TEA party sign: Reduce government workers by 1/2!
OK by me, but think a minute.
We currently have 15,000,000 unemployed people, and with under-employed it amounts to possibly 15-18% unemployment.
There are also 16,000,000 government workers of all types.
One-half of them laid off as the TEAS want would raise the unemployed rate to about 23-26% of the work force. (23,000,000 unemployed).
That would be instant Depression and the end of the banks for a long while. Afraid tax collection would go to near zero, also!
I know this isn't going to happen for obvious reasons But it points out what crap is said by amateurs when they are the ones who allowed it to happen!
We sat on our duff while Nero fiddled for 10 years! Why? Everyone was fat and happy and didn't try to do anything about obvious credit situations and lengthy wars.
I don't know about you, but currently there is nothing for one to invest their savings into, paying a decent return, to live on. CDs are .8%, not 1%, point 8 tenths percent. he stock market---forget about it! construction? Forget about it. Most other fairly safe things paying 1and2 % return--that is breaking even!
Social Security keeps getting worth less and less to the retired.
These people also preach, "save your money," and you can retire on your own.
Better find some other jobs by the millions instead of adding to the unemployed right now.
Laws do require municipalities, towns, states, etc. to balance their budgets, so either change the law, borrow money, or lay-off.
We are in trouble and have been several years.
These puny "bailouts" are holding us even now, but not for much longer.
Want to buy some federal bonds to cover more money for teachers, cops, firemen, etc., since states can not? I mean those of you with a job, of course.
It pays about 2%, I think. Maybe.