Screaming For Blood While Rome Burns

FARK's slogan is "It's not news, it's FARK" but as with other fake news outifts like the Daily Show, there are occasional turds wisdom excreted from its bowels. One recent shouting match turned up some interesting mind pellets. It was attached to a link to Matt Taibbi's rant telling off an AIG executive who wrote an open letter bemoaning his company's reaction to AIG's recent bonus scandal. The ensuing thread went as you might expect with people dividing neatly along idealogical lines with right wingers defending the AIG executive and left wingers defending Taibbi. But a half way down the thread, there were links to two interesting Slate articles examing AIG from another angle. By taking a look at one of AIG's deals with Goldman Sachs, the articles point out that while we are all screaming for people's heads over $160 million dollars worth of bonuses while AIG funnels billions of taxpayer funded bailout dollars to its trading partners which themselves have also received billions of taxpayer funded bailout dollars. 

In other words, we have one scandal which is essentially distracting us from something much bigger and much worse. Taibbi sees this as one big conspiracy designed to shift power and money to Wall Street. But it doesn't need to be a conspiracy in order to be an outrage. And that seems to be part of the problem. We are all so busy getting outraged over the latest Wall Street scandal that we are ignoring the real problems which have lead us into the economic hole in which we are stuck.

On John McCain And Earmarks

In his recent debate with Barack Obama, John McCain took him to task for his earmarks. He specifically singled out "$3 million for an overhead projector at a planetarium in Chicago, Illinois." This isn't the first time McCain has mentioned the earmark and a number of science bloggers have complained about McCain's complaints.

There's an insteresting twist to the earmark story. The Adler Planetarium recently released a statement (PDF link) on the debate and it turns out that they never actually received an earmark:

To clarify, the Adler Planetarium requested federal support – which was not funded – to replace the projector in its historic Sky Theater, the first planetarium theater in the Western Hemisphere. The Adler’s Zeiss Mark VI projector – not an overhead projector – is the instrument that re-creates the night sky in a dome theater, the quintessential planetarium experience. The Adler’s projector is nearly 40 years old and is no longer supported with parts or service by the manufacturer. It is only the second planetarium projector in the Adler’s 78 years of operation.

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However, the Adler has never received an earmark as a result of Senator Obama's efforts. This is clearly evidenced by recent transparency laws implemented by the Congress, which have resulted in the names of all requesting Members being listed next to every earmark in the reports that accompany appropriations bills.

It's interesting to see how the presidential campaign has unfolded over the years (that's right, people have been running for president for two freakin' years). John McCain seems determined to find specific examples of government waste that to attack. Besides the planetarium, McCain has also complained about an earmark for studying bear DNA. But we are talking about relatively small amounts of money compared to the overall federal budget. $3,000,000 may seem like a lot to you and me—and to John McCain but it's nothing compared to the almost $3,000,000,000,000 total federal budget. All of the total earmarks in the federal budget amount to exactly $16,501,833,000—a large number to be sure, but only a fraction of our country's entire federal budget. 

I think that earmarks are a lot like the Mad Magazine cartoon which I've inserted in this post. Most people have trouble visualizing really huge numbers. I certainly do. Earmarks are smaller but nevertheless large chunks of cash which often turn out to be wasteful. They are also highly visible because they are often spent on a things like museums, roads, and bridges. Because of this, earmarks are easy to visualize and can be easily turned into symbols of government waste. But ultimately, they are little more than symbols because most of the federal budget is spent elsewhere.