Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

How is the GSA spending your money?

How is the GSA spending your money? - Dropping $822,751 on a conference for about 300 people would be a scandalous waste in the private sector (maybe not if you're Instagram)—but put that bill on a government tab, and it's unfathomable: In fact, that sum is the amount of taxpayer dollars dropped on a Las Vegas junket by an agency that most Americans haven't even heard of.

If the U.S. General Services Administration wasn't a household name before the wasteful office retreat, it sure is known now: The conference resulted in the resignation of administrator Martha Johnson; a congressional hearing; and some incriminating photos of the conference organizer, Jeff Neely, and his wife, living the preconference "suite" life in the Las Vegas hotel.


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So what exactly does this agency do, aside from waste your money? Well, here's the thing: The independent agency is tasked with developing government-wide cost minimizing policies. But along the way, the organization seems to have done the exact opposite.

It all started back in 1949, when President Truman authorized the General Services Administration as an independent government agency. It was the result of combining several government agencies: the national archives, the U.S. Treasury Department's contract department, and the Federal Work Agency.

Its first task: A complete renovation of the White House. Today, the agency is responsible for overseeing federal buildings and supplies. It is in "the business of government," as its website states, offering "private sector professional services, equipment, supplies, telecommunications, and information technology to government organizations and the military. GSA policies promote management best practices and efficient government operations."

These are the guys who are in charge of presidential transitions, historic preservation, and, yes, even running the rules and regulations of travel and conferences for federal agencies, as the acting deputy administrator Dan Tangherlini points out in his mea culpa message on the site's blog. (


It certainly has its work cut out.


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How to Save a Trillion Dollars

How to Save a Trillion Dollars - In the scheme of things, saving the 38 billion bucks that Congress seems poised to agree upon is not a big deal. A big deal is saving a trillion bucks. And we could do that by preventing disease instead of treating it.

For the first time in history, lifestyle diseases like diabetes, heart disease, some cancers and others kill more people than communicable ones. Treating these diseases — and futile attempts to “cure” them — costs a fortune, more than one-seventh of our GDP.

But they’re preventable, and you prevent them the same way you cause them: lifestyle. A sane diet, along with exercise, meditation and intangibles like love prevent and even reverse disease. A sane diet alone would save us hundreds of billions of dollars and maybe more.


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How to Save a Trillion Dollars


This isn’t just me talking. In a recent issue of the magazine Circulation, the American Heart Association editorial board stated flatly that costs in the U.S. from cardiovascular disease — the leading cause of death here and in much of the rest of the world — will triple by 2030, to more than $800 billion annually. Throw in about $276 billion of what they call “real indirect costs,” like productivity, and you have over a trillion. Enough over, in fact, to make $38 billion in budget cuts seem like a rounding error.

Similarly, Type 2 diabetes is projected to cost us $500 billion a year come 2020, when half of all Americans will have diabetes or pre-diabetes. Need I remind you that Type 2 diabetes is virtually entirely preventable? Ten billion dollars invested now might save a couple of hundred billion annually 10 years from now. And: hypertension, many cancers, diverticulitis and more are treated by a health care (better termed “disease care”) system that costs us about $2.3 trillion annually now — before costs double and triple.

It’s worth noting that the Federal budget will absorb its usual 60 percent of that cost. We can save some of that money, though, if an alliance of insurers, government, individuals — maybe even Big Food, if it’s pushed hard enough — moves us towards better eating.

The many numbers all point in the same direction. Look at heart disease: The INTERHEART study of 30,000 men and women in 52 countries showed that at least 90 percent of heart disease is lifestyle related; a European study of more than 23,000 Germans showed that people with healthier lifestyles had an 81 percent lower risk.

And those estimates might be on the low side. Dean Ornish, the San Francisco-based doctor who probably knows more about diet and heart disease than anyone, says, “My colleagues and I have found that more intensive diets than those studies used can reverse the progression of even severe coronary heart disease.”

In his latest book, “The Spectrum,” Ornish recommends that people at risk eat stricter diets (more plants, higher fiber, lower saturated fats and so on) than those who are generally healthy, but it’s not all or nothing — the more you change your diet and lifestyle, the healthier you are. “What matters most,” he says, “is your overall way of eating and living. If you indulge yourself one day, eat healthier the next.” I’ve been preaching similarly for years. But the trillion-dollar question is, “How do we get people to eat that way?”

I don’t have an easy answer; no one does. But it for sure will take an investment: it’s a situation in which you must spend money to make or save money. (Yes, taxes will go up, but whose taxes?) Some number of billions of dollars — something in the rounding error area — should be spent on research to figure out exactly how to turn this ship around. (The NIH, which pegs obesity-related costs at about $150 billion, just announced a new billion-dollar investment. Good, but not enough.)

Corny as it is to say so, if we can put a man on the moon we can create an environment in which an apple is a better and more accessible choice than a Pop-Tart. Some other billions of dollars must go to public health. Again: we built sewage systems; we built water supplies; we showed that we could get people to eat anything we marketed. Now all we have to do is build a food distribution system that favors real food, and market that.

Experts without vested interests in the status quo come to much the same conclusion: Only a massive public health effort can save both our health and our budget.

Can we afford it? Sure. Dr. David Ludwig, a Harvard-affiliated pediatrician and the author of “Ending the Food Fight,” says, “The magnitude of the deficit is small when you consider costs of nutrition-related disease; the $4 trillion that the Republicans want cut over a decade is about the same as the projected costs of diabetes over that same period.”

In last week’s issue of the Journal of the American Medical Association, Ludwig made a number of concrete suggestions, like restructuring subsidies, regulating the marketing of food to children and adequately funding school lunch programs.

His most novel ideas use existing and future technologies to help the food industry retain profits while producing less junky products: devising a method of preserving polyunsaturated fats, for example (dangerous trans-fats are widely used simply because they are stable) or making bread with real whole grains instead of refined ones. (His research demonstrates that people who eat ultra-processed grains rather than whole grains for breakfast go on to consume 600 to 700 calories more than other people each day.) “I’m not arguing that the food industry should be philanthropic,” he says. “Its purpose is to make money. But the goal of the government should be to encourage industry to make money by producing more rather than less healthful foods.”

The best way to combat diet-related diseases is to change what we eat. And if our thinking is along the lines of diet improved = deficit reduced, so much the better. If a better diet were to result only in a 10 percent decrease in heart disease (way lower than Ludwig believes possible), that’s $100 billion project savings per year by 2030.

This isn’t just fiscal responsibility, but social responsibility as well. And the alternative is not only fiscal catastrophe but millions of premature deaths. ( nytimes.com )

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Money does not buy happiness

Money does not buy happiness. Money doesn't buy happiness, and now there's a study that seems to prove it.

Australian researchers found that people in well-off Sydney are among the most miserable in the country, while those in some of the poorest areas are much more satisfied with their lives.

"Only at very, very high levels does money actually have any impact to act as a buffer," said Deakin University researcher Liz Eckerman.

Shown very clearly

"Money doesn't actually buy happiness and that's what was shown very clearly for the nearly 23 000 people we've interviewed so far," she told ABC radio.

The findings, collated since 2001, show that while there are no extremes of well-being in Australia, the happiest areas had a lower population, more people aged 55 or over, more women, more married people and less income inequality.

The survey assessed a person's satisfaction with their standard of living, health, relationships, life achievement, safety, community connection and future security.

Robert Cummins, a professor of psychology at Deakin who compiled the survey's scorecard, put the difference down to the higher cost of housing and high population density in cities.

"People in these rural electorates often have the advantage of additional disposable income since the cost of living, particularly housing, tends to be reduced outside the cities," he said.

Of the 150 national electorates surveyed, one of the nation's poorest, Wide Bay in rural Queensland, was among the happiest. – ( health24.com )


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