense that it is topically something that only boys would be interested in, but that the whole undertaking comes off as the special kind of greatness/stupidity that can only be achieved as the result of the uneasy competition that is a necessary third whenever two men are in a room.
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