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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Austerity begins at home

By Megan McArdle
Feb 5 2009, 7:49 AM ET Comment

It does seem to me that if Congress is worried about executives spending outrageous sums of taxpayer cash on luxury jaunts . . . they might stop spending outrageous sums of taxpayer cash on luxury jaunts:



The House Democratic Caucus spent more than $500,000 in taxpayer money over the past five years for its annual retreats at resorts in Pennsylvania and Virginia. 

On Thursday, Democrats will head to the Kingsmill Resort and Spa in historic Williamsburg, Va., for the three-day planning powwow. The resort boasts multiple championship golf courses, a full-service spa and six restaurants. 

ndividual lawmakers pay for most of the expenses related to retreat lodging through their campaign committees, but the Democratic Caucus subsidizes some of the costs for what aides consider "official business" -- to the tune of nearly $100,000 each year, according to a Democratic aide involved in retreat planning.
 

For instance, the caucus picks up the hefty transportation tab, as well as the thousands of dollars in expenses each year for guest speakers, food and entertainment, according to financial disbursement records. 

Democratic leadership sources were reluctant to talk about any aspect of the trip, but they defended it as an important planning session for the entire country. 
Unlike, say, a sales meeting for your top-selling independent insurance brokers, which has absolutely nothing to do with whether AIG moves back to profitability, or becomes a permanent arm of the US government.

You know, we gave them a whole building and everything just so they could have a place to plan for the entire country.  We also provide them with offices filled with staff people dedicated to planning important things for the entire country.  If that's not enough, I suggest they pass the hat and rent a VFW hall somewhere like most of their constituents have to . . . or figure out a way to pay for it without tapping government funds.
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