Been there, done that. How’s Obamanomics working out there for ya?
Lower pay means lower income taxes and lower tax revenue, and lower pay means lower spending. That means lower sales tax revenue.
Pain is going to increase for various levels of government.
The funny thing is this hurts liberals who spend like no tomorrow on credit cards than us conservative freepers who live within our means.
So, how’s that Hope and Change workin’ out for you.
With 2 paycuts since last fall, hubby is now working at 50% what he was a year ago. We are grateful he still has a job, but he’s been looking for another one for over a year, as we saw all this coming. What we are wondering is if business picks up where he works, what are the chances his salary will go back up to where it was? We highly doubt that will happen, now that they know he and others were willing to work for less.
Not so for most other folk where I work.
This government is a malevolent parasite that feeds off our earnings. The more we make, the more they take. At this point, I'm perfectly willing to earn less and reduce my standard of living to help starve it. There is no other solution.
I just lost my six-figure IT job with little prospect of finding another in this market, and I'm ok with that. We're selling our house and going back to renting, after which we will have absolutely zero debt. Our soon-to-be-tiny income will provide virtually no blood for the .GOV to suck, and we'll be down to subsistence-level consumption.
Yeah, it will be a big adjustment, and it will be painful. But this government is a cancer upon our country, and nobody ever said chemotherapy was any fun.
Buy guns and ammunition. Buy storable food and emergency supplies. Be ready for TEOTWAWKI.
Whenever I read stories like this I thank God I’m a federal government employee. I can retire now with a full inflation-indexed pension and government subsidized health insurance for life.