Everyone is entitled to his own opinion, but not his own facts. Founded by Mark Kleiman (1951-2019)
Debt ceiling again/still
It sure is exciting watching the political drama unfold in DC.Â It would be a lot more enjoyable if it weren’t such a pathetic display of ignorance and incompetence, and more entertaining if it weren’t being played for real money, jobs, and moral standing.Â When I was a kid, I could always get to sleep in bad times, or endure scary situations, by reflecting that the grownups were in charge and wouldn’t let things get really dangerous.Â Right.
Most of the discussion I’ve read and heard has the world economy turning on whether in the end, the Treasury defaults on some obligations because the debt ceiling hasn’t been raised.Â Â I think that’s too simple:Â as I write this, the US markets have decided they were right yesterday and continued sinking (though the 10y t-bill is sitting still at around 3%). However this comes out on the specific question of the debt limit, it’s been demonstrated for all to see – all – that those in charge are not grownups, and that the national institutions of governance (including the press, paper and other) in the US are broken beyond anything I can think of since 1860.Â The investment/business community may be waking up to the real nature of the beast they unleashed that was just supposed to make them a little richer and then behave itself bringing coffee and votes when asked, and the dragon’s teeth it strewed through the Congress last fall.
It’s not impossible that this gets worse before it gets better; Boehner and his orcs may get their wish to unseat Obama, and they may get it with a certifiable piece of fruitcake in the White House, employment plumbing new lows, and really scary types thinking maybe Angle was right about second amendment remedies and its their time to apply some.Â I do not now see how the Republicans put their lunatics back in cages after this little drama’s curtain comes down, no matter what it’s last scene is.
Author: Michael O'Hare
Professor of Public Policy at the Goldman School of Public Policy, University of California, Berkeley, Michael O'Hare was raised in New York City and trained at Harvard as an architect and structural engineer. Diverted from an honest career designing buildings by the offer of a job in which he could think about anything he wanted to and spend his time with very smart and curious young people, he fell among economists and such like, and continues to benefit from their generosity with on-the-job social science training.
He has followed the process and principles of design into "nonphysical environments" such as production processes in organizations, regulation, and information management and published a variety of research in environmental policy, government policy towards the arts, and management, with special interests in energy, facility siting, information and perceptions in public choice and work environments, and policy design. His current research is focused on transportation biofuels and their effects on global land use, food security, and international trade; regulatory policy in the face of scientific uncertainty; and, after a three-decade hiatus, on NIMBY conflicts afflicting high speed rail right-of-way and nuclear waste disposal sites. He is also a regular writer on pedagogy, especially teaching in professional education, and co-edited the "Curriculum and Case Notes" section of the Journal of Policy Analysis and Management.
Between faculty appointments at the MIT Department of Urban Studies and Planning and the John F. Kennedy School of Government at Harvard, he was director of policy analysis at the Massachusetts Executive Office of Environmental Affairs. He has had visiting appointments at UniversitÃ Bocconi in Milan and the National University of Singapore and teaches regularly in the Goldman School's executive (mid-career) programs.
At GSPP, O'Hare has taught a studio course in Program and Policy Design, Arts and Cultural Policy, Public Management, the pedagogy course for graduate student instructors, Quantitative Methods, Environmental Policy, and the introduction to public policy for its undergraduate minor, which he supervises. Generally, he considers himself the school's resident expert in any subject in which there is no such thing as real expertise (a recent project concerned the governance and design of California county fairs), but is secure in the distinction of being the only faculty member with a metal lathe in his basement and a 4Ã—5 Ebony view camera. At the moment, he would rather be making something with his hands than writing this blurb.
View all posts by Michael O'Hare
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