Posted on 04/03/2010 6:16:47 AM PDT by jmaroneps37
Are you a government worker? You obviously missed the entire point of the letter.
Bartolin doesn't understand that the reason people get into the government racket is precisely because they don't want to be bothered with operating like the private sector.
They raise taxes and live like kings, its like the Cosa Nostra.
When times get tough they may lay off a few people, but operate like the private sector?
That's preposterous, that would mean they couldn't have 69-81 people doing the work of 9.
Where would be the fun in that?
ping
Check #11
The answer is yes and they fit the profile of fed worker from smug arrogance to not so bright as this thread proves.
It was that firing that put the USSR on alert that this man meant business...Some soviet big wig made that statement after the fall of the soviet union...
Once upon a time, they were. You can thank the liberals for making unionization of gov't employees legal, and all the problems that have (and will) arise from that.
Yes they can. The mechanism is called "issuing bonds". How do you think California got into the mess it is???
Remember the Wiemar Republic? You live in a fantasy world.
Issuing bonds is BORROWING money, not printing it. Geez...
When Rats turn on unions we know the days of both are numbered....
The amount of extra money the Treasury would have to print to fund all federal pensions is tiny compared to the total money supply, so no significant (or probably even measurable) inflation would result.
It’s really a moot point, though, because federal pensions are already funded.
It is long since past time that the NLRA was repealed, root and branch, and unions reverted to what they should have been treated as all along - a partnership formed by and among the members thereof, for the purpose of carrying on a trade or business for profit as co-owners thereof - and for which a vast body of law already exists that would streamline the reversion of unions back to the partnership form of entity without too much upset (other than the fact that they’d now have to prove themselves worthy of their continued existence as they’d no longer be able to use the heavy hammer of the state’s power to bash their private enterprise counterparts over the head).
Good news, as far as it goes. Unfortunately, it only comes to this when the scumbag politicians have maxed out the government credit cards and raped every last penny they can get away with from normal, hardworking taxpayers. And even then, they only do the minimum necessary to stay afloat long enough for the credit card limit to get raised and find creative new ways to confiscate more money from normal, hardworking taxpayers.
With that attitude I’m almost hoping you lose it.
Creating credit is creating money...same thing. Conversely, when debtors default, the money supply is reduced. You seem to be stuck on the idea of physical paper currency as the only form of money.
Not when you include military retirements, VA care, health expenses...
Entitlement recipients wildly outnumber bureaucrats. If you think for one minute the public starved for cash won't throw you under the bus first, you're psychotic. It's already happening at the edges.
If the end result is that to bonds can't be redeemed and the debt has to be liquidated, it is the same. Bonds and dollars are both just paper, backed by the promise to repay. That you don't understand this is a BIG part of the problem.
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