How we choose to spend taxpayer money

This is a knee-jerk reaction, but this report suggests we could work miracles for millions of hungry people with a fraction of the amount of money we are spending on trying to resuscitate the banking system. Why are we so unwilling to spend money on those living in abject poverty, while we are willing to commit trillions of dollars to a government bailout and recapitalization of the financial system?

In general Americans don’t like sending their tax money abroad. Also, the public thinks a much higher percentage of the budget is used for foreign aid (15-20 percent) than is actually used (a fraction of one percent); it’s amusing to ask strangers how much of the US budget goes to foreign aid and hear the responses. Much of the money that’s been lent in the bailout is expected to come back to the government, in dividends or loan repayments. Money spent on hunger has dividends (more crops, healthier population, fewer deaths) but these are not benefits that will be paid back to the US taxpayer any time soon.

Furthermore this is not an either/or situation. The money that the government spends on the bailout is not money that would otherwise be spent on food programs (although increased government spending/taxation may reduce charitable giving).

The bailout crisis is "recent" – it’s been in the news lately. While the lack of food in third world countries is also an urgent crisis, it’s been an urgent crisis for years and will continue to be a crisis for at least another decade.

Despite the complaints of the US people, from a utilitarian perspective our money is being grossly misspent. Everyone knows our real wealth will fall and the economy will slow down, painfully. And by pain I mean companies will go bankrupt, Americans will lose jobs, and homes will lose value. Our stomachs should not suffer as much.

Technorati: John Stuart Mill rolling over in his grave

Posture

I’m going to sit up straight in class, stand up straight and stop rolling my head forward. Good posture projects confidence and makes me more alert. It will help with social dancing and staying low in a stance in basketball. It’s also difficult, but once I form the habit I won’t have to worry

What I Will Be Reading Next Week

I will be making my way slowly through this list of the best sports journalism of all time.

On the nightstand: Consider the Lobster: And Other Essays, by David Foster Wallace

On the shelf:

How to Sail Around the World, by Hal Roth. I am trying to figure out whether I like the idea of sailing around the world better than I would like sailing around the world. If I decide I want/can do this I’m going in June.

Maiden Voyage, by Tania Aebi. Tania sailed around the world at 18 in a 35 foot boat with no previous experience. If she can do it I can.

Homage to Catalonia, by George Orwell. I reread Politics and the English Language for class last week and remembered how much I enjoy Orwell’s style.

The 4-Hour work Week, by Timothy Ferriss (again).

Coming soon on Link+:

The Story and Its Writer, by Ann Charters. This book was recommended to me by a former teacher.

How to Cheat at Everything, by Simon Lovell. Currently I’m too accomodating and nice.

I am reading more and more short stories, because they can be finished during a meal or before bedtime. Unfortunately pleasure reading is at the bottom of my priority list. I could use a vacation, a campus-wide Internet shutdown, or more efficient work habits. Hopefully I can make a dent in this list. Or at least decide that I’d rather not read some of these books.