The Amazingly Stupid Things Smartphone Users Do While Driving
If you’re reading this while driving, put your phone down right now. This article — as engrossing as it is — will still be here when you reach your destination.
We provide that friendly bit of advice because, as The New York Times reported this morning, a whole bunch of motorists are occupying themselves with their smartphones — and distracting themselves from the road — in ways that go way beyond talking and texting, according to a new survey conducted by Braun Research for AT&T.
The pollsters surveyed 2,067 smartphone users who drive daily, and their findings should be frightening to anyone on the roads. More than six in 10 smartphone users surveyed say they text while driving. It gets scarier: Nearly 40 percent of smartphone users admit to checking in on social media while driving, with 27 percent admitting to using Facebook and another 14 percent saying they use Twitter and Instagram while behind the wheel. Of users who cop to posting on Twitter while driving, 30 percent say they do it “all the time.” Given those figures, it’s amazing that #TwitterAccident isn’t always trending.
Related: Here's How Much Likelier You Are to Be Killed in a Car Than on Amtrak
Some other troubling stats from the survey: 17 percent snap selfies or other pictures when in the driver’s seat and 12 percent shoot videos — with 27 percent of those videographers thinking they can do so safely. Astoundingly, 10 percent of drivers say they video chat while on the roads.
AT&T says it will expand its It Can Wait public service campaign about the dangers of distracted driving, which launched in 2010, to focus on hazards beyond just texting. But as Matt Richtel of the Times points out, the AT&T campaign and other efforts like it face a stiff challenge in trying to counter the social pressures and strongly ingrained habits that keep people constantly checking their phones.
Tough laws and widespread educational efforts have been effective at reducing drunk driving and encouraging use of seat belts. But we still have a way to go in getting drivers to understand that “mobile” doesn’t mean when you’re behind the wheel. Right now, 46 states and the District of Columbia have outlawed texting while driving. As you can see above, that hasn't helped much yet. Smartphone users still need to be convinced of the danger they pose — or face — if they use their devices while driving.
As Lori Lee, AT&T’s global marketing officer, put it: “For the sake of you and those around you, please keep your eyes on the road, not on your phone.”
Chart of the Day: A Buying Binge Driven by Tax Cuts
The Wall Street Journal reports that the tax cuts and economic environment are prompting U.S. companies to go on a buying binge: “Mergers and acquisitions announced by U.S. acquirers so far in 2018 are running at the highest dollar volume since the first two months of 2000, according to Dealogic. Thomson Reuters, which publishes slightly different numbers, puts it at the highest since the start of 2007.”
Number of the Day: 5.5 Percent
Health care spending in the U.S. will grow at an average annual rate of 5.5 percent from 2017 through 2026, according to new estimates published in Health Affairs by the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS).
The projections mean that health care spending would rise as a share of the economy from 17.9 percent in 2016 to 19.7 percent in 2026.
Trump Clearly Has No Problem with Debt and Deficits
A self-proclaimed “king of debt,” President Trump has produced a budget that promises red ink as far as the eye can see. With last year's $1.5 trillion tax cut reducing revenues, the White House gave up even trying to pretend that its budget would balance anytime soon, and even the rosy economic projections contained in the budget couldn’t produce enough revenues, however fanciful, to cover the shortfall.
The Trump budget spends as much over 10 years as any budget produced by President Barack Obama, according to Jim Tankersley of The New York Times. And it projects total deficits of more than $7 trillion over the next decade — "a number that could double if the administration turns out to be overestimating economic growth and if the $3 trillion in spending cuts the White House has floated do not materialize in Congress,” Tankersley says.
Trump — who once promised to both balance the budget and pay down the national debt — isn’t the only one throwing off the shackles of fiscal restraint. Republicans as a whole appear to be embracing a new set of economic preferences defined by lower taxes and higher spending, in what Bloomberg describes as a “striking turnabout” in attitudes toward deficits and the national debt.
But some conservatives tell Tankersley that the GOP's core beliefs on spending and debt remain intact — and that spending on Social Security and Medicare, the primary drivers of the national debt, are all that matters when it comes to implementing fiscal restraint.
“They know that right now, a fundamental reform of entitlements won’t happen," John H. Cochrane, an economist at Stanford University’s Hoover Institution, tells Tankersley. "So, they have avoided weekly chaos and gotten needed military spending through by opening the spending bill, and they got an important reduction in growth-distorting marginal corporate rates through by accepting a bit more deficits. They know that can’t be the end of the story.”
Democrats, of course, have warned that the next chapter in the tale will involve big cuts to Social Security and Medicare. Even before we get there, though, Tankersley questions whether the GOP approach stands up to scrutiny: "This is a bit like saying, only regular exercise will keep America from having a fatal heart attack, so, you know, it's ok to eat a few more hamburgers now."
Part of the Shutdown-Ending Deal: $31 Billion More in Tax Cuts
Margot Sanger-Katz and Jim Tankersley in The New York Times: “The deal struck by Democrats and Republicans on Monday to end a brief government shutdown contains $31 billion in tax cuts, including a temporary delay in implementing three health care-related taxes.”
“Those delays, which enjoy varying degrees of bipartisan support, are not offset by any spending cuts or tax increases, and thus will add to a federal budget deficit that is already projected to increase rapidly as last year’s mammoth new tax law takes effect.”
IRS Paid $20 Million to Collect $6.7 Million in Tax Debts
Congress passed a law in 2015 requiring the IRS to use private debt collection agencies to pursue “inactive tax receivables,” but the financial results are not encouraging so far, according to a new taxpayer advocate report out Wednesday.
In fiscal year 2017, the IRS received $6.7 million from taxpayers whose debts were assigned to private collection agencies, but the agencies were paid $20 million – “three times the amount collected,” the report helpfully points out.
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