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Federal Deficit Declines During Shutdown (CDS Prices Rise Slightly .. To April Levels)
Confounded Interest ^ | 10/03/2013 | Anthony B. Sanders

Posted on 10/03/2013 12:24:37 PM PDT by whitedog57

Well, there is good news in the government shutdown. The Federal budget deficit is DECREASING in real time. See here.

usdebtclocjk100313

This comes on top of the news that many Federal employees are non-essential. This comes from AP.

In general, about 60 percent of the 2.1 million federal workforce is still working during the shutdown. But some not-so-loved federal agencies can’t even muster 10 percent on the essential meter.

The Environmental Protection Agency, often a whipping boy for Republicans in Congress, has only 6 percent of its workers listed as essential. So does the Department of Housing and Urban Development.

Ever the decimal counters, the Internal Revenue Service has only 9.3 percent working during the shutdown.

On the low side of the essential ranking, you can find the departments of Education (10 percent), Treasury (18 percent), Interior (20 percent), and Labor (22 percent).

US 5 year credit default swaps (CDS) have risen slightly on government default fears. Back to April 2013 levels.

uscde100313

In fact, the 5 year US CDS is below the average since 2008. Hardly a reason to quiver.

uscds2008

Treasury Secretary Jacob Lew has joined the ranks of the “They Live” cast by casting dire warnings if Congress doesn’t do EXACTLY what President Obama and “Dirty” Harry Reid order them to do.

theylivw

In other words, there is no real threat of a default despite the saber rattling by the Obama Administration. It is all Kabuki theater.

Here is Senate Majority Leader Harry Reid (D-NV) on the Senate floor telling Republicans to “obey.”

TheyLive1041111


TOPICS:
KEYWORDS: hud; nasa; obamacare; shutdown
Even government admits that HUD, NASA, Education, EPA are mostly non-essential driftwood.
1 posted on 10/03/2013 12:24:37 PM PDT by whitedog57
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To: whitedog57

Been saying for quite a long time that about 90 percent of the federal gub mint is absolutely worthless along with their employees.


2 posted on 10/03/2013 12:27:56 PM PDT by Joe Boucher ((FUBO) ( Hey Rubio, eat pooh pal))
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To: whitedog57

They made an error with “Education” and put a “1” on the number.


3 posted on 10/03/2013 12:31:53 PM PDT by albie
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To: whitedog57

Don’t really need either one.


4 posted on 10/03/2013 12:42:45 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: whitedog57

We don’t use “essential” and “Non-essential” any more.

It’s “exempt” and “nonexempt”. A bit less insulting.


5 posted on 10/03/2013 12:46:31 PM PDT by Not A Snowbird (The Cardinals chose wisely.)
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To: whitedog57

All of those numbers are too high...


6 posted on 10/03/2013 12:48:20 PM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: albie

That’s what I was about to say.


7 posted on 10/03/2013 12:54:26 PM PDT by darkangel82
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To: Joe Boucher

If it goes on too long, more people will realize this. That’s what got the democrats and most republicans scared sh1tless.


8 posted on 10/03/2013 12:56:07 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Secret Agent Man

Yes, what they fear most is their, and their god’s,

irrelevance

to people’s everyday lives.


9 posted on 10/03/2013 12:58:01 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: SandyInSeattle

>> We don’t use “essential” and “Non-essential” any more.

>> It’s “exempt” and “nonexempt”. A bit less insulting.

Actually, the two groupings are not the same. The exempt/non-exempt categorization refers to whether the employee slot is exempt or not from the Fair Labor Standards Act (FLSA). The breakdown will often, but not necessarily fall along the lines of wage grade versus professional grade (i.e., unionized vs. non-unionized). Indeed, a different rule book applies to the categories, but it is not necessarily the same as essential vs. non-essential.


10 posted on 10/03/2013 1:17:39 PM PDT by XEHRpa
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To: whitedog57

People put too much emphasis on the terms essential and non-essential. As regards Federal government jobs, they really do not mean what you think they mean. More often than not they refer to the type of funding that pays for a given position NOT the importance of the work. That is why they use the term “exempt” now.

In DOD there are many “non essential” personnel who have been sent home and whose job entails important mission critical work for National Defense.


11 posted on 10/03/2013 1:18:48 PM PDT by XRdsRev (New Jersey - Crossroads of the American Revolution)
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To: Secret Agent Man

“Deficit declining”; “Almost everything running and smoothly”
some of the threads here.
I’m thinking we tell the “non-essential” federals to go out and find real jobs, like the rest of America.
And job audits for their remaining supervisors.


12 posted on 10/03/2013 1:20:39 PM PDT by tumblindice (America's founding fathers: All armed conservatives.)
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To: whitedog57

EPA, HUD, Education...? None of them are essential.


13 posted on 10/03/2013 2:03:47 PM PDT by familyop
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To: tumblindice

Many government positions seem to be make-work for slackers, malcontents and losers...positions at all levels up to and including the Presidency.


14 posted on 10/03/2013 2:05:26 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: whitedog57

Notice how things are running so smoothly with 40% of the Federal Government non-essential .... couldn’t have legislated a better result to improve efficiency and reduce waste in government!!!!


15 posted on 10/03/2013 2:36:12 PM PDT by RetiredTexasVet (A civilian forece funded and equal to the military ... Obama/DHS & Hitler/Gestapo & Stalin/KGB)
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To: whitedog57

In fact, I can just imagine these “non-essential” administrators, regulators or enforcers at home yelling at their spouses, beating their kids and kicking the dog out of frustration, loss of total control, and just general spite at the infamous “Tea Party Terrorists”. After a couple of weeks we will have furloughed administrators, regulators and enforcers “going postal” and initiating widespread massacres.


16 posted on 10/03/2013 2:40:05 PM PDT by RetiredTexasVet (A civilian forece funded and equal to the military ... Obama/DHS & Hitler/Gestapo & Stalin/KGB)
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To: whitedog57

Federal employees are being told how to apply for unemployment benefits during the shutdown!


17 posted on 10/03/2013 4:07:49 PM PDT by Renegade
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks whitedog57.

IRS Sued By The National Organization For Marriage For Leaking Tax Information
Townhall.com | October 3, 2013 | C. J Ciaramella
Posted on 10/03/2013 12:29:27 PM PDT by Kaslin
http://www.freerepublic.com/focus/news/3074477/posts


18 posted on 10/03/2013 4:12:23 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: XEHRpa

No, I know what you mean with exempt/nonexempt for FLSA, but this is a different categorization.

I just went through managing the furlough for my field office. “Exempt” refers to activities that were for protection of life and property and revenue generating activities related to them. FLSA had nothing to do with it.


19 posted on 10/03/2013 4:18:51 PM PDT by Not A Snowbird (The Cardinals chose wisely.)
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To: RetiredTexasVet

I’m furloughed. I haven’t kicked my dog yet or screamed at my husband, and I doubt I’ll start. I understand what’s happening here and I stand with Senator Cruz.


20 posted on 10/03/2013 4:21:15 PM PDT by Not A Snowbird (The Cardinals chose wisely.)
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