Moderate Debt Ceiling Rant

I’ll let this guy speak for his own self.

Couple other links on the topic…these are largely the symptoms of the above phenomenon.

Here’s some general background reading on the changes happening during the period ranted about.

Remember how Wisconsin was broke and teachers needed to take a pay and rights cut to balance the budget?   Yea…turns out that money was just needed by folks more supportive of the Governor.

Remember how people used to take vacations?   Yea, me neither.  But it turns out they do, in other countries.

Working more makes Americans happier than Europeans, according to a study published recently in the Journal of Happiness Studies. That may be because Americans believe more than Europeans do that hard work is associated with success, wrote Adam Okulicz-Kozaryn, the study’s author and an assistant professor at the University of Texas at Dallas.

“Americans maximize their… [happiness] by working, and Europeans maximize their [happiness] through leisure,” he found.

So despite research documenting the health and productivity benefits of taking time off, a long vacation can be undesirable, scary, unrealistic or just plain impossible for many U.S. workers.

[full story]

BTW, that concept that hard work is what it takes to change your stars and it’s easier to do in the U.S. that anywhere else?     Yea…not so much.  

The results are quite spectacular. Figure 3 shows that while in the Nordic countries and the UK, men born in the lowest income quintile (the income quintile of the father) have a probability of 25-30% to stay in this lowest quintile; in the US, this probability is more than 40%. Figure 4 shows that the probability of US men born in the lowest quintile to move to the top quintile is less than 8%, while in the Nordic countries and the UK, this percentage is around 12%.

[full paper]

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