User Tag List

+ Reply to Thread
Results 1 to 7 of 7

Thread: Washington's Parasitic Economy

  1. #1

    tPF Moderator
    V.I.P
    Points: 501,140, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 100.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Frequent Poster
    Chris's Avatar tPF Moderator
    Karma
    187884
    Join Date
    Feb 2012
    Posts
    103,057
    Points
    501,140
    Level
    100
    Thanks Given
    9,004
    Thanked 24,682x in 18,666 Posts
    Mentioned
    1252 Post(s)
    Tagged
    1 Thread(s)
    Rep Power
    1986

    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 (11-14-2012)

  3. #2

    tPF Moderator
    Original Ranter
    V.I.P
    Points: 751,427, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Discussion Ender
    Peter1469's Avatar tPF Moderator
    Karma
    286439
    Join Date
    Jun 2011
    Location
    Northern VA
    Posts
    111,462
    Points
    751,427
    Level
    100
    Thanks Given
    61,522
    Thanked 44,338x in 31,184 Posts
    Mentioned
    1873 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    2981
    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: 120,364, Level: 84
    Level completed: 23%, Points required for next Level: 2,486
    Overall activity: 2.0%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    7277
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    26,381
    Points
    120,364
    Level
    84
    Thanks Given
    4,411
    Thanked 2,859x in 2,433 Posts
    Mentioned
    16 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    104
    Well at least their Unions will be at odds with each other for a bit.....at least until this election is over.
    Don't only Practice your Art, but force your way into its Secrets, For it and Knowledge can Raise men to the Divine!!!!! Ludwig Van Beethoven ~

  5. #4

    tPF Moderator
    V.I.P
    Points: 501,140, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 100.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Frequent Poster
    Chris's Avatar tPF Moderator
    Karma
    187884
    Join Date
    Feb 2012
    Posts
    103,057
    Points
    501,140
    Level
    100
    Thanks Given
    9,004
    Thanked 24,682x in 18,666 Posts
    Mentioned
    1252 Post(s)
    Tagged
    1 Thread(s)
    Rep Power
    1986
    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

    tPF Moderator
    Original Ranter
    V.I.P
    Points: 751,427, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Discussion Ender
    Peter1469's Avatar tPF Moderator
    Karma
    286439
    Join Date
    Jun 2011
    Location
    Northern VA
    Posts
    111,462
    Points
    751,427
    Level
    100
    Thanks Given
    61,522
    Thanked 44,338x in 31,184 Posts
    Mentioned
    1873 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    2981
    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

    tPF Moderator
    V.I.P
    Points: 501,140, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 100.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Frequent Poster
    Chris's Avatar tPF Moderator
    Karma
    187884
    Join Date
    Feb 2012
    Posts
    103,057
    Points
    501,140
    Level
    100
    Thanks Given
    9,004
    Thanked 24,682x in 18,666 Posts
    Mentioned
    1252 Post(s)
    Tagged
    1 Thread(s)
    Rep Power
    1986
    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: 16,032, Level: 30
    Level completed: 59%, Points required for next Level: 418
    Overall activity: 36.0%
    Achievements:
    VeteranTagger Second Class10000 Experience Points
    waltky's Avatar Senior Member
    Karma
    3502
    Join Date
    Oct 2012
    Posts
    3,259
    Points
    16,032
    Level
    30
    Thanks Given
    433
    Thanked 468x in 403 Posts
    Mentioned
    10 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    42

    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


Critical Acclaim
Single Sign On provided by vBSSO