I enjoyed this Michael Kinsley
post last year more than anything I'd read in
a long time, because it speaks to a big frustration of mine: while (contrary to
most blogger stereotypes) I appreciate the importance of reporting, I can't
stand reading most straight news writing.
The debt-ceiling fight has been the dominant story out of
Washington for weeks, and for the most part the White House hasn't looked too
good. But in the last few days, the administration has taken some serious steps
forward on other fronts.
In a survey the Federal Reserve Board discovered that 47 percent of Americans would not be able to pay a $400 emergency bill. Either they’d have to sell something or borrow from a family member. This comes as no surprise to writer Neal Gabler, who knows what it’s like to juggle creditors, be down to his last $5, go to the mailbox and get more bills but no checks to pay for them, and borrow money from his adult daughters when he and his wife run out of heating fuel. It’s more embarrassing to admit “financial impotence” than sexual impotence, he says. Gabler decided to speak up about his shameful experience when he realized it is happening to millions of other Americans, and not just poor ones (Atlantic, May).