Daily Archives: 10/02/2010

Happy New Fiscal Year!

The textbook chapter that I was reviewing this morning opens with the following:

Every year, the President delivers a budget proposal like this one, the proposed budget for 2010, for approval by congress. The President’s budget details proposed government spending for the coming fiscal year, which begins on October 1. The Congressional budget committees will then begin drafting budget resolutions to pass along to the House and Senate.

Weird coincidence, right? As such, I would like to take this opportunity to wish you a Happy New Fiscal Year. I wanted to have a visual representation of this event, so I tried to go out and buy Happy New Years party hats and noisemakers. However, the invisible hand of the market apparently doesn’t support easy access to New Years items at the beginning of October, so I’ll just have to go with this instead:

(Don’t judge- it was an 80’s-themed party. Also, I appreciate that my friends are good sports.) Even better than this? My birthday is on New Fiscal Year’s Eve…so yes, I did celebrate the arrival of the new year in style thankyouverymuch.

via Happy New Fiscal Year!.

Where do our taxes go?

I think a lot of cognitive-perceptual effects are involved in what gets a separate line item, and what doesn’t. For example, I see the FBI but not the CIA, the NSA, or weapons procurement. There’s a line for “salary and benefits for members of Congress” but nothing for the courts system or the White House. And so on. So, while I agree with McArdle that “more information is generally better,” I’m not quite sure how to get there. I’d be very very suspicious of the choice of items that happens to end up included on the hypothetical itemized tax bill.

Statistical Modeling, Causal Inference, and Social Science

via Where do our taxes go?.