Tuesday, October 19, 2010

Resume Speed and Mayor Fenty

We're back home, although still with PC problems, so there will be a slow resumption of blogging.  One thing I noted in the Post was Mayor Fenty's last hurrah, or at least his last opening/reopening of a DC library.  I was sort of casually aware he'd been active in the area, but the Post piece gave him lots of credit, both for facilities and for his support of the libraries.  The best bit of news in the piece was the fact that circulation of books etc. from the libraries is up 125 percent.  As Mrs. McNamara and assorted first ladies have said, reading is fundamental.

Sunday, October 17, 2010

IRS, FSA, and Adjusted Gross Income

Some problems in the process, apparently.

[Updated: Rereading the post at the link, I'm confused, and I'm losing faith in the underlying article. Will try to return to the subject soon.]

Tuesday, October 12, 2010

The Cost of Farm Programs

Is down and likely will continue down, given last Friday's crop report (cutting corn production and carryover, with cotton still at a buck).  See this graph (average of about $12 billion for the last four years).  Cato back in 2002 predicted the 2002 farm bill would cost at least $170 billion over 10 years.  So much for predicting the future. (Which isn't to say that the various programs can't be challenged and shouldn't be reformed or dropped, just that foreseeing the future is difficult.

Prognostications of the Future

Kagan and Kristol foresaw the future in a book published 10 years ago. Via Tom Ricks The Best Defense, here's a look back.

[Needless to say, they were about 95 percent wrong, and totally missed bin Laden.  But then, no good liberal would ever pay attention to any book which got the future right--what would be the fun in that.]

Monday, October 11, 2010

Where's the NAEP for Government?

 NAEP stands for National Assessment of Educational Progress.  It's a set of tests to see what students know and can do in different fields; thus, it's indirectly an assessment of schools, which is the way it's mostly used.

Assessing teachers is hard.  We've all had good teachers and bad teachers, and some of the teachers who were good for us maybe weren't so good for other students in the class.  And maybe some of what we learned wasn't really what our parents or the local community wanted us to learn, and thought they were paying the teachers to learn.

So is assessing government bureaucracy hard.  Compared to education, there's probably even more disagreement over the value of various programs.  The GPRA of 1993 was an initial attempt to try to assess performance. I'm dubious of its value, but now Sen. Lieberman and others are trying to revise and update it. I'm still dubious.  To make this real, there should be an administration strategic plan and a Congressional strategic plan. Obviously what Obama wants the EPA to do is different than what Sen. McConnell et. al. want the EPA to do.  If the EPA does a plan that's the lowest common denominator of the two, it won't say much.  But even then, if Obama and McConnell were paying attention to the strategic plan, that would be a big improvement.  I suspect the reality is neither will pay much attention to it, meaning it's mostly an exercise in bureaucratic paper creation and shuffling.

Government Is Good

That's the title of an interesting website, not a blog, of a professor at Mount Holyoke College.  He has a bunch of articles arguing various points.  

Sunday, October 10, 2010

Another Dairy Farmer Goes Out

In central New York. Their numbers keep dwindling.

Mankiw and Taxes, My Touching Faith in the Professor

Greg Mankiw has a column in the NYTimes on his marginal tax rate, as it stands, and if the Bush tax cuts for the over $250K bracket aren't extended. He makes a fairly convincing case that increasing his marginal tax rate would decrease his incentive for added production.  Apparently, in his case, he'd be less apt to accept additional speaking engagements.

But I've some questions: when he's on the road speaking, what is it he's not doing?
  • Presumably he's not at Harvard mentoring his graduate students or teaching his undergrads.  (Maybe he will have fewer guest lecturers in Econ 101 and more of the real Mankiw?) Maybe he cuts his office hours?
  • Or maybe he's not doing economic research, writing the next great paper which is going to win him a Nobel prize?
  • Or maybe he's not home with his family, investing in their social capital and his happiness? (Granted, none of the activities he's not doing would show up in the GDP, but Professor Mankiw is still a sentient human being and he's probably contributing to the good of the society wherever he is and whatever he's doing.
On a broader scale, assuming we need the money for the government, isn't the issue whether it's better to reduce the incentives for someone such as Professor Mankiw, or for the struggling graduate student or the assistant professor without tenure? To some extent it would seem increasing the rates on higher levels of income is age-biased; it is more likely to hit the older, better established person. I'd assume, just as the most jobs are created by start-up businesses, most ideas are created by the young. That would lead me to support increasing the rates on the high brackets, if that's the only choice I'm given.