Home › Forums › Financial Markets/Economics › Will the next “bad event” happen in the gov sector ?
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equalizer.
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December 4, 2009 at 4:52 PM #490357December 5, 2009 at 1:08 PM #490446
GH
ParticipantI agree the Feds will step in where States are concerned, however if steps are not taken to cut costs – that means giant cuts in K-12, prisons and the elimination of at least 1/3 of state and municipal administrative staff, along with a substantial reduction in promised retirement benefits, it will only delay a bigger inevitable.
Governments tend to grant larger retirements in lieu of salaries as a form of borrowing. With the advent of extreme deflation, these expectations will also need to be adjusted, or the money printed and all that follows…
I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).
December 5, 2009 at 1:08 PM #491315ParticipantI agree the Feds will step in where States are concerned, however if steps are not taken to cut costs – that means giant cuts in K-12, prisons and the elimination of at least 1/3 of state and municipal administrative staff, along with a substantial reduction in promised retirement benefits, it will only delay a bigger inevitable.
Governments tend to grant larger retirements in lieu of salaries as a form of borrowing. With the advent of extreme deflation, these expectations will also need to be adjusted, or the money printed and all that follows…
I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).
December 5, 2009 at 1:08 PM #490612ParticipantI agree the Feds will step in where States are concerned, however if steps are not taken to cut costs – that means giant cuts in K-12, prisons and the elimination of at least 1/3 of state and municipal administrative staff, along with a substantial reduction in promised retirement benefits, it will only delay a bigger inevitable.
Governments tend to grant larger retirements in lieu of salaries as a form of borrowing. With the advent of extreme deflation, these expectations will also need to be adjusted, or the money printed and all that follows…
I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).
December 5, 2009 at 1:08 PM #490995ParticipantI agree the Feds will step in where States are concerned, however if steps are not taken to cut costs – that means giant cuts in K-12, prisons and the elimination of at least 1/3 of state and municipal administrative staff, along with a substantial reduction in promised retirement benefits, it will only delay a bigger inevitable.
Governments tend to grant larger retirements in lieu of salaries as a form of borrowing. With the advent of extreme deflation, these expectations will also need to be adjusted, or the money printed and all that follows…
I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).
December 5, 2009 at 1:08 PM #491083ParticipantI agree the Feds will step in where States are concerned, however if steps are not taken to cut costs – that means giant cuts in K-12, prisons and the elimination of at least 1/3 of state and municipal administrative staff, along with a substantial reduction in promised retirement benefits, it will only delay a bigger inevitable.
Governments tend to grant larger retirements in lieu of salaries as a form of borrowing. With the advent of extreme deflation, these expectations will also need to be adjusted, or the money printed and all that follows…
I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).
December 5, 2009 at 2:02 PM #491098patientrenter
Participant[quote=GH]…I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).[/quote]
And that US federal govt would have its purse strings controlled by… more politicians (in Congress). This will end up with a lot more printed money, not much tightening of spending. It’s been that way for 100 years. It’s not going to change now.
December 5, 2009 at 2:02 PM #491330Participant[quote=GH]…I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).[/quote]
And that US federal govt would have its purse strings controlled by… more politicians (in Congress). This will end up with a lot more printed money, not much tightening of spending. It’s been that way for 100 years. It’s not going to change now.
December 5, 2009 at 2:02 PM #490461Participant[quote=GH]…I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).[/quote]
And that US federal govt would have its purse strings controlled by… more politicians (in Congress). This will end up with a lot more printed money, not much tightening of spending. It’s been that way for 100 years. It’s not going to change now.
December 5, 2009 at 2:02 PM #491010Participant[quote=GH]…I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).[/quote]
And that US federal govt would have its purse strings controlled by… more politicians (in Congress). This will end up with a lot more printed money, not much tightening of spending. It’s been that way for 100 years. It’s not going to change now.
December 5, 2009 at 2:02 PM #490627Participant[quote=GH]…I just cannot see any politician making these tough decisions, so my guess the decisions will be made for them (US).[/quote]
And that US federal govt would have its purse strings controlled by… more politicians (in Congress). This will end up with a lot more printed money, not much tightening of spending. It’s been that way for 100 years. It’s not going to change now.
December 5, 2009 at 2:15 PM #491015Arraya
Participant[quote=patientrenter][quote=GH].. It’s been that way for 100 years. It’s not going to change now.[/quote]
Cow says to the turkey “don’t go over there the farmer is going to kill you.”
Turkey says “your crazy I always get fed, now just shut up”
Next Day
Cow says to the turkey “Don’t go over there, you are going to get killed”
Turkey says to cow “Would you shut up, it is always the same. I get fed everyday. It’s been like that as long as I can remember. Now please mind your business
The next day is Thanksgiving
December 5, 2009 at 2:15 PM #490632Participant[quote=patientrenter][quote=GH].. It’s been that way for 100 years. It’s not going to change now.[/quote]
Cow says to the turkey “don’t go over there the farmer is going to kill you.”
Turkey says “your crazy I always get fed, now just shut up”
Next Day
Cow says to the turkey “Don’t go over there, you are going to get killed”
Turkey says to cow “Would you shut up, it is always the same. I get fed everyday. It’s been like that as long as I can remember. Now please mind your business
The next day is Thanksgiving
December 5, 2009 at 2:15 PM #491103Participant[quote=patientrenter][quote=GH].. It’s been that way for 100 years. It’s not going to change now.[/quote]
Cow says to the turkey “don’t go over there the farmer is going to kill you.”
Turkey says “your crazy I always get fed, now just shut up”
Next Day
Cow says to the turkey “Don’t go over there, you are going to get killed”
Turkey says to cow “Would you shut up, it is always the same. I get fed everyday. It’s been like that as long as I can remember. Now please mind your business
The next day is Thanksgiving
December 5, 2009 at 2:15 PM #490466Participant[quote=patientrenter][quote=GH].. It’s been that way for 100 years. It’s not going to change now.[/quote]
Cow says to the turkey “don’t go over there the farmer is going to kill you.”
Turkey says “your crazy I always get fed, now just shut up”
Next Day
Cow says to the turkey “Don’t go over there, you are going to get killed”
Turkey says to cow “Would you shut up, it is always the same. I get fed everyday. It’s been like that as long as I can remember. Now please mind your business
The next day is Thanksgiving
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