There will be no cuts and federal workers won’t be fired but they will get a raise. All obama has to do is sign an EO and it becomes law. Then Bernanke prints money and they all get a raise. What they’re too damn dumb to understand is that they will get more dollars, but the dollars won’t buy as much. But, hey, they work for the government. They don’t have to be smart.
A guy I know was at a gov’t construction site for the Monday morning meeting. The gov’t project manager was pleading (can’t demand or yell - the union would nail him for harassment) with his workers to work harder. “If you guys can just give me 4 good hours every day we’ll be back on track in 6 weeks!”. (They “work” four 10-hour days!) So out of forty hours a week, the manager has to PLEA for an honest 16 hours of work - and no doubt didn’t get it.
Hmmm. Sounds to me like the FED needs to lay off half their workers. Or more. Seriously.
Pretty broad brush there, Terry: you might be surprised to learn that federal employees are pretty much a cross-section of the society they work for. Some smart, some dumb, and most somewhere in the middle. Most are thankful to have their job and are fearful of losing it when the train wreck happens. Many—most, even—are not supporters of the current administration. At least that’s so in the defense sector.
Amd most understand inflation as well as you do and decry Bernanke’s “QE2” BS,
TC