I still regret getting rid of the amazing (possibly homemade?) thrift store sweater I used to have, which was pale green and featured a giant hot air balloon & seagulls design, a front pocket, and turtleneck collar w/button. NO. NO REGRETS.
And yet seriously mentally ill people are declared fit to stand trial or be executed every single day...
Actually this post succinctly illustrates two of the biggest tragedies in economics reporting in 2013: 1. Reporters who use Excel default colors and designs in their charts. (See Fig. 1) 2. FRED switched to dynamically generated SVG charts earlier this year, which means you can *change how they look*, but not only does no one do this, FRED themselves also stuck with their ugly old defaults. (See Fig. 2) Also, 2b, reporters: if your readers know what the CIVPART and DGS10 axes on your chart mean, they can look up their own damn charts. Relabel those suckers with human words! ETA: Oops, looked more closely and it seems Elfenbein added circular markers, for some reason. People, buy the economics reporter in your life a set of Edward Tufte books for Christmas, please.
@Eric18 Actually I have a theory: every time they close the government for snow or hurricane or whatever, NOTHING HAPPENS. So maybe it's a way of preventing catastrophe!
Washington is having a snow day today, if anyone would like to make some jokes about lazy public sector/nonprofit workers.
I'll never give up on my dream of being a SAHD. D optional.
@EvanDeSimone shit I'm going to get a poorly-spelled memo aren't I?
I'm sure this article is a hoax perpetrated by mediocre bosses to make them seem less horrible. Right?
@WayDownSouth My point is simply that, as an American taxpayer, I am still responsible for repaying debts incurred by politicians I didn't vote for which went to activities and policies I think were misguided or downright wrong. In the same way that I have to repay G.W. Bush's debts, you have to repay Obama's debts. As citizens of a democracy, this is just a fact of life for both of us. In the same way, if you don't like public sector pensions and want everyone to be equally miserable in old age, fine. Vote for politicians who will take a hard line with the unions -- as voters have done in many states around the country. That doesn't mean you get to renege on your existing debts and legal obligations, though. Sorry!
@Eric18 sorry, I don't have time to argue endlessly about bond debt and pensions (only semi-endlessly!). I see from those charts that Chicago had an outstanding bond debt, with interest, of $13.87 billion in 2012. Paying for spending with general obligation bonds is TERRIBLE mismanagement, agreed, but $13.87 billion in long term, low-interest debt for a city with a GDP of $571 billion per year is not exactly apocalyptic. That's a 2.4% debt/GDP ratio, if you're counting. I'm sure Chicago's 21 billionaires and 107,000 millionaires, not to mention the millions who are comfortably middle class, will have little problem paying it off over the next 30 years, especially if the city continues providing the infrastructure and education it needs for its economy to keep growing.