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Treasuries are last place a bank wants to put it's money. Current treasury rates are running .21%. Banks try not to put any more into treasuries than required. At the current rates the return on treasuries is only a small fraction of the banks normal returns.Much of the liquidity being introduced is used by Big Banks to buy Treasuries.
It's a racket.
Are you kidding? The staff are the only people on Capitol Hill that really know what's going on.Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.
It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.
Yep congress should lay off 10% of its staff.
That would be a great start.
The point of her screed was not the expense. Which is always there. most business lives real close to the cost margin. The problem is people do not understand the expenses incurred.
Wages make up less than 1/3 of employee expense in most large businesses. When a worker sees the product costs a bomb and his wages are tiny, he wants to know why. Her point is that she lets the worker know what the expenses are, and it is always a surprise to them how much it costs.
There are lots of employment taxes that regular employees never see, depending on jurisdiction. In Oregon Workers comp is half paid by the employee. In many other places I understand it is entirely the bosses' responsibility. Here in Portland and in Lane County there are Mass Transit Taxes on employee wages paid by the business. In addition there is unemployment insurance In Oregon, it is 4% of wages. Big businesses usually eat the lions share of health insurance. Smaller firms usually make their employees pay more. The bank I used to work at paid 3/4 of health insurance costs. About $550 per month.
So the boss is all bend out of shape because of wage costs and the employee just sees he is getting chicken feed and is wondering why the boss is all emo about it.
Umm, most workers understand about their paycheck deductions, and they know about the employers share of them. Your entire post, when not fictional (ex most big businesses don't pay the lions share of health insurance anymore) is exagerrated.
Firing 10% of lobbyists would be an even better move.
Yep congress should lay off 10% of its staff.
That would be a great start.
Fair enough. Now that the Republicans hold the House and the new tea party members are there to keep them honest we'll see what happens.
Note that Obama has included very expensive items in the budget which Bush did not, so your figures may not be accurate.
Now, there are contracts in force which make reducing the salary of government employees difficult, and given the reaction of 'Wall Street' and its defenders when caping their salaries was suggested, I can't see government employees saying, sure, we'll do it.
Better to raise the income tax, reducing debt and making everyone suffer a bit. Of course that's impossible, no member of congress will ever put their seat at risk in doing the right thing.
Does pork create and or save jobs?
Depends on how you define "pork".
If it's Sarah Palin's "bridge to nowhere", then yes, it's pork.
If it's Republican Senate Leader Mitch McConnell applying for Obama's stimulus money to rebuild a railroad that would connect several cities and bring in thousands of new jobs AFTER the railroad was complete, then no, it's not "pork". It's "rebuilding America's infrastructure to support the creation of jobs".
Did I explain it correctly?
Do I get a
Treasuries are last place a bank wants to put it's money. Current treasury rates are running .21%. Banks try not to put any more into treasuries than required. At the current rates the return on treasuries is only a small fraction of the banks normal returns.Much of the liquidity being introduced is used by Big Banks to buy Treasuries.
It's a racket.
Record profits? Really? Then the recession is over?
Funny how they aren't hiring people. Actually - not funny at all.
And another economic moron sounds off. This wingnut doesn't realize that the recession is over, corporate profits are up, and that unemployment is not a measure of recession.
Different recession classes. The recession for the working class might be finally be nearing the bottom.
The finiancial class define the rules for declaring a recession. and they even fuss somewhat about the definition.
A better solution to printing money to pay back China with cheaper dollars (while destroying the value of the savings of prudent Americans) is to cut spending so we don't need to finance the federal deficit with Chinese Debt.
Great idea! Post where you'll cut, who it will hurt and the long term consequences of the cut.
When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.
Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.
It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.
Are you kidding? The staff are the only people on Capitol Hill that really know what's going on.Yep congress should lay off 10% of its staff.
That would be a great start.
Candidates tells us when they get to Washington, they're going to straighten out the whole mess. Once they get there they're meek as lambs for the first couple of terms taking their marching orders from the party leadership.
No economic genius here. Just a realist. Millions of people out of work; homes foreclosing; empty stores. My husband is in the construction biz. I'm sure there are some industries that fare well during a recession, but none around here. Even the bars. I won't consider the recession over until people are back to work despite what the Ivy Leaguers want us to think.
your life is a fallacy.
What lie? When the govt prints money, it doesn't have to expropriate anything from anyone
You're just getting emotional because you're getting pwned
Hey moron,
What happens to the value of money in terms of purchasing power when government vastly increase the money supply by printing a bunch of currency?
Amazing non-response from the ladies of the conservative. It's so easy for them to post platitudes, not so easy to defend them or provide evidence to support the unproved axioms of the modern conservative.
A better solution to printing money to pay back China with cheaper dollars (while destroying the value of the savings of prudent Americans) is to cut spending so we don't need to finance the federal deficit with Chinese Debt.
Great idea! Post where you'll cut, who it will hurt and the long term consequences of the cut.
When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.
Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.
It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.
The point of her screed was not the expense. Which is always there. most business lives real close to the cost margin. The problem is people do not understand the expenses incurred.
Wages make up less than 1/3 of employee expense in most large businesses. When a worker sees the product costs a bomb and his wages are tiny, he wants to know why. Her point is that she lets the worker know what the expenses are, and it is always a surprise to them how much it costs.
There are lots of employment taxes that regular employees never see, depending on jurisdiction. In Oregon Workers comp is half paid by the employee. In many other places I understand it is entirely the bosses' responsibility. Here in Portland and in Lane County there are Mass Transit Taxes on employee wages paid by the business. In addition there is unemployment insurance In Oregon, it is 4% of wages. Big businesses usually eat the lions share of health insurance. Smaller firms usually make their employees pay more. The bank I used to work at paid 3/4 of health insurance costs. About $550 per month.
So the boss is all bend out of shape because of wage costs and the employee just sees he is getting chicken feed and is wondering why the boss is all emo about it.
Umm, most workers understand about their paycheck deductions, and they know about the employers share of them. Your entire post, when not fictional (ex most big businesses don't pay the lions share of health insurance anymore) is exagerrated.
The big bank I worked for gave an annual report to the workers about how much of their compensation was split up how many ways.
Employees at Big Bank paid a little less tan 25% of the cost of insurance.
And while workers do see the check and the withholding, they don't see the wage cost. They don't see the employers half of FICA and Medicare, they don't see the employers half of Workers comp. They don't see the transit tax or the unemployment tax. They don't get the costs of the HR department and the huge paperwork costs involved. It has been a long time since I saw one of these reports from big bank, so I forget all the government mandated fees and charges involved in hiring someone. So the actual wages the worker gets after all that is a laughably small amount, and the marginal revenue of the next worker has to be pretty substantial to justify hiring him, given the marginal cost.
What lie? When the govt prints money, it doesn't have to expropriate anything from anyone
You're just getting emotional because you're getting pwned
Hey moron,
What happens to the value of money in terms of purchasing power when government vastly increase the money supply by printing a bunch of currency?
What doesn't happen is "expropriation". You know that, which is why you don't dare challenge me on that point. So you're not a moron; You're just dishonest
Great idea! Post where you'll cut, who it will hurt and the long term consequences of the cut.
When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.
Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.
It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.
We added $500 BILLION to our National Debt in fiscal 2007.....I don't think 2007 outlay levels is low enough to help us with our true deficits.
Post where you'll cut, who it will hurt and the long term consequences of the cut.
When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.
Hey moron,
What happens to the value of money in terms of purchasing power when government vastly increase the money supply by printing a bunch of currency?
What doesn't happen is "expropriation". You know that, which is why you don't dare challenge me on that point. So you're not a moron; You're just dishonest
As if.
Please explain what happens to economies when the government prints tons-o-money.
You claim it doesn't expropriate anything, so prove it. Prove that it doesn't damage assets or earning power.
