Anderson Township resident Marek Tyszkiewicz is an actuary and former U.S. House candidate.
W. Edwards Deming, the man who helped save the Japanese auto industry, famously once said, “In God we trust; all others bring data.” Folks, our politics need saving and Deming’s advice is how we do it.
Often we trust our political leaders and rarely ask to see the data. In speaking with my friends, conservatives and progressives alike, their arguments for supporting policy decisions are almost always anecdotal, not based on facts or solid research.
Think about the case to raise the minimum wage. How many local businesses would be impacted, how much of the higher wages paid would flow back into the community, how much more would be collected as additional tax, how would prices of goods and services change? We don’t know.
It doesn’t have to be that way. Think about all the data you’re flooded with in other areas of your life. Take football for example. Whether you’re watching a game on TV or picking your fantasy lineup, you can access as much data as you want to your heart’s content. Information like, how successful has your team been on third down, how many points is your player projected to score, what’s the probability of scoring given the field position, and much more is readily available.
Likewise, as a pension actuary, I am frequently asked to analyze the impact of changes to retirement systems. These studies include 100-year projections, sensitivity analysis, winners and losers lists, and more.
My dream is to bring this same rigor to how we analyze our public policy options, especially the winners and losers list. When we discuss changing the tax code, saving Social Security, raising the minimum wage, paying down our national debt, I want to see a clear model of exactly who’s impacted and how. Show me a baseline model of where we’re currently at and then show me the same model reflecting the proposed changes. I want this model to be transparent and open source so that anyone can look at and decide for themselves if the proposed changes make sense.
In short, I want to have as much data in front of me when I make policy decisions as an NFL coach has when they decide whether to go for it on fourth down.
But a model like this by itself is not enough. Congress controls the purse strings of the country. We need representatives that will look at the winners and losers in their district when voting on bills, and make fact based decisions, not ones that cater to the special interests funding their campaigns.
That was my goal when I ran for Congress in 2014 – to bring fact-based fiscal responsibility to Congress while also protecting our civil liberties. I’m not running in this election, but there is someone else on the ballot I am confident has these same goals. Her name is Michele Young and she is running to represent Ohio’s 1st Congressional District.
Michele came to Cincinnati on a Greyhound bus 25 years ago with nothing more than an interview appointment to be a law clerk. Since then, she has built one of the most successful law firms in the city and has been a champion for women’s rights.
Folks, you don’t get to where Michele is today without making sound, fact-based business decisions. I know she is the person we should send to Congress to make those fiscally responsible decisions for us and encourage you to vote for Michele Young in this election.