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Lowering the deficit caused by spending too much.
It depends.. because cutting foolishly could lead to greater deficit.
Lowering the deficit caused by spending too much.
Lowering the deficit caused by spending too much.
Three, unless you can demonstrate the economic benefit of a lower deficit, you still haven't answered my question.
A lower deficit could prevent crowding out of private money with public money.
A lower deficit could prevent overheating of an economy and another boom/bust cycle.
A lower deficit could allow you greater latitude to increase deficit spending in times when necessary..
A lower deficit could also make me 40 lbs. lighter and change my gray hair back to brown again. See how easy it is to claim things without demonstrating them?
I have written at some length about all of your claims above, and why they are unsupported at best, and flat out incorrect at worst. One-sentence claims hold zero weight with me.
One, raises for federal employees are a drop in the bucket compared to the tax cuts.
Two, the tax cuts are going to result in higher deficits and higher national debt. They always do.
Three, unless you can demonstrate the economic benefit of a lower deficit, you still haven't answered my question.
The burgeoning federal debt over the coming decades
would have these effects:
• Reduce national saving and income in the long term;
• Increase the government’s interest costs, putting more
pressure on the rest of the budget;
• Limit lawmakers’ ability to respond to unforeseen
events; and
• Increase the likelihood of a fiscal crisis, a situation in
which the interest rate on federal debt rises abruptly,
dramatically increasing the cost of government
borrowing
It depends.. because cutting foolishly could lead to greater deficit.
First, every drop counts as less taxes I have to pay. B, taking less money from people is not spending and thus doesnt increase the deficit or debt, and never has.
And A: The economic benefit is less debt and thus wastage on interest and more flexibility, and thus more growth, wealth, and success.
Trump cancels pay raise due to federal workers in January
Happy Labor Day, federal workers!
Is there any doubt that Trump is not the populist that he claims to be? He lowers taxes on the rich and corporations and then stops an automatic pay increase to federal workers, to try to mitigate the budget gap -- except that freezing these salaries don't come closing the gap.
Oh, and federal employee compensation is dominated by defense, veterans affairs, and homeland security. Spiting those workers means spiting the military and veterans, while shortchanging national security.
According to the Federal Reserve, there are 2.7 million federal employees. The population of the U.S. is 320 million. That means that federal employees are 0.84% -- not 10% of the population. Perhaps you meant to include state and local government? If so, those are mostly school teachers and police. Is that really where you want to reduce the size of government?This might actually backfire because this will result in higher turnover and replacing more productive workers with less productive workers. This may actually increase costs overall and make the government even more wasteful and inefficient. A better solution is to eliminate government programs and reduce the size of the government workforce which is now 10% of the entire economy.
According to the Federal Reserve, there are 2.7 million federal employees. The population of the U.S. is 320 million. That means that federal employees are 0.84% -- not 10% of the population. Perhaps you meant to include state and local government? If so, those are mostly school teachers and police. Is that really where you want to reduce the size of government?
On the whole topic of reducing the size of government, as I've said many times here, your federal government is basically an insurance company with an army. The vast bulk of its spending goes to the big five: Social Security, Medicare, Medicaid, defense, and interest on the debt.
The amounts spent on anything remotely resembling entire programs that are a waste is a rounding error on a rounding error. It’s just not what your government does on any significant scale.
And if you want smaller government, either you’re talking about cuts in the big five, or you have no idea what you’re talking about.
Horror! 50% of the economy going to the government -- while the government provides free health care; a strong safety net; free college; maternity or paternity leave, and generous elder care. Sounds like hell.So you think its ok that the workers support the other 10% of the population, the old people, and the poor? If we keep this up we will be like Europe where 50% of the economy goes to the government.
Trump cancels pay raise due to federal workers in January
Happy Labor Day, federal workers!
Is there any doubt that Trump is not the populist that he claims to be? He lowers taxes on the rich and corporations and then stops an automatic pay increase to federal workers, to try to mitigate the budget gap -- except that freezing these salaries don't come closing the gap.
Oh, and federal employee compensation is dominated by defense, veterans affairs, and homeland security. Spiting those workers means spiting the military and veterans, while shortchanging national security.
That was due to inflation being almost nothing. Inflation is creeping up.
Federal employees are being denied merit raises as well.
Civil service was created to oppose corrupt practices, including rewarding pet employees while punishing others. Most employees can't be objectively rated to measure merit and therefore the system will be subjective, encouraging the corruption that I mentioned.It's popular with me to do merit based pay. I'm sure anyone who is not a union slacky, or supports union slackers, agrees.
It's popular with me to do merit based pay. I'm sure anyone who is not a union slacky, or supports union slackers, agrees.
You "think" that? Have you read that, or did that come to you somehow? I have no knowledge of Trump releasing that idea.I think president Trump wants to replace automatic raises with merit based raises.
Civil service was created to oppose corrupt practices, including rewarding pet employees while punishing others. Most employees can't be objectively rated to measure merit and therefore the system will be subjective, encouraging the corruption that I mentioned.
I'm in a union. We are measurably better at what we do than non union people doing the same work.
So that would BE merit pay, wouldn't it?
You "think" that? Have you read that, or did that come to you somehow? I have no knowledge of Trump releasing that idea.
And since when are government employees entitled to tax payers dollars over the tax payer?
You do realize that federal "government" employees pay federal taxes. They are tax payers.
It's popular with me to do merit based pay. I'm sure anyone who is not a union slacky, or supports union slackers, agrees.
Yes, but would they be able to support their own wages if they were the only tax payers?