Posted on 06/29/2011 8:41:32 AM PDT by Libloather
Link only - Failure to Raise U.S. Debt Cap Seen Idling 800,000 Workers
I feel their collective pain. Not! =.=
Damn...they’ll have to go back on food stamps and welfare...
Perhaps they can go on unemployment. That will save the economy according to nutjob Nancy P.
yes it is. Could we idle six million of 'em?
“Also, in August Social Security benefits cost $49.2 billion, Medicare and Medicaid cost $68.6 billion, defense venders and personnel cost $34.6 billion and unemployment benefits total $12.8 billion. This totals $165.2 billion in spending requirements, more than the $159.3 deficit on hand for spending.”
It’s simple:
1. Cut $200 billion from FY2012 budget.
2. Pass a $200 billion debt ceiling increase combined with that spending cut.
3. Have the argument again in 3 months.
First, yes, there are too many government employees.
However, my wife is a Federal employee, who spent time in the private sector, and I resent the notion that they’re all “on foodstamps and welfare” otherwise.
She could vouch that at least some of her coworkers are otherwise pretty worthless outside government, however.
That said, if my wife lost her job, we’d lose everything, since, thanks to the Obama economy as well as other things, I make considerably less money than I used to.
Good.
I believe something similar is what Mitch McConnell proposed a couple of weeks ago.
Wash...Rinse...Repeat until the government gets down to size!
They always can deal crack as before.
It is sure a mess. I see no fix no matter what Party is in there. Hang on it is gonna get bumpy.
More idled than when they’re “working”?
Is that possible?
At some point gov is going to go broke. And it is going to be very ugly, better get prepared becuase it might be sooner rather then later.
Do they still get their employee discount on GM vehicles?
Just a beginning...
“Warren G. Harding cut government 50% and ended the Depression of 1920-21 in the shortest time span in history.”
http://www.thelandofthefree.net/conservativeopinion/2011/05/19/gdp-versus-debt/
Loosening of energy markets alone under a Repub Gov't alone would be a huge boost to the economy, lowering oil prices as well as providing a huge number of jobs to people who would be coming off Gov't salaries.
New private healthcare incentives would do the same for the availability of real jobs.
The government goes through this layoff threat form time to time. Few have been laid off and when the were they still get their pay check.
If I was a federal employee, I wouldn’t worry too much. I figure the debt limit extension deal was already made weeks ago, but they will play this game up until about 48 hours before the limit is due to be hit. Both sides want their supporters to think they held out to the last minute to get the best deal they could. And just like the deal on the budget, all Republicans will take away is a few cuts, that are in reality little more than “accounting gimmicks” and a couple vague promises about future cuts.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.