User Tag List

+ Reply to Thread
Results 1 to 7 of 7

Thread: Washington's Parasitic Economy

  1. #1
    Points: 665,240, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 90.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Discussion Ender
    Chris's Avatar Senior Member
    Karma
    433309
    Join Date
    Feb 2012
    Posts
    197,544
    Points
    665,240
    Level
    100
    Thanks Given
    31,981
    Thanked 80,898x in 54,716 Posts
    Mentioned
    2011 Post(s)
    Tagged
    2 Thread(s)

    Washington's Parasitic Economy

    Government, when it grows beyond the necessary evil, is a parasite.


  2. The Following User Says Thank You to Chris For This Useful Post:

    waltky (11-15-2012)

  3. #2
    Original Ranter
    Points: 858,971, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 92.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496537
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,671
    Points
    858,971
    Level
    100
    Thanks Given
    153,211
    Thanked 147,547x in 94,399 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    Good video.

    However, you can't honestly compare federal salaries in DC with the average private sector salary in the US.

  4. #3
    Original Ranter
    Points: 388,252, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0.2%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    70166
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    89,892
    Points
    388,252
    Level
    100
    Thanks Given
    54,131
    Thanked 39,163x in 27,727 Posts
    Mentioned
    243 Post(s)
    Tagged
    0 Thread(s)
    Well at least their Unions will be at odds with each other for a bit.....at least until this election is over.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  5. #4
    Points: 665,240, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 90.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Discussion Ender
    Chris's Avatar Senior Member
    Karma
    433309
    Join Date
    Feb 2012
    Posts
    197,544
    Points
    665,240
    Level
    100
    Thanks Given
    31,981
    Thanked 80,898x in 54,716 Posts
    Mentioned
    2011 Post(s)
    Tagged
    2 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Good video.

    However, you can't honestly compare federal salaries in DC with the average private sector salary in the US.
    Why, those salaries don't go to generating wealth whereas private sector jobs do. The amounts may not be comparable, effects on the economy are.

  6. #5
    Original Ranter
    Points: 858,971, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 92.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496537
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,671
    Points
    858,971
    Level
    100
    Thanks Given
    153,211
    Thanked 147,547x in 94,399 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Chris View Post
    Why, those salaries don't go to generating wealth whereas private sector jobs do. The amounts may not be comparable, effects on the economy are.
    You seem to be rolling two things into one argument. You can claim that salaries for federal employees are a waste of money (regardless of where they work). But you can't say that because the average federal employee in DC makes X% more than the average private sector worker in the US that your comparison has any valid meaning whatsoever. DC has a very high cost of living, and I imagine that the average private sector worker in DC makes more than the average federal worker. Someone must be paying the outrageous real estate prices within the beltway. Your average federal employee can't afford to do so, regardless of claims about their salaries.

  7. #6
    Points: 665,240, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 90.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Discussion Ender
    Chris's Avatar Senior Member
    Karma
    433309
    Join Date
    Feb 2012
    Posts
    197,544
    Points
    665,240
    Level
    100
    Thanks Given
    31,981
    Thanked 80,898x in 54,716 Posts
    Mentioned
    2011 Post(s)
    Tagged
    2 Thread(s)
    You're right. DC makes more for no useful purpose. Cost of living is like pharmaceutical costs, higher where people have more to spend. It's called regional pricing.

    I don't think the OP article is about the average fed employee, but the ruling class.

  8. #7
    Points: 39,654, Level: 48
    Level completed: 69%, Points required for next Level: 496
    Overall activity: 0.1%
    Achievements:
    VeteranTagger First Class25000 Experience PointsSocial
    waltky's Avatar Senior Member
    Karma
    5662
    Join Date
    Oct 2012
    Posts
    8,859
    Points
    39,654
    Level
    48
    Thanks Given
    2,515
    Thanked 2,140x in 1,616 Posts
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)

    Red face

    Small businesses still slightly down on economy...

    Small businesses remain pessimistic about economy
    11/13/12 - Small businesses became slightly optimistic last month, but still remain largely down on the state of the economy, an industry index said Tuesday.
    The National Federation of Independent Business’ optimism index ticked up to 93.1 in October, an increase of 0.3 points. But the index also found that small-business owners are as uncertain as they’ve ever been about what the future holds, and Bill Dunkelberg, the federation’s chief economist, said "the index still remains in solidly pessimistic—and recessionary territory."

    Small-business owners, like many in Washington, are particularly concerned about the looming “fiscal cliff,” the slew of spending cuts and tax hikes set to go into effect at the beginning of next year. NFIB surveyed owners before November’s election, but Dunkelberg suggested that the results of that election would do little to assuage concerns that a reelected President Obama and Congress can find a solution to the cliff.

    “The election is over and Washington looks much like it did on November 5th,” Dunkelberg said in a statement. “The fear of stalemate among the small-business community is palpable, as the looming fiscal cliff and the threat of higher costs and more taxes are very real possibilities come January.” “Until then,” he added, “not knowing the direction of the economy will always have a dampening impact on spending and hiring.”

    MORE

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts