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Would you like median income to grow $22,000 and 3.8% unemployment?

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Comments

  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club

    Or perhaps they'd instead credit the Fed's monetary policy and the quantitative easing from 2009-2014 as being far more instrumental in the economy's recovery than any of Obama's fiscal policies.

    Those were some amazing links to factual stats. How about we just add to the $200 trillion IOUs and call it all good?

    What part of everything will be free did you not understand?
  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,171 Founders Club
    HFNY said:

    The Federal Government simply tries to do too much. There are too many departments, too many employees, and much of its spending isn't very efficient. Even though Federal Infrastructure spending lacks great efficiency, it at least has a higher economic multiplier than paying people not to work (Social Security Disability fraud) or giving pap smears to 85 year old women (Medicare churn for more $$$). USPS still loses over $5 billion per year and they've made a few improvements but hasn't stopped Saturday deliveries (no need for them, at least when considering the costs).

    A moderate like Kasich or Bloomberg (maybe even Rubio) should introduce the natural sun-setting of laws so that the outdated ones won't be automatically renewed.

    I appreciate that the Defense Department has been trimming their budget and hope the next President keeps it up because it too is bloated.

    Business tax reform and ending the 2nd home mortgage deduction would be ideal too. Repealing the latter would bring in $10 billion in tax revenues a year and it's something most in DC should support (except for those in vacation / retirement states).

    When will all public employee pensions be eliminated? Never right? They should be forced to fund their own retirements. Look at just the state of Connecticut alone for example.

    • The average Connecticut state government employee in our data sample receives an annual salary of $70,970, plus annual benefits, either received in that year or accrued toward retirement, worth between $54,561 and $75,641, depending upon how future pension benefits are valued. A private sector employee with similar education, experience and other characteristics would receive $71,112 in average annual salary, but only $29,371 in annual benefits. In total, the average Connecticut state employee receives between $125,531 and $146,611 in annual salaries and benefits, versus $96,177 for a comparable private sector employees. On average, Connecticut state employees receive total pay and benefits from 25 to 46 percent higher than comparable private sector employees.

    • Pensions and health coverage are the greatest budgetary burdens of public employee compensation, as well as the elements of compensation that are most generous relative to the private sector. Were the Connecticut state government to pay employees at market levels, it would save between $1.4 billion and $2.5 billion in annual compensation costs.

    • Thus, it seems appropriate that policy reforms focus on making public employee health, pension and retiree health plans fiscally sustainable and competitive with the private sector.

  • 2001400ex
    2001400ex Member Posts: 29,457
    PurpleJ said:

    Or perhaps they'd instead credit the Fed's monetary policy and the quantitative easing from 2009-2014 as being far more instrumental in the economy's recovery than any of Obama's fiscal policies.

    Those were some amazing links to factual stats. How about we just add to the $200 trillion IOUs and call it all good?

    What part of everything will be free for poor folk like me did you not understand?
    FIFY
  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,171 Founders Club
    PurpleJ said:

    Or perhaps they'd instead credit the Fed's monetary policy and the quantitative easing from 2009-2014 as being far more instrumental in the economy's recovery than any of Obama's fiscal policies.

    Those were some amazing links to factual stats. How about we just add to the $200 trillion IOUs and call it all good?

    What part of everything will be free did you not understand?
    If that communist ever wins, I'm going straight to a Ben and Jerry's location and demand free ice cream.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club
    Why drive all the way to Vermont? Just go to the local store and grab it off the shelf. Make sure you introduce yourself to the store manager on the way out before kicking him in the balls and taking his wallet.
  • Kaepsknee
    Kaepsknee Member Posts: 14,913
    PurpleJ said:

    Why drive all the way to Vermont? Just go to the local store and grab it off the shelf. Make sure you introduce yourself to the store manager on the way out before kicking him in the balls and taking his wallet.

    Well... being the greedy capitalist that the shop owner is, he'd deserve it.