Economy

Po_d Mainiac

(4,183 posts)

16. You are talking money (which is worse)

Fri Jan 6, 2012, 11:36 AM

Jan 2012

The line simply states the number and make-up of contributors.

Getting into the tax cap and change in benefits is a whole different story. And yup, it's ugly. DC has already shown how willing and able they are to act like adults when the issue comes up.

To take into perspective the problem with the low number of full time private sector contributors, you have to take into account that at current spending levels, $0.40 of every dollar is borrowed. Due to FED intervention along with fear in the Euro-zone the interest on this debt has been kept artificially low. (killing people with savings, but that's another story in itself). So regarding contributions from Federal workers into the system, for every $1 in wages we add 40 pence to the already $15T of accumulated debt. This also means 40% of the match is borrowed money as well. That is not sustainable, and CONgress ain't dealing with it.

Now set down for a couple minutes with a calculator and plug in 4% instead of 1% as interest on that debt and see how that compares to the total Federal budget/GDP. Plug in 7%

Scary huh

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Debt may be a long term problem, but it certainly isn't an emergency [View all] eridani Jan 2012 OP

You might want to take a look at this thread from a couple days ago on the same topic -- Tansy_Gold Jan 2012 #1

What you apparently fail to grasp, is that a Treasury Bond isn't money "borrowed". A HERETIC I AM Jan 2012 #2

Actually, I know very little about bonds Tansy_Gold Jan 2012 #3

Then I'll do my best to help you understand them just a little more. A HERETIC I AM Jan 2012 #5

Excuse me, but I think you just agreed with me, except where you misunderstood me Tansy_Gold Jan 2012 #6

It depends on which debt. westerebus Jan 2012 #4

Dear Westerebus, Po_d Mainiac Jan 2012 #7

The reason to Keep Your Powder Dry is on the way... westerebus Jan 2012 #8

$20? Po_d Mainiac Jan 2012 #9

Randon notation AG. westerebus Jan 2012 #19

I tend to fergets the $40-48 ramp job. Dog farts have lingered longer than that. Po_d Mainiac Jan 2012 #23

Curious and curiouser. westerebus Jan 2012 #24

Assassinations, 9/11's and other 'Black Swan' cover-ups don't come cheap Po_d Mainiac Jan 2012 #25

datum can suck Po_d Mainiac Jan 2012 #10

What's wrong with transfer payments going up? eridani Jan 2012 #11

That wood be an option Po_d Mainiac Jan 2012 #20

Or we could shorten work weeks and raise or maintain pay eridani Jan 2012 #22

#23 is deceptive -- makes me distrust the rest of the claims, ayuh. Tansy_Gold Jan 2012 #12

The key words are 'private sector' Po_d Mainiac Jan 2012 #13

But the numbers are still deceptive Tansy_Gold Jan 2012 #14

You are talking money (which is worse) Po_d Mainiac Jan 2012 #16

But even the number of contributors isn't apples to apples Tansy_Gold Jan 2012 #17

It ain't a left or right thing Po_d Mainiac Jan 2012 #21

You're All Having a Par-tay, And Didn't Invite Me? Demeter Jan 2012 #15

It didn't start out as a par-tay Tansy_Gold Jan 2012 #18

As long as the debt is denomonated in dollars it makes no difference. Sam1 Jan 2012 #26