Category Archives: Money

All right. OK. Here’s a post about the stupid debt “debate”

Kept hoping — against hope, of course — this debt thing would get resolved before I had to say something about it. I’ve had observations to make about it along the way, but just haven’t wanted to get into it. I hate the subject; it bores me to tears. But it also makes me angry. Part of the anger is over the substance, of course. But part of it is that they’re making me think about this stuff. This is why we have representative democracy, you see. We elect people to go off and handle this stuff and make sure they don’t drive the country onto the rocks — and NOT bother us with the excruciating details.

They’re not getting the job done. Part of the reason, of course, is that there are a bunch of people in the House — the Tea Party guys — who don’t get what the responsibility of public office is all about. They think their bumper stickers slogans, the things that got them elected, are reality, and don’t understand that the world is more complicated than the concepts that got them elected. Unfortunately, they also have a certain cognitive block from ever learning they are wrong. Most people go into elective office with all sorts of misconceptions and foolish ideas. Most, whether they are “liberal” or “conservative,” realize with experience that there are broader responsibilities to the country (and in this case, to the entire world, since the already-weakened worldwide economy is poised to go over the brink with us). It’s not just about how they and their constituents feel about things, and unfortunately they have very powerful resistance to learning, ever, how wrong they are.

Part of the problem is that a significant part of their ideology involves rejection of the idea that experience is valuable. This is a common populist fallacy, of course, but it’s particularly malignant in this case, in terms of its effect on the world. People who go to Washington — or Columbia, or wherever — and study issues and come to understandings different from the prejudices they had originally… are considered sellouts, under this ideology. Such people who embrace larger responsibilities are not wiser in this view; they are corrupted.

Another obstacle is that this ideology is particularly nihilistic toward what happens to the world at large, as long as the ideology is served.

This makes it very dangerous for people with such a worldview to hold office. Oh, it’s not so bad to have one or two of these anti-Mr. Smiths at the table (Mr. Smith went to Washington to make the world a better place; these guys go to Washington to tell the world to go to hell). Unfortunately, the party that now holds a momentary (and at my age, I consider two-year cycles to be “momentary”) majority in the House knows that it holds that tenuous power because of the knot of such people in its midst. And is held hostage by it.

Speaking of “hostage,” did you see that performance by Boehner last night? He was like the prisoner forced to recite the propaganda with an AK-47 pointed at his head just off-camera. The only think lacking in his performance was the blinked Morse code (or maybe it was there; I don’t read Morse) saying “I don’t really believe this stuff; I just have to say it.” But his tone and body language did that. The performance brought to mind all those meetings I read about in which Boehner was the Soviet commanding officer caught in the middle, trying to do the right thing, and Eric Cantor was the sneering zampolit, ready to report him to the Central Committee for the slightest lack of revolutionary zeal.

Obama, by contrast, was more convincing last night. Part of that was pure talent. I’m not accustomed to watching Boehner, but I doubt that he’s nearly the orator Obama is. Almost no one is, particularly at communicating sober conviction.

I heard some commentary on the radio (NPR) this morning that said neither man gave America what it wanted last night — a way out — but simply acted as apologist for his own side’s position.

I suppose that’s true. But Obama’s position is the defensible one. He wants cuts and revenue increases, which is what a rational person who is not blinded by ideology would choose. Neither is what said rational person would want. Until the economy is ticking along a lot more strongly, both spending cuts and tax increases could have a chilling effect.

But here’s the thing: NOT getting control of our mounting debt, under these circumstances, would have a much worse effect. It’s not just about raising the debt ceiling. If you do that, and don’t reduce the gap between spending and revenue, we’re still likely to have a devastating downgrade of the nation’s credit rating. And we can’t afford that.

To let one’s natural reluctance to cut spending or raise taxes get in the way of dealing with that would be unconscionable. And letting a narrow ideology (particularly one that holds that it is ALWAYS right to do one and NEVER right to do the other, regardless of circumstances, which is the height of foolishness — but I guess that’s a workable definition of ideology) get in the way is much, much worse.

Mayor Steve weighs in on debt debate

All day, I’ve meant to write a post about the debt battle in Washington, and haven’t found the time, and now Steve Benjamin has gotten out ahead of me. This just in:

Dear Friends,

The U.S. Capital BuildingToday I’d like to take a moment and talk with you about an issue of critical importance.

Right now, whether broadcast on our nightly news, echoing through the halls of Congress, or debated and discussed over kitchen counters and coffee tables across America, our entire country is immersed in a great conversation about budget deficits, debt limits, and our national priorities.

As Mayor, I am no stranger to this conversation. In fact, it was not that long ago that Columbia’s future was so unsure that Moody’s Investor Service assigned the city’s credit rating with a negative outlook questioning our ability to right the ship and stabilize operations.

But we took action and, by working together, we made the tough choices. We streamlined our operations. We saved taxpayers over $1 million by removing unnecessary budget vacancies. We increased oversight, installed new financial safeguards and we rewarded employees for being more efficient.

It wasn’t easy. But through hard work and sacrifice we improved our credit rating in record time and finished this fiscal year with a $3 million budget surplus.

We made the tough choices just as local governments across America have, by putting the public good ahead of political ambition. Now, with the August 2nd default deadline only weeks away, we expect our federal government to do the same.

We need to put our nation’s fiscal house in order so that we can move forward with investments in our infrastructure and communities that lay a foundation for future economic growth and prosperity.

The United States must pay its bills. Failure is not an option.

The consequence of default or delay would mean military salaries, Social Security and Medicare benefits would go unpaid while cost of our national debt would grow as would the cost of carrying that debt.

Everything from your home mortgage to your car loan and credit cards would cost more while your 401(k) and college savings account would be worth less.

Our fragile economic recovery would come to a halt and we would come face to face with the very real prospect of another recession, longer and deeper than the one before.

We cannot afford to simply kick the can down the road. We must believe in what is possible and overcome the challenges before us.

But in the midst of this challenge, I see reasons to be hopeful.

I see President Obama and Vice-President Biden working across the aisle with men like Speaker John Boehner and Senate Minority Leader Mitch McConnell to find a bipartisan solution.

I see a movement to close special interest tax loopholes so we all pay our fair share and shoulder this burden together.

I see a commitment to entitlement reform and a framework to make Medicare and Medicaid stronger and more efficient without shifting the cost of care to seniors and those with disabilities.

I see real progress being made and, beyond the shouts of hecklers and cynics, I still believe.

I still believe we can still do big things. I still believe we can make a real difference. I still believe we can overcome the challenges before us because I still believe in America.

The time to act is now. Call your Congressman and Senator today. Tell them it’s time to protect Social Security, Medicare and Medicaid. Tell them it’s time to protect our future. Tell them it’s time to stand up against the special interests and for the American people.

Tell them to act now and raise the debt ceiling before time runs out.

Sincerely,
Steve Benjamin

It’s so hard for families to make a dollar, and so easy for the private sector to take it away

Last night, my wife showed me a letter from The Wall Street Journal telling me that my subscription price is going to more than double. Guess that hacking scandal really has put ol’ Rupert in a bind, huh?

Then, just moments ago, I received this from Netflix:

Dear Brad,

We are separating unlimited DVDs by mail and unlimited streaming into two separate plans to better reflect the costs of each. Now our members have a choice: a streaming only plan, a DVD only plan, or both.

Your current $14.99 a month membership for unlimited streaming and unlimited DVDs will be split into 2 distinct plans:

Plan 1: Unlimited Streaming (no DVDs) for $7.99 a month
Plan 2: Unlimited DVDs, 2 out at-a-time (no streaming) for $11.99 a month

Your price for getting both of these plans will be $19.98 a month ($7.99 + $11.99). You don’t need to do anything to continue your memberships for both unlimited streaming and unlimited DVDs.

These prices will start for charges on or after September 1, 2011.

You can easily change or cancel your unlimited streaming plan, unlimited DVD plan, or both, by going to the Plan Change page in Your Account.

We realize you have many choices for home entertainment, and we thank you for your business. As always, if you have questions, please feel free to call us at 1-888-357-1516.

–The Netflix Team

Hey, I just switched from the three-movies-out-at-a-time plan to the two-movies one because I didn’t LIKE spending something like 19 bucks a month on it…

Good thing I know that the private sector is driven by such wonderful motives as customer service and efficiency. Otherwise, I’d be a little bit ticked right now.

Cindi Scoppe explains the state budget

A couple of weeks ago, in response to some outrageous statement about the state budget put out by someone over at the Policy Council via Twitter — I forget now who it was, or what it was he or she said, but I think it was something like “this is the biggest budget ever” — I got worked up enough to go out and get some numbers showing what total nonsense that was. Because I knew we hadn’t caught up to pre-crash spending levels.

And I got the numbers, covering the last few years. And there were supporting documents, which are hard to link on WordPress (I usually go back and use TypePad on my old blog to link a file, then copy the code over here, which is tedious), and then there was the post itself to write talking about the numbers, and somewhere in the middle of it I fell asleep or something.

Oh, wait, I know — I sent Ashley Landess a Tweet asking her something about the numbers they had used, and while she answered my initial question, she didn’t (unless I missed it) answer a follow-up, and I used waiting for that response as an excuse to just let the whole thing drift, because I had satisfied my own curiosity and justified my own outrage (this is not, of course, the biggest budget ever), and it’s hard for me to maintain interest in numbers for very long. (By the way, I’m not blaming Ashley for not answering me a second time. In fact, maybe she did and it got lost in the ether. Nobody can watch that stuff all day, or read all of it, even when alerted to it.)

Then, a few days ago, Doug got on this kick of throwing HIS favorite numbers at us (similar to the Policy Council numbers, including federal spending and probably lottery money and the kitchen sink and all kinds of stuff that the Legislature has no control over, even though what we were talking about was the budget the Legislature was voting on), and did his usual thing of “Where are YOUR numbers?” and thumping his chest and all, and I thought about going back and digging up the real numbers and answering him, but I was then filled with ennui, because I knew it wouldn’t make any difference, and I just wasn’t interested enough.

Because I know how bogus the whole conversation is. I experience state government. I follow what’s happening. I see the cuts, year after year. After all, we have 8,000 fewer state employees than in 1994, as Cindi Scoppe notes today (see, I just threw number at you, but I didn’t have to spend time digging them up, which is what matters to me)…

In fact, that is my purpose in posting on this subject. Cindi never gets bored looking at the budget, and she understands it better than most people, certainly better than most of the people who get to vote on it. Consider her an enabler of my fecklessness on the subject. I had her to worry about the budget for me for most of 22 years.

And she’s still doing it. In her column headlined “The fable of the spendthrift Legislature,” she summed it up pretty well. (It would have been a wonder if she hadn’t. The freaking thing was 30 inches long. But as I told her, “It read like 18.” Old editor joke.)

It’s worth a read. It puts things into perspective. It explains why it’s so bogus for Nikki Haley to perpetuate the myth (as did Mark Sanford) that the lawmakers are a bunch of spendthrifts out there “growing government” at a rate that exceeds the kind of bogus arbitrary caps that those two governors AND House leaders are always on about.

By the way, while the Senate won’t go along with arbitrary caps (thank goodness; they still believe in representative democracy instead of government by formula), in recent years we’ve stayed well within that population-plus-inflation formulation. The average annual increase in the general fund has been 2.4 percent since 1994 (the year the Republicans took over), including the non-recurring portion. The recurring part has grown by 1.8 percent a year.

And lawmakers are still appropriating less than they did five years ago. So these are not the biggest budgets ever.

Man, this is boring…

Whew! I feel SO much better…

No doubt you, too, will sleep more soundly once you read this:

Haley dismisses risk of debt
ceiling disaster

… Haley was asked Sunday on ABC’s “This Week” whether the debt ceiling should be raised.

“Absolutely not,” she said. “We are seeing total chaos in D.C. right now. The very first thing they need to do is make sure that they stop raising the debt.”

However, the federal government finances itself partly by selling debt to investors and other countries through Treasury bills that must be paid back, Obama said in a town hall style meeting shown on CBS’ “Face the Nation.”

“If they thought that we might renege on our IOUs, it could unravel the entire financial system,” he said, and the result would be a recession worse than the last one.

“So we can’t even get close to not raising the debt ceiling,” Obama said.

Asked about the possibility of damaging America’s credibility, Haley said, “Government is notorious for saying the sky is falling.”…

And remember, our gov knows about money stuff like this. She is a way skillful accountant. Just ask her; she’ll tell you.

Also, she never makes mistakes. Ever. We are in such good hands…

And if you read further in that same story, you encounter this:

“I find it silly,” Haley said about talk of her joining a Republican presidential ticket in 2012.

Right again, governor! Nothing sillier… Told you she was awesome.

Of course, there is a downside to this good news:

Haley said she is committed to serving out her term as governor.

“The people of South Carolina took a chance on electing me,” she said. “It is my job and my family’s job to prove to them that they made a good decision.”

He jests at scars that never felt a wound…

Some accused me since yesterday of lacking empathy toward the feelings of those whose own sensitivity is based in experiences I cannot share (something that, if you’ll recall, I fully acknowledged in the original post).

I can definitely dig it.

Today, @haireofthedog, in reference to new GOP chair Chad Connelly, made a joke (at least, I THINK it was a joke):

hmm… thinking about a title for a column: Amway Messiah.

And @PhilBaileySC seemed to think it was funny.

Not cool, said I!

Don’t joke. Once, years ago, I was trapped with an Amway salesman in my own home. Or was it Shaklee? Traumatic.

It was truly awful. This guy was a friend of mine — a coworker. He had asked to visit my home, without telling me why, and I had agreed. My wife, perhaps sensing danger, left us alone in the living room. For at least an hour, he spoke of the fact that he had come up with this great new way to make extra money, and my eyes are glazing over, thinking how on Earth it had anything to do with me, because I was totally uninterested, and wondering how much longer it would last, and murmuring vague things along the lines of “How nice for you,” when he FINALLY mentions the outfit he’s working with. Which, of course, if he had mentioned on the front end, I would have politely told him I wasn’t interested before he bothered coming to the house.

Then, he extolled the virtues of this once-in-a-lifetime opportunity for maybe another hour, while I sat there in a state of helpless, polite shock. I couldn’t believe it was happening. Time I would never, ever get back.

It’s been close to 30 years. But PTSD is long-lasting, they say. It made me permanently shy about EVER hearing about wonderful business opportunities of any kind (which made it easier for me to brush off all those people calling me with “franchising opportunities” after I got laid off). So don’t joke about it.

The Harpootlian offensive begins

I told you over the weekend that Dick Harpootlian said he was going to run right out and start raising money.

It seems he’s already spending it. The above video was just released. Not sure why NOW exactly, except that Dick couldn’t wait. Maybe it’s timed for the GOP debate tonight, or the convention this weekend. Regarding that debate, Harpootlian said,

The only candidates Republicans can get to show up for their debate tonight are a bunch of no-names and crazies.

Not so sure about THAT. But it’s definitely a B-team lineup. Maybe C-team. But hey, there will be a big crowd. After all, Ron Paul will be there, and you know how his fans are…

And no, I’m not going. I intend to go to the convention this weekend, though.

Come to Five Points tonight and help protect cops

Don’t know about you, but tonight I’ll be at the fountain at Five Points (Greene and Saluda) to support the effort to get better armor for Columbia police officers.

WIS had something about doing this for Midlands officers in general last week:

COLUMBIA, SC (WIS) – In the wake of the shooting of a Columbia police officer, WIS and local law enforcement officers are teaming up to raise money to help pay for more bulletproof vests for Midlands police officers.

Columbia Police Chief Randy Scott says a ballistics vest saved the life of one of his officers when he was shot by a suspect during a traffic stop early Wednesday morning in the Shandon neighborhood.

Scott said officer Alexander Broder lived because he was following procedure and wearing his department-issued vest. “We’re just very fortunate the round hit him in the bulletproof vest,” said Scott. “That is what saved his life.” Broder had only been on the job for five days.

Scott says each vests costs over $600. “We can’t put a price on that type of safety for our officers,” said Scott. “Every officer that walks in the door is issued a ballistic vest.”

Starting at 5:00 p.m., you will have the chance to donate money to help equip more Midlands officers with bulletproof vests.

Phone lines will be staffed from 5:00pm – 7:30pm. You can call 803-758-1020 or donate online by clicking here.

… and that’s great. But some Five Points merchants wanted to do more specifically for CPD officers.

The event is from 6 to 9 tonight. I had wanted to get more details about how come the city hasn’t bought up-to-date armor for its officers instead of funding arts centers or something, but didn’t have time, and wanted to go ahead and get this up. Because whatever the politics, Columbia’s Finest deserve to have decent protection when they’re going up against people with Kalashnikovs.

As Debbie McDaniel said in telling me about the event, “The vests they have now are older, used and reaching their expiration date. After what happened last week, I think we need to make surer they all have the latest protection.” Absolutely.

See you there.

How much would be enough? (A billion, or would $10 million do you?)

This Tweet earlier today got me to thinking:

WIS News 10

@wis10WIS News 10

Sunday dinner interrupted by $100,000 lottery win http://bit.ly/dYkFUg

This fits firmly into the category of what I think of as lame non-news. I mean, who cares, really? I remember thinking it was pretty cool back in the 60s that time that my grandmother won $300 and they put her picture in the Marlboro Herald Advocate, but the main appeal of the item resulted from the facts that 1) It was my grandmother; 2) The prize was in the form of cash, and they had formed the bills into a sort of lei and hung them around her neck, and 3) I was a kid, and that seemed like a lot of money. Back then, you could get a comic book and a soda and some candy for a quarter, and maybe even have change.

And yes, I think it would be cool if I or someone in my family won a hundred Gs, free and clear. I’d like it. But as news for other people? I don’t see it. Because I put myself in the position of the person winning the 100k, and think, what would I do with it? I could do ONE, but not more, of the following:

Pay off our mortgage. It’s down to below that amount, and that would be helpful. I couldn’t really change my lifestyle or anything, and I’d have to keep working at least as hard as I do now, but it would be nice to have that off my plate.

Take a year off from working. Fine, but I just sort of did that, and it wasn’t fun. And you know that when the year was over, you’d have to go back to work. And you’d find that after a year of not working, you’d have trouble getting back into the kind of work you want to do at your previous rate of pay. Believe me, I’ve been there. Not worth it. And yes, you could live for more than a year on 100k, but I would not be tempted to quit working, for any period of time, for less. Anything less, and I’d just add it to the rest of the income I manage to pull in, and keep plugging.

Go to England or somewhere again, and buy a bunch of toys such as accessories for my new iPhone. Which, let’s face it, Mamanem’s not going to let me do if someone interrupts Sunday dinner to give us $100k.

All pretty cool stuff, but not dramatically life-changing. It wouldn’t have enough effect on ME and MY life for other people to find it interesting. So… I’m not interested in the effect on someone else’s life. Certainly not Tweet-me-the-headline interest.

Which raises the question: How much WOULD be enough? How much money would I have to get to think it newsworthy? For that matter, forget newsworthy. I’d just as soon other people didn’t know I had all that money. How much is my fantasy amount that would make me achieve my lifelong goal of never, ever thinking about money again? (Because I really, truly hate thinking about it, on any level.)

I used to have a figure in mind. As I wrote in a column several years ago, “Buddy, can you spare half a billion? And be quick about it?” As I wrote, I had this fantasy in mind in which I saved Bill Gates’ life somehow or other, and he offered to halve his kingdom, and I told him nah, that half a billion would do. Or a round billion, if he didn’t have change.

But that was back in 2006, when my newspaper was up for sale, and I had a particular use for the money in mind. I wanted to buy the paper from the ruins of Knight Ridder. I had a detailed plan for what I wanted to do with it. I had this idea that buying the paper, since it was one of the few really profitable papers KR had, could cost me as much as $400 million. That was probably WAY too much to pay even then, but the paper had been bought by KR in the mid-80s for $300 million, and I didn’t want to be chintzy.

I would have used the rest for capital improvements, and perhaps to allow me to run the company at a loss for a few years while I searched for the right business model. And that’s the thing. The demand for news, particularly political news, is as great as ever (and we’re talking the written word, here). The problem is that the business model has collapsed. I figure a few hundred million extra would allow for almost unlimited experimentation with financial models. And we — and the readers — could have a lot of fun in the meantime. (By the way, some people were displeased by that column at the time. Sort of surprising it took them three more years to can me, huh?)

Now… I don’t know. If I had unlimited funds — or what would do for unlimited funds — would I buy The State? Things have changed. It’s no longer about trying to save “my newspaper.” I’m not sure whether the value of the brand would be worth what I’d have to pay for it. I wonder whether I should just start something from scratch (that might be the best way to start a new business model, assuming I could figure out what sort to go with). I’m pretty sure I could get it for a LOT less than I was guessing in 06. Back then, I bought McClatchy at $39. Today, it’s $3.33. (Yeah, I know. I’m a financial genius.) How that affects individual newspapers’ value I don’t know. Even assuming they were willing to sell.

And there’s always the possibility of traveling the globe and hanging with my grandchildren. I could grow tomatoes, and chase the kids around in the garden… but no, I’ve still got stuff I want to say. And South Carolina NEEDS some good journalism, just as it always did. Dick Harpootlian was mentioning that today. He was mentioning it in a partisan context, but he was on point.

A certain amount of money could pay for some good journalism. AND achieve my lifelong goal of never having to think about money again.

So how much would that be? I tend to look at it in powers of 10:

  • $100k — I’ve already explained why that won’t do.
  • $1 million — Much better, but one could neither buy a newspaper of any size nor launch a new operation nor permanently retire on that, even if one were as cheap as Mark Sanford. An awkward amount (not that I’d turn it down, mind you; I’d find something to do with it).
  • $10 million — Now we’re talking. THIS a guy could retire on, and not feel the need to work to make more. And you might be able to launch an experimental publication of some sort. But you’d have to bet it all, and if the first business model you tried failed, that would be it, and you’d be broke. Or so I’m thinking.
  • $100 million — This would most likely provide it all — buy a business, revamp it, try a lot of stuff, and never worry about money again. Grow a lot of tomatoes when you felt like it. But you’d have to be careful you don’t blow it all, still. You want to leave something to the kids. I mean, as long as we’re fantasizing here, why don’t we go a bit further…
  • $1 billion — Done deal. Do it all, make a lot of mistakes along the way, and still be able to install a diving board in your cash vault, like Scrooge McDuck. So for me, this is the ultimate fantasy amount. TWO billion would also be nice — maybe I could get one of those miniature giraffes — but let’s not get greedy.

So, it looks like I’ll be working for a while.

There you have it. A twist on the “Office Space” question of “What would you do if you had a million dollars?”

What’s your answer? How much would it take for you to feel like you had it all?

I’m glad I don’t work for Lindsey Graham

This came in from Lindsey Graham this afternoon:

Graham To Refuse Pay, Close Offices, Furlough Staff During Government Shutdown

WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina) today made this announcement on how his Senate office will function, should the Congress and President fail to come to agreement on the federal budget by midnight.  Each Member of Congress is responsible for establishing their procedures for operation during a government shutdown.

  • Senator Graham will refund his salary to the Federal Treasury for the time the government remains shutdown.
  • Senator Graham’s offices in Columbia, Florence, Greenville, Mount Pleasant, Pendleton, Rock Hill, and Washington will be closed during the shutdown.
  • Senator Graham’s staff — both in Washington and South Carolina — will be furloughed and placed on unpaid leave.

“I will refund my salary to the Bureau of the Public Debt within the U.S. Department of Treasury,” said Graham.  “Our brave men and women serving in uniform will not get paid during the shutdown. I believe Members of Congress should think twice about putting their way of life before those who fight to protect it.

“I’m disappointed Democrats in Congress and President Obama have not agreed to our very reasonable requests for spending reductions,” said Graham.  “What we’re seeking is belt-tightening at the federal level, a practice millions of Americans have already gone through.  It’s long past time we get our nation’s fiscal house in order.  The essence of our proposal is to take spending back to 2008 levels plus inflation.  Our proposal is by no means extreme.

“I’m very proud of my staffers who deliver high-quality constituent services to the people of South Carolina,” said Graham.  “It’s a tradition I’ve tried to carry over from Senator Thurmond.  However, I cannot justify having the offices open during a government shutdown when the staff will be unable to meaningfully help people.

“Therefore, my staffers will be furloughed without pay,” said Graham.  “I truly believe with the government shut down, we can’t deliver services to the people of South Carolina in a way to justify the expense.  In light of those facts, closing the office and furloughing the staff is the fiscally-responsible step to take.”

#####

Of course, I went without pay for about nine months not so long ago. I suppose I could tell these folks to buck up, that it’s a character-building experience. But I know better. I know that it’s just a lousy situation. And it’s caused by polticos in Washington acting like children over the budget. (And no, senator; it’s not just the Democrats failing to be “reasonable.”)

I heard some highamuckymuck on the radio today pontificating on the subject, saying that the disagreement came down to one thing: spending.

And I’m like duh, yeah, I guess so — seeing as how it’s the budget we’re talking about here. Congrats on figuring that out, Einstein.

Darla Moore makes her voice heard, at the 5 million decibel level

When she spoke to students and others at the Russell House today (and yes, the turnout for this was SRO huge, unlike at the rally yesterday), Darla Moore acted with the class you would expect. No whining or moaning or pointless lashing out.

But boy, did she make her voice heard. You can watch the whole speech here. After thanking those present, particularly the students (and she made it clear on multiple occasions that her message was for the students rather than the media and university honchos on hand) for their “encouragement, your kind sentiments and your support,” she went on to “reaffirm my love for the USC, my support for the USC and for the state of SC,” and to speak of the “shared obligation to move this institution forward not only for ourselves but for generations to come.”

Saying she was not there to talk about “the wonder of me,” and adding, “This is also not about money,” she went on:

By your reaction, you have ignited what I believe is the collective consciousness of this state to an issue that is far more fundamental to the state’s future than any other challenge that we face. And this is about having the courage, and the singular focus to understand the critical importance of a strong, progressive and properly resourced higher education system — and I mean from technical colleges to research universities — and the role it plays in securing a bright and productive future for all of us….

We can compete at the highest level.

Just because I no longer serve on the board does not mean for one second that I will be deterred in my efforts to expand our reach for excellence.

And I’m sure y’all have noticed that I don’t need a title or a position to speak out; I just need a voice, my vision and a forum to be heard.

Just like you did this week…

Then, in her one directly defiant statement toward the governor — and by implication, toward her replacement, whom the governor said she picked because he shared her “vision,” she said:

I’ll not allow our university to become a discounted graduation mill. I want you to be proud of your degree; I want you to be first in line for the best jobs available. And I want you to stay in South Carolina, to be a part of our effort to make our state great.

Excellence is our standard, and it must be maintained even if there are those who would offer policies that would dumb us down….

Finally, she said:

This is very personal: There’s been speculation that I would take my checkbook and go home. I want you to know that my commitment to USC is as strong as ever.

She then demonstrated that by hauling off and giving another $5 million:

Ousted trustee Darla Moore told USC students today that she does not plan to take her check book and go away. Instead, Moore – removed from USC’s board by Gov. Nikki Haley – said she would give the school $5 million to start an aviation research center named after Ronald McNair, killed in the explosion of the space shuttle Challenger.

Like Moore, McNair was a native of Lake City.

USC had sought the money from the state to, it said, capitalize on Boeing’s plans to build 787 Dreamliner aircraft in Charleston.

However, House budget writers, faced with a $700 million shortfall in state money, killed the request, which Haley opposed as premature.

Moore is USC’s largest single benefactor ever. Her removal by Haley, who named a campaign donor to the USC board, has angered many USC students and graduates.

Key to photos below:

  1. There were plenty of honchos on the front row, but Ms. Moore repeatedly said she was there to speak to, and take questions from, the students.
  2. The view from the back of the ballroom.
  3. The view from the front (hey, you’re not paying extra for captioning here).
  4. Taking questions from students.
  5. President Harris Pastides was slightly mobbed by media afterward. He was very diplomatic, as I would expect him to be. He said he appreciated that the governor called to explain her decision — which was the first time I’d heard that she had (and marks the first thing I’ve heard of her doing properly — the first thing I’ve seen of her showing respect to anyone involved — in this whole affair).
  6. Yep, that’s Will Folks, all dressed up. I don’t recall having seen him this way. By the way, he said that while he sides with the governor on this issue, he was favorably impressed by the way Ms. Moore handled it.

Yep, we’ll be staying right here, folks. But you knew that, right?

I’ve lost count of the number of alarming notices I’ve gotten from Go Daddy over the last few months, telling me over and over that Your Domain Name is About to Expire!

Email, snail mail… about all they haven’t done was send somebody around to knock on my door.

Finally, last week, being told yet again that bradwarthen.com would expire on March 13, I double-checked with Gene to see if I actually needed to do anything. After all, in my account at Go Daddy, it said in black and white that I was set to auto-renew.

So I sat tight. Today, I got this via email:

We just want to let you know we’ve automatically renewed the following items according to our agreement…

Which means they’ve taken the $11.62 cents out of my bank account for another year. “According to our agreement,” the one we’ve had all along…

I really don’t see the need for all the unnecessary anxiety each year. Yeah, they want my money earlier if they can get it (I guess). But is it really worth all that trouble?

Just to say something you don’t hear all that often

The quixotic demonstration at the State House yesterday by citizens sick of seeing our state’s infrastructure rapidly eroding under the stewardship of shortsighted politicians was of course an exercise in futility.

But I’m no stranger to that. A few minutes ago, looking for a link for a previous post that needed one, I went back to the last week of posts on my old blog I had at the paper, and ran across this forgotten item — which, as it happens, was day after the post in which I announced that I had been laid off:

Good job rejecting the tuition caps

This might sound strange coming from a guy who was already counting pennies (or quarters, anyway — I miscounted how many I had this morning in my truck, and ended up with a parking ticket because I didn’t have enough for the meter), with my two youngest daughters still in college. And now I’m about to be unemployed.

But I’m glad the House rejected tuition caps at S.C. colleges and universities. I have an anecdote to share about that.

Remember the recent day when college students wandered the State House lobbying lawmakers on behalf of their institutions. They wanted the state to invest in higher education the way North Carolina and Georgia have. Either that day, or the day after, I had lunch with Clemson President James Barker, and he told me an anecdote he had witnessed: He said the students were pressing a lawmaker NOT to support the tuition caps, because they were worried about their institutions being even more underfunded — they hardly get anything from the state — some are down below 20 percent funding by the state, and the rest has to come from such sources as tuition, federal research grants and private gifts. Eliminate the ability to raise tuition, and the institution’s ability to provide an excellent education is significantly curtailed. If we want lower tuitions, the state should go back to funding higher percentages of the schools’ budgets, the way our neighboring states with better higher ed systems do.

The lawmaker listened to the kids, and then said with great condescension, maybe you kids don’t care if tuition goes up, but I’ll bet your parents would like a cap. He thought he had them there, but the kids set him straight: None of their parents were paying the bills. These kids were working their way through schools and paying for it all themselves. And they didn’t want to see the quality of what they were working so hard to pay for be degraded by an artificial cap on tuition. The lawmaker had not counted on getting that answer.

I wish I had been there to see it, because I’ve been in a similar place before. Back in 95 or 96, Speaker Wilkins had brought his committee chairs to see us, and I started challenging the wisdom of their massive rollback of property taxes paid for school.One of them allowed as how he bet I was glad to get that couple of hundred dollars I didn’t have to pay. And I answered him that I was ashamed that I was paying so little through my property tax to support schools that I knew needed more resources. He said smugly that he was sure I wouldn’t want to give it back. I told him I didn’t see as how there was any channel for doing that, but if he could point me to the right person who would take my money and see it gets to the right place, I would pay the difference. He didn’t have a good answer for that.

It would be great if our lawmakers would stop assuming that all of us in South Carolina are so greedily shortsighted that we can’t see past our personal desire to pay less money, and that we are corruptible by a scheme to starve colleges of reasonable support.

Reading that now, with all that’s happened since — the rise of the Tea Party, the eagerness of Republicans, demoralized after their 2008 defeat, to embrace destructive extremism (and of course, what happens to the Republican Party as happens to South Carolina, which it dominates), the election of Nikki Haley over more experienced, less extreme candidates of both parties — it reads like thoughts from another century. And, of course, another place.

Imagine, even dreaming of our state caring enough about education to invest in it the way our neighboring states have, much less suggesting that we do so. How anachronistic can one get? All that’s happened since then is that South Carolina has run, faster every day, in the opposite direction — with out elected leaders firmly convinced that that is not only the right direction in which to run, but the only one.

Sheheen (and Knotts — yeah, Jake) going after “leadership PACs”)

Got this yesterday, thought I’d pass it on:

Dear Brad —

People say that “money is the mother’s milk of politics.”

It seems that no matter how many rules we put into place to regulate the flood of money and influence in our elections, politicians too often find ways around these rules.  Here in South Carolina, one vehicle for getting around campaign contribution limits imposed by law is through entities called leadership political action committees or “leadership PACs.”  Some politicians operate “leadership PACs,” which enable them to accept larger contributions from their cronies and then, in turn, dole out money to other candidates.  This creates a culture of politicians whose coffers are flush with money being able to exert influence over others through their “leadership PACs.”

The end result?  Corruption and unfair influence.  I’m writing today to for your help in putting a stop to this practice.

It has not been the custom in the South Carolina Senate for members to operate “leadership PACs,” but recently Sen. Jake Knotts and I proposed and passed a new rule explicitly banning the practice among senators.  We are hoping that this will put pressure on our colleagues in the South Carolina House of Representatives to follow suit.

I’ve sponsored a bill this session that, if passed, would ban PACs organized by or on behalf of any statewide officeholder or member of the General Assembly.

Will you call or email your legislators today and urge them to support S. 633? You can look up your members of the South Carolina House and Senate by clicking here.

The editorial board of The State newspaper published an editorial this week urging members of the legislature to pass this bill.  I’ve included this editorial below.

Not sure how the Sheheen/Knotts team-up happened. I guess it’s just a coalition of the willing. In any case, 38 other senators have signed on. Of course, as Cindi noted in the edit, that’s probably because “leadership PACs” are a House, not a Senate, phenomenon. You probably know that historically, the divide between House and Senate has been much sharper than that between Democrat and Republican. As the edit noted:

For the record, the only ones we’re aware of are controlled by House Speaker Bobby Harrell, House Ways and Means Chairman Dan Cooper, House Labor, Commerce and Industry Chairman Bill Sandifer, House Democratic Leader Harry Ott and Reps. Jim Merrill, Alan Clemmons and Gilda Cobb-Hunter.

You pays your money and you takes your choice

Sorta kinda conservative blogger Andrew Sullivan says “You don’t have to be a flaming Marxist to see that there’s something askew here.” He apparently got the chart from The Daily Kos, which cited “The Christian Left.” (Which I’m guessing is a reference to this group.) The Kos context apparently had something to do with defending public unions in Wisconsin, although the connection makes no sense to me — I guess you have to be a class warrior to get it. The Kos post was later updated to point to the Center for American Progress as the original source. That link, at any rate, cites sources for the numbers.

It was Sullivan’s “Chart of the Day II” on Friday.

Anyway, interesting comparisons. After The Christian Left, Kos, and Sullivan, the link in the chain that brought it to my attention was alert reader Laura Hart, who observed:

“We” chose to enact a bunch of tax breaks, so now “we” have to tighten our belts and make shared sacrifices.  Not that all tax breaks are bad, but can’t we be honest about what is happening?  A similar chart could be compiled for South Carolina.

Sounds like an interesting experiment. Anyone want to take that on — someone, that is, more skilled with spreadsheets and such than I am?

Harvest Hope off to a good start, with a long way to go

Just an update on Harvest Hope Food Bank’s urgent appeal for operating funds, which I told you about back here.

Since that Tuesday press conference, which ADCO was honored to help with, the media reaction has been gratifying. All four local commercial TV stations showed up and reported — some of them doing followups. As for print — Harvest Hope’s appeal got the lede position on the front page of The State Wednesday, and on Thursday The Greenville News (Harvest Hope also has a significant presence in Greenville) played the story as its front-page centerpiece.

There will be follow-up coverage. But going forward, the ball is in the court of potential donors — some of whom have responded already to the initial repeal to double-match the generous $150,000 match pledge from Mungo Homes.

As of today, the cash raised since Tuesday was $37,477. And I was gratified to hear from Harvest Hope staffer Bryan Rurey that:

We also had an online gift that directly referenced Brad’s Blog!

Cool. Now which one a you crazy lugs did that? Whoever it was, good on you.

Now 37 grand is a great start, but just a start toward the $2 million that’s needed by June. In fact, it’s just a start toward double-matching the Mungo grant. So tell everyone you know, we need this thing to start snowballing.

To recap the salient points:

Each year since the economic crisis began, the need has been greater than the year before. Harvest Hope is now feeding 91 percent more families than it did in 2008.

Fixed costs, aside from food and capital needs, have risen dramatically. It now costs $3,100 a DAY to fuel the vehicles that distribute the food, and that’s only going to go up.

As the need and costs have risen, cash donation have dropped over the last few months. Some regular donors, people who used to give monthly, have even told Harvest Hope that they are just a step away from having to avail themselves of the charity’s services.

For the first time ever, the “giving season” donations that tend to flow in from September to December were not enough to pay off the line of credit that carries HH through the lean spring and summer. Always in the past, that operating debt was paid off by Jan. 1. At the start of this year, the organization was a million dollars in the hole — this despite operational expense cutbacks.

All of that adds up to an urgent need for $2 million to fill that hole, and to cover the expected increase in operating expenses for the next few months.

This is not just Harvest Hope’s problem; it’s a significant challenge to the 22 counties it serves. Because other entities that feed the hungry in those communities — churches, secular nonprofits, what have you, 450 member agencies in all — depend on Harvest Hope to supply the food. This, folks, is South Carolina’s version of an organization that is “too big to fail.”

Finally, I’ll reiterate the political angle. We hear a lot of talk from the dominant political faction in South Carolina about relying on government less and the private sector more when it comes to providing a safety net for the “deserving poor.” Well, folks, in this  part of South Carolina, Harvest Hope IS the private sector’s means of feeding the hungry.

Oh, and at Harvest Hope you don’t find the “culture of dependency” problem that certain politicians like to go on about. Typically, if Harvest Hope is able to take care of a family’s emergency food needs for three months running, it gets them through the crisis so they can get back on their feet. And only 1 percent of clients are on TANF (what remains of “welfare as we knew it”) benefits.

So what are you waiting for? Time to step up, and give. Here’s how:

  • Visit the donor page at www.harvesthope.org.
  • If you have received a mailing from Harvest Hope, please use the convenient reply envelope that came with it.
  • Send a check to Harvest Hope, 2220 Shop Road, Columbia, SC  29201.

Harvest Hope needs our help, so it can help others

Director Denise Holland and Harvest Hope board members issue an urgent appeal for funds at a Tuesday press conference.

Running behind today, still catching up on stuff I wanted to write about yesterday…

Such as Harvest Hope Food Bank‘s urgent appeal for operating funds. You may have read about it already in The State today. It was hard to miss, since it was the lede story. That was gratifying not only because Harvest Hope, and the people it serves, need the communities in its 20 counties to know about the situation, but because ADCO was helping the agency get the word out. (When I saw that was the lede this morning, I thought, “Idiot! Why didn’t you put that on your Virtual Front Page yesterday? The reason — I was so close to it, it didn’t even occur to me.)

The situation is this: Harvest Hope needs our help, as it never has before in its 30-year history.

HH is the food safety net for 20 counties in South Carolina – the Midlands, Florence and Greenville. It is a regional food distribution organization that collects, stores, and distributes food and related items. Its 450 member agencies that feed the hungry in these communities – churches, private charities, others – depend on Harvest Hope to provide the food.

The increase in need recently has been startling. In the last six months, the number of families HH has fed has increased by 42 percent over the same period a year earlier. Harvest Hope served 91 percent more families in 2010 than it did in 2008. Another way to put it is that the private nonprofit served 2,037,496 individuals throughout the service area in 2010.

With double-digit unemployment in our state, HH sees no sign of this need abating soon.

While the need has increased, so have unavoidable expenses: Just fueling the fleet of vehicles that deliver food throughout the 20 counties costs $3,100 a day. With unrest sweeping the Mideast, fuel prices are expected to rise, not drop, for the foreseeable future. Harvest Hope has food in our warehouse, but if they can’t deliver it, it does no one any good.

Yet in this time of increasing need and expenses, over the last four months, donations to Harvest Hope have dropped.

Here is how Harvest Hope’s funding cycle typically works: Most of its cash donations come in during the last four months of the year. It gets through each spring and summer by tapping a $400,000 line of credit. HH pays off that line of credit with the money that comes in from September-December. Each year in the past, HH has paid off the line of credit by January 1.

This year, because of the drop-off in financial donations, HH has been unable to pay off the line of credit.

HH has cut most of the expense items it believes it can cut while still serving the needs of the hungry. It has cut back on mailings, switching to e-mail; reduced casual labor to help sort food, bringing in more volunteers for additional shifts on nights and weekends; tried to get food more from within the region to avoid shipping costs; eliminated travel to conferences and staff training; reduced the use of operational supplies. Next, if necessary, would be staff reductions.

Why has giving dropped off? Because regular donors, friends and neighbors who have been so generous in the past, are also hurting in this economic crisis. Some who have given regularly have told Denise Holland and HH staff that they are themselves just a step away from needing Harvest Hope’s help in order to eat.

Harvest Hope needs $2 million between now and the end of June, and as much of it as possible as soon as possible. This number arises from a combination of factors, including the accelerating increase in need, the rise in unavoidable expenses, and the drop-off in cash contributions. In asking for this money, HH is not only trying to pay off the line of credit, but also anticipating a continued greater monthly operating expense going forward. Another way to put it: HH is about a million in the hole now, and extrapolating forward, sees itself going in deeper and deeper if it keeps meeting the need — which it fully intends to do.

Some have already stepped up nobly to help meet this need. Mungo Homes has offered to donate $150,000 if it is matched by twice as much from the community. This is in keeping with a long tradition in the Mungo family of providing material support to Harvest Hope.

But even when that match challenge has been met, HH will need much more, and is hoping other major donors will follow the Mungos’ example and offer similar challenges.

Donations to Harvest Hope are of course tax-deductible, and 98 cents out of every dollar it receives goes directly to feeding hungry families in our area.

By the way — Harvest Hope does not foster a culture of dependency. Typically, if it is able to feed a family for three months in succession, it gets them through their crisis so that they are able to be self-sufficient going forward. During those three months, Harvest Hope frees them from worrying about food so that they can concentrate on the other things they need to do to get themselves out of financial difficulty.

Over the last three years more than 484,000 individuals came to HH for help through its two full-time emergency food pantries, and of those, 86,000 came for the first time. The top reasons? Unemployment, underemployment, and the high costs of shelter.

Less than 1 percent of our clients receive TANF (commonly called “welfare”) payments.

When this economic crisis first hit the nation in 2008, we heard a lot about financial institutions that were “too big to fail.” For the communities it serves, Harvest Hope is the institution that is too big to fail. The hungry of these communities, and the various agencies that feed them, depend on Harvest Hope too much.

And Harvest Hope is not failing. It is not going away. It is getting the job done, despite the challenges before it. But for the first time, it has gone into a financial hole doing so, and needs our help to get out of it, and continue the mission.

Here’s how to give:

•   Visit the donor page at the website: www.harvesthope.org.

•   If you have received a mailing from Harvest Hope, please use the reply envelope that came with it.

•   Send a check to Harvest Hope, 2220 Shop Road, Columbia, SC  29201.

OK, THAT SORT OF ENDS THE OFFICIAL MESSAGE. The above is an adaptation of the talking points that I helped Denise put together before Tuesday’s news conference. In fact, I changed so little of it that I may have missed a couple of places where it says “we,” though I meant to change it to “it” or “they” or “Harvest Hope.” Forgive me; I’m running behind and am in a hurry.

Now, allow me to add an editorial comment of my own:

We hear a lot from folks who subscribe to the ideology that keeps winning elections in our state that they don’t want government taking care of the needy, that they think private charities should take up the slack.

Well.

THIS is how private charities feed the hungry — the “deserving hungry,” for those of you who make such distinctions — in this area. You may see a church or other agency feeding people, but like as not, that entity got the food from Harvest Hope. That’s sort of what I meant about the “too big to fail” thing. This IS the private sector’s response to the existence of hunger in our communities.

So let’s step up.

Breathtaking euphemism: Cutting health care payments in SC

Catching up on my e-mail, I ran across this release from our friend Wesley over with the Senate Republicans:

Senate passes bill giving DHHS budget flexibility

The state Department of Health and Human Services needs to crawl out of a $228 million hole for this fiscal year, alone. Next year, deficit estimates top $500 million. But, it doesn’t have to stay this way. That’s why Senate Republicans led the fight today to pass S. 434 — it removes budgetary constraints on the actions of agency director Tony Keck and gives him and his department more flexibility as it comes to this fiscal crisis.

The legislation, chief sponsored by Senate Majority Leader Harvey Peeler and cosponsored by Senators Kevin Bryant and Lee Bright, requires the ability to purchase generic drugs instead of more expensive name brands. Most importantly, it repeals part of a proviso that stopped any DHHS director from modifying the schedule by which doctors and hospitals were paid through the state’s administration of Medicaid.

“This bill is all about untying Mr. Keck’s hands and allowing him to do his job as effectively as he can,” Peeler said following the vote. “That doesn’t mean he has to cut programs, it means he can cut. With such a huge deficit, we need Keck to be running his own agency, not micromanaged by the legislature.”

The bill’s passage is also seen as a win for Gov. Nikki Haley. It both invests more power to an executive branch agency and hands those reigns over to one of her recent appointments. The budgetary problems within DHHS — and Medicaid in particular — have been high on issues to address for both the governor and the legislature as they entered this session.

Keck has said that he’s looking at making health care providers modify their staffing ratios, increasing patient co-pays and taking a hard line in favor medical tort reform. Senate Republicans are ready to help him in any way possible fix the agency’s financial problems.

“Flexibility.” I like that. It reminds me of when people who want to increase taxes call what they’re doing “revenue enhancements.” When conservatives in SC want to cut spending on life-and-death essentials, they call it “flexibility.” As euphemisms go, it’s sort of breathtaking.

I especially liked this part, so I’ll repeat it:

“This bill is all about untying Mr. Keck’s hands and allowing him to do his job as effectively as he can,” Peeler said following the vote. “That doesn’t mean he has to cut programs, it means he can cut. With such a huge deficit, we need Keck to be running his own agency, not micromanaged by the legislature.”

Translation: We’re going to flat make these cuts, but we are not going to take the responsibility. That’s what the governor hired Mr. Keck to do. Interesting how sometimes, the Senate sees granting power to the executive as a good thing. Take note, boys and girls. Take pictures, and remember so you can tell your own children, because this doesn’t happen often. Normally, as Cindi wrote on Wednesday, or Legislature is “fixated… on micromanaging the most mundane minutiae of state government…”

But flexibility — that’s a good thing, right? Sounds good, anyway.

Here’s the way what the Senate did was described by a neutral party (which is why we have the MSM):

The S.C. Senate gave key approval Thursday to a bill allowing immediate cuts in state payments to doctors and hospitals that treat patients in the state-run health care program for the poor and disabled.

Gov. Nikki Haley and the Department of Health and Human Services have sought to cut those payments in order to make up part of a $225 million deficit at the state’s Medicaid agency. Agency director Tony Keck said the state could save $2.4 million between now and June 30 for every percentage point that it cuts those payments.

The bill also requires HIV, AIDS, cancer and mental-health patients to use generic drugs or get prior approval from the state’s health agency to use more expensive, non-generic drugs.

So you’ve seen it described two ways — by the perpetrators and by the news media. Now, here’s the assessment of someone at the other end of the spectrum. Samuel Tenenbaum, the head of Palmetto Health Foundation, came to my table at breakfast to make sure I knew what was going on from the perspective of health care providers. He said it’s not a fiscal issue, but a moral issue, for this reason: Cut back on payments for care, and “people will die.”

This, of course, will be dismissed by folks at the first end of the spectrum who will describe Samuel as a bleeding-heart liberal Democrat whose ox is being gored. They’ll tell him to get out there and work harder raising money for the hospital, if he’s so concerned. But you know, I don’t distrust the judgments of people who are actually involved in the complex business of paying for health care. I tend to think that they, the involved parties, more than anyone else, may actually understand the situation. Call me crazy.

Later in the day, Samuel sent me this set of more formal talking points, elaborating on his stark assessment at breakfast:

• The Problem
Former Governor Mark Sanford originally requested $659 million to fund the Medicaid program for fiscal year 2011-12. Governor Nikki Haley and her Medicaid director Tony Keck reduced that request by over $200 million. More than half of that reduction would be made up by reducing Medicaid payments to hospitals, physicians and other healthcare
providers.
• South Carolina Hospital Association Proposal
SCHA member hospitals support a temporary increase in the $264 million hospital contribution to the state’s Medicaid fund as opposed to a cut in hospital provider rates.
• Why contribute rather than cut?
• A 10 percent reduction in the rate paid to hospitals will “save” $47 million in state funds but “cost” the state almost $170 million in federal matching funds. As Mr. Beaman has stated, a 10 percent cut for Palmetto Health will result in a $22 million loss to our system.
• Over 2600 South Carolina hospital jobs will be put in jeopardy.

So there you have it, a sort of Three Bears approach — perspectives on the issue from both ends and the middle. See what you think.

A woman with priorities so far out of whack doesn’t deserve such a… weird outfit

Well, this is a first for me. You don’t usually see me holding forth on fashion; I leave that to the Shop Tart and other respected experts. But I couldn’t resist making this observation (OK, really, I couldn’t resist writing the Ferris-alluding headline).

This was on the front of a section of my Wall Street Journal this morning:

Who Buys These Clothes? They Do

A Peek Inside the Closets of Shoppers Who Pay Full Price for Designers’ Latest Runway Looks

After Ana Pettus, a 42-year-old mother who lives in Dallas, watched a gold minidress with a plunging, fringed V-neck go down the runway at the Balmain show in Paris last year, she knew she had to have it.

She bought the piece—she wears it as a tunic instead of a dress—along with three others from the fall 2010 collection at the Paris boutique of the luxury French fashion house. Price tag: €55,150, or about $74,000.

The Balmain pieces now hang in one of Ms. Pettus’s four closets, joining styles from Alexander McQueen and Yves Saint Laurent, as well as a $50,000 voluminous black-and-white gown with a giant picture of Marilyn Monroe on the skirt by Dolce & Gabbana. “I buy what I love,” says Ms. Pettus, who is married to the owner of a construction business. “They are beautiful pieces. They’re not mass-produced. You pay for that.”…

And at first, I thought it was just saying the obvious — that no normal person would actually want to wear the bizarre stuff that those sadly emaciated girls wear on runways.

But then, I realized that what it was really saying was, these women actually pay full price to wear these clothes, straight from the designer.

And I thought, “How can anybody waste money like that?”

It puzzles me greatly. Maybe it’s because I’m not the kind of person who would ever become rich in the first place, but I’ve always thought, even if I were a billionaire, I would be reluctant to just waste large amounts of money.

OK, I might be tempted to buy one of those choice little Lexus sports cars, or a vintage Corvette. But I wouldn’t even think about a Maserati or a Lamborghini. I mean, it would just be wasting money, spending far more than any practical use I would get out of the thing could possibly be worth.

And even with the Lexus or the ‘vette, I know I’d feel considerable guilt before, during, and after the sale. Because I would be so conscious of how much more good that money would do, I don’t know, building a Habitat house, or inoculating several thousand kids against a deadly disease, or providing earthquake relief somewhere.

And in that story in the WSJ, well… it’s just a frickin’ DRESS; it’s not like it’s anything cool. It won’t go fast or anything. Spill coffee on it, and it’s ruined. What insanity! And what possible difference could it make that it’s unique? Does it clothe one’s nakedness more than something from Steinmart? No. Are the materials stronger, more stain-resistant, warmer, softer? No! The only difference is a completely meaningless intangible.

As I’ve said before, if I had great wealth, I would buy a newspaper, and run it right (which would be a novelty in that industry), and explore ways to make journalism pay in the 21st century. Maybe that sounds exorbitant, but hey, I think I could pick one up at a pretty good price these days (a small fraction of what I thought it would have cost when I wrote this)…

Just to remind you how outrageous the benefit for legislators is…

Back on my last post, I gave you a link to one of Cindi Scoppe’s periodic columns reminding us all just what an appalling boondoggle the retirement benefit for SC legislators is. In case you didn’t follow the link, I’ll make it easier for you by posting this relevant excerpt (note that I’ve boldfaced the best bits):

There are many things that make this pension system extra special, from the fact that such a thing even exists for part-time employees to the fact that former legislators can keep building up credit in it at super-subsidized rates even after we kick them out of office. but the worst thing about it is those super-subsidized rates: For every dollar that state legislators contributed to their pensions last year, state taxpayers contributed $3.33. By contrast, for every dollar regular state employees contributed to their own pensions last year, taxpayers contributed a relatively paltry $1.43.

The reason taxpayers have to contribute so much is that legislators’ pensions are quite generous. Regular state employees who work 30 years can receive a pension equal to 43 percent of their final salary. A legislator (or former legislator) who contributed to the system for 30 years could receive a pension equal to 1.45 times his legislative salary. Yes, you read that right: Legislators can draw pensions that are nearly 50 percent more than their salary.

There is no justification for any sort of legislative pension system, much less one that taxpayers subsidize so much more than the one for the full-time career employees who put the laws the Legislature passes into action, and still less one that allows defeated legislators to get the same benefit as those who actually are serving us. If legislators need to be compensated better — and I think a case can be made that they do — that compensation needs to come while they’re actually serving us, and it needs to be aboveboard where everyone knows about it, in their salary.

Federal pension laws require the state to pay benefits to everyone who already has retired under this system; they might even require the state to pay benefits to everyone who is vested. But there’s nothing — other than the legislators themselves — that requires us to keep giving those super-subsidized rates to current members, or to enroll new ones.

The very next thing that column said was, “You’d think that as tight as the legislative budgets are, someone would at least bring up that topic…”

And the good thing about the bills I wrote about back here is that their sponsors ARE at least bringing it up, even though it’s tucked away in the much-larger issue of retirement for actual state employees. So give them snaps for that.

But don’t lose sight of the fact that it’s a completely separate issue, and one that could be handled much more simply, by eliminating the legislators’ benefit altogether.