User Tag List

+ Reply to Thread
Results 1 to 7 of 7

Thread: Washington's Parasitic Economy

  1. #1
    Points: 180,941, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive1 year registered50000 Experience PointsTagger First Class
    Awards:
    Activity Award
    Chris's Avatar Senior Member
    Karma
    25706
    Join Date
    Feb 2012
    Posts
    53,504
    Points
    180,941
    Level
    100
    Thanks Given
    3,890
    Thanked 9,772x in 7,650 Posts
    Mentioned
    524 Post(s)
    Tagged
    1 Thread(s)
    Rep Power
    313

    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: 220,906, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 95.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Discussion Ender
    Peter1469's Avatar Moderator Representative
    Karma
    49565
    Join Date
    Jun 2011
    Location
    Northern VA
    Posts
    47,187
    Points
    220,906
    Level
    100
    Thanks Given
    20,528
    Thanked 15,038x in 10,976 Posts
    Mentioned
    980 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    546
    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: 82,214, Level: 69
    Level completed: 91%, Points required for next Level: 236
    Overall activity: 0%
    Achievements:
    SocialRecommendation Second Class1 year registeredOverdriveTagger First Class50000 Experience Points
    MMC's Avatar Banned
    Karma
    2528
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    22,709
    Points
    82,214
    Level
    69
    Thanks Given
    3,227
    Thanked 1,662x in 1,465 Posts
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    0
    Well at least their Unions will be at odds with each other for a bit.....at least until this election is over.

  5. #4
    Points: 180,941, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive1 year registered50000 Experience PointsTagger First Class
    Awards:
    Activity Award
    Chris's Avatar Senior Member
    Karma
    25706
    Join Date
    Feb 2012
    Posts
    53,504
    Points
    180,941
    Level
    100
    Thanks Given
    3,890
    Thanked 9,772x in 7,650 Posts
    Mentioned
    524 Post(s)
    Tagged
    1 Thread(s)
    Rep Power
    313
    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: 220,906, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 95.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Discussion Ender
    Peter1469's Avatar Moderator Representative
    Karma
    49565
    Join Date
    Jun 2011
    Location
    Northern VA
    Posts
    47,187
    Points
    220,906
    Level
    100
    Thanks Given
    20,528
    Thanked 15,038x in 10,976 Posts
    Mentioned
    980 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    546
    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: 180,941, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive1 year registered50000 Experience PointsTagger First Class
    Awards:
    Activity Award
    Chris's Avatar Senior Member
    Karma
    25706
    Join Date
    Feb 2012
    Posts
    53,504
    Points
    180,941
    Level
    100
    Thanks Given
    3,890
    Thanked 9,772x in 7,650 Posts
    Mentioned
    524 Post(s)
    Tagged
    1 Thread(s)
    Rep Power
    313
    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: 1,724, Level: 9
    Level completed: 58%, Points required for next Level: 126
    Overall activity: 52.0%
    Achievements:
    7 days registered1000 Experience Points
    waltky's Avatar Senior Member
    Karma
    355
    Join Date
    Oct 2012
    Posts
    352
    Points
    1,724
    Level
    9
    Thanks Given
    204
    Thanked 46x in 40 Posts
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    6

    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


Forum Topsite Critical Acclaim
Single Sign On provided by vBSSO