Forum Replies Created
-
AuthorPosts
-
brose
ParticipantAn unmentioned part of this new proposal is the huge, new beauracracy that will be created to regulate Fannie/Freddie and to “monitor” this program. You’re talking at a minimum of 100 new hires (easily could go up to 500 by the time we’re done), in DC of about $100k each on average (benefits for a federal employee will run about 27% of pay). Plus new computers, supplies, etc., you’re easily topping over $11-15M per year, and that’s a minimum. I think a more accurate figure is about $75M for a new department budget. Per year. But thats less than 1% of the budget, so by DC standards, that’s efficiency.
ParticipantAn unmentioned part of this new proposal is the huge, new beauracracy that will be created to regulate Fannie/Freddie and to “monitor” this program. You’re talking at a minimum of 100 new hires (easily could go up to 500 by the time we’re done), in DC of about $100k each on average (benefits for a federal employee will run about 27% of pay). Plus new computers, supplies, etc., you’re easily topping over $11-15M per year, and that’s a minimum. I think a more accurate figure is about $75M for a new department budget. Per year. But thats less than 1% of the budget, so by DC standards, that’s efficiency.
ParticipantAn unmentioned part of this new proposal is the huge, new beauracracy that will be created to regulate Fannie/Freddie and to “monitor” this program. You’re talking at a minimum of 100 new hires (easily could go up to 500 by the time we’re done), in DC of about $100k each on average (benefits for a federal employee will run about 27% of pay). Plus new computers, supplies, etc., you’re easily topping over $11-15M per year, and that’s a minimum. I think a more accurate figure is about $75M for a new department budget. Per year. But thats less than 1% of the budget, so by DC standards, that’s efficiency.
ParticipantAn unmentioned part of this new proposal is the huge, new beauracracy that will be created to regulate Fannie/Freddie and to “monitor” this program. You’re talking at a minimum of 100 new hires (easily could go up to 500 by the time we’re done), in DC of about $100k each on average (benefits for a federal employee will run about 27% of pay). Plus new computers, supplies, etc., you’re easily topping over $11-15M per year, and that’s a minimum. I think a more accurate figure is about $75M for a new department budget. Per year. But thats less than 1% of the budget, so by DC standards, that’s efficiency.
ParticipantI don’t disagree with your assessment of attacking Iran, it would most likely lead to WWIII. But if a very targeted attack were to happen (as is Israel’s MO in the past), the oil production would not stop completely. Iran depends on oil just as much as we do, if not more so. Matter of fact, they are a huge importer of gasoline since their refining capacity isn’t much better than ours. Israel would attack their military, not the oil production. And their productions is just over 3 billion barrels/day, and while this is a large amount, it’s bump if taken totally off-line would be about $10 per barrel. I’d worry more about the impacts of pissing off China and Russia.
ParticipantI don’t disagree with your assessment of attacking Iran, it would most likely lead to WWIII. But if a very targeted attack were to happen (as is Israel’s MO in the past), the oil production would not stop completely. Iran depends on oil just as much as we do, if not more so. Matter of fact, they are a huge importer of gasoline since their refining capacity isn’t much better than ours. Israel would attack their military, not the oil production. And their productions is just over 3 billion barrels/day, and while this is a large amount, it’s bump if taken totally off-line would be about $10 per barrel. I’d worry more about the impacts of pissing off China and Russia.
ParticipantI don’t disagree with your assessment of attacking Iran, it would most likely lead to WWIII. But if a very targeted attack were to happen (as is Israel’s MO in the past), the oil production would not stop completely. Iran depends on oil just as much as we do, if not more so. Matter of fact, they are a huge importer of gasoline since their refining capacity isn’t much better than ours. Israel would attack their military, not the oil production. And their productions is just over 3 billion barrels/day, and while this is a large amount, it’s bump if taken totally off-line would be about $10 per barrel. I’d worry more about the impacts of pissing off China and Russia.
ParticipantI don’t disagree with your assessment of attacking Iran, it would most likely lead to WWIII. But if a very targeted attack were to happen (as is Israel’s MO in the past), the oil production would not stop completely. Iran depends on oil just as much as we do, if not more so. Matter of fact, they are a huge importer of gasoline since their refining capacity isn’t much better than ours. Israel would attack their military, not the oil production. And their productions is just over 3 billion barrels/day, and while this is a large amount, it’s bump if taken totally off-line would be about $10 per barrel. I’d worry more about the impacts of pissing off China and Russia.
ParticipantI don’t disagree with your assessment of attacking Iran, it would most likely lead to WWIII. But if a very targeted attack were to happen (as is Israel’s MO in the past), the oil production would not stop completely. Iran depends on oil just as much as we do, if not more so. Matter of fact, they are a huge importer of gasoline since their refining capacity isn’t much better than ours. Israel would attack their military, not the oil production. And their productions is just over 3 billion barrels/day, and while this is a large amount, it’s bump if taken totally off-line would be about $10 per barrel. I’d worry more about the impacts of pissing off China and Russia.
ParticipantYou would be surprised…I work for a local city, and while we revised our taxable sales downward six months ago, things are holding steady. Almost everyone thought we’d have to lower expectations a second time, which would’ve been real bad news. But for the most part, whether they’re putting it on credit or not, people are spending. Those sectors taking a hit: furniture stores and auto dealerships. Those doing well: big box retailers (mostly) and grocery stores.
And that Costco in Temecula, just go there at 5:30 after work and see how many are lining up for gas.ParticipantYou would be surprised…I work for a local city, and while we revised our taxable sales downward six months ago, things are holding steady. Almost everyone thought we’d have to lower expectations a second time, which would’ve been real bad news. But for the most part, whether they’re putting it on credit or not, people are spending. Those sectors taking a hit: furniture stores and auto dealerships. Those doing well: big box retailers (mostly) and grocery stores.
And that Costco in Temecula, just go there at 5:30 after work and see how many are lining up for gas.ParticipantYou would be surprised…I work for a local city, and while we revised our taxable sales downward six months ago, things are holding steady. Almost everyone thought we’d have to lower expectations a second time, which would’ve been real bad news. But for the most part, whether they’re putting it on credit or not, people are spending. Those sectors taking a hit: furniture stores and auto dealerships. Those doing well: big box retailers (mostly) and grocery stores.
And that Costco in Temecula, just go there at 5:30 after work and see how many are lining up for gas.ParticipantYou would be surprised…I work for a local city, and while we revised our taxable sales downward six months ago, things are holding steady. Almost everyone thought we’d have to lower expectations a second time, which would’ve been real bad news. But for the most part, whether they’re putting it on credit or not, people are spending. Those sectors taking a hit: furniture stores and auto dealerships. Those doing well: big box retailers (mostly) and grocery stores.
And that Costco in Temecula, just go there at 5:30 after work and see how many are lining up for gas.ParticipantYou would be surprised…I work for a local city, and while we revised our taxable sales downward six months ago, things are holding steady. Almost everyone thought we’d have to lower expectations a second time, which would’ve been real bad news. But for the most part, whether they’re putting it on credit or not, people are spending. Those sectors taking a hit: furniture stores and auto dealerships. Those doing well: big box retailers (mostly) and grocery stores.
And that Costco in Temecula, just go there at 5:30 after work and see how many are lining up for gas. -
AuthorPosts