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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. She is currently on leave.
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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.

Breaking: Voters Prefer Free Stuff to Higher Taxes, Lower Spending

By Megan McArdle
Jun 29 2011, 4:09 PM ET Comment

Stan Collender writes that Chris Christie is paying for his steely determination to cut spending:


This has to be disconcerting to congressional Republicans: As this story by Elise Young at Bloomberg shows, New Jersey Governor Chris Christie, the darling of those who want to cut spending and not increase taxes, is in serious political trouble in his state because of his willingness to cut spending and not increase taxes.

To certain extent this is anything but surprising. As Bruce and I have talked about almost incessantly here at CG&G since the start of the year, polls have consistently shown that, while a majority wants "spending" reduced when you talk about it in a generic sense, a majority doesn't support cutting anything specific other than foreign aid and gets angry when actual cuts are made.

I'm not sure this proves as much as Collender seems to imply.  Voters get mad at the guy who has to reconcile falling revenues and rising spending during a down economy.  We know that people are down on Christie.  Do we know that they would have been less down on him if he'd raised taxes radically and kept spending intact?  I don't think we do.  Rather, I think we'd be seeing a string of articles from Republicans saying that this proves how tax hikes are political death.

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