burrocrat's Account Talk

thank you both for your contributions to the, uh, effort. i'm re-forming my investment strategeries as a result.

new rule one: do not ever invest with a broker named lola.

new rule two: download new background music.
 
I realize this topic has the potential to become political, but I'm more interested in the fiscal ramifications to our country and the economy. So I'll put it here where it can be easily amputated if the contagion spreads.

Unemployment Insurance: individual security or national threat? multiple choice.

Some folks have been out of work and on the UI benefit for about 3 years, yes 3 years. What does that do to a person? What does that do to national competitiveness? or budget?

a) Loss of Skill: If you are unemployed for 3 years there is no way you are a competitive candidate for your old position. If it was a physical job then you've lost the edge and fitness and muscle memory required to properly perform the task. If it was professional then there is no way you are up to speed on current techniques and mental demands of the job. Yet people refuse to take work that they consider beneath them, the old them, that wasn't really competitive anyway or else they wouldn't have lost their jobs. And they get paid for not doing it anyway. Have you ever heard of a solvent insurance scheme that perpetually increases your indemnity because 'that storm was really bad' or 'it's taking longer to fix things'?

b) Loss of Confidence: If you are not contributing near your potential for that long then you lose a sense of purpose and gravitate to the 'new normal' level, including dependence on an outside entity to provide for your needs. That is bad. But if you can pull it off for 3 years plus then maybe it ain't so bad, it's kind of like retirement, and who needs frivilous things like new furniture anyway, this old couch is still pretty comfortable. UI is a soul stealer.

c) Do the math: Spend 300 billion to create a job training program that gets us back up to competitive levels that we paid ourselves 300 billion to underperform for the last 3 years? Are you kidding me? That's like 600 billion down the hole then, and we're still behind.

d) Getting Dizzy: You mean business won't hire unless government 'does this' and government won't kick down unless business 'does that'? Just who's job is it to make everything right and warm and fuzzy anyway? The individual's. We're approaching this from the wrong perspective.

e) Other: Save 300 billion by cutting off all UI benefits over 26 weeks, right now. Well, not right now, that would be mean. But after the next check should give some time to assimilate. One more free banana then you're off the dole. That's it. No more. I garuantee you 90% of those able will find a new job next week, even if it means taking a position that used to be beneath them but isn't anymore. And of the remaining, most will legitimately qualify for some kind of disabled/ineffective benefit paid for out of humanity and duty by those working to those that can't.

Here we are 3 years into a bad deal, and we're still trying to wiggle out of the contract. wtf? Anybody got any ideas? Good thing football starts tonight, I could use a distraction from reality.
 
Sick game being played on the public by our politicians. All this to get what they want and in the end a compromise that does nothing for the American People.
I have two jobs in the wings should downsizing affect me in 2012 plus I can always run my own rig. UI is last resort. If I can't make something happen in 26 weeks I'm not looking to make something happen.

Meanwhile big investment is stealing investors blind. The economy is shrinking, the market is shrinking our TSP, 401K and savings are shrinking.
Big corporations have this country by the throat. Cash is there, they are just sitting on it.
 
I call it we have entered the age of legalized crime. The era of gangsters in 3 piece suits behind a teak desk. Welcome to your nitemare.
 
I call it we have entered the age of legalized crime. The era of gangsters in 3 piece suits behind a teak desk. Welcome to your nitemare.

nightmare? dude that's my wet dream. all i gotta do is find me a 3 peace suit. teak desks are cheap right now.
 
Lets pass a law to take (sorry, tax) all the US businesses to make sure that cash is put to good use. I think that will be just under $2T, which should last the USG about... hmmm 9 months...


THEN WHAT?
 
The problem is not solved by one entity.
1. Business's have a right to make money. There has to be something in it for them. But without a certain amount of National Pride what keeps them from moving off shore. It was an easy choice when the skilled workforce was concentrated here. They have a responsibility to their employees and shareholders to stay competitive.

2. Workers have a right to make a living but your competition pool is much larger. If they don't narrow the gap in Pay & Benefits we will loose every time.

3. The Gov't has a responsibility to not let market become diluted with cheap goods (something they are not very good at)
 
May I be excused please? I have a prior engagement.

Besides, I don't think we know each other well enough to let you hear me curse at C-span in my boxers, yet.
 
Well, I have to say it. I thought that was a good speach.

Only thing that was missing was a 'the buck stops here' sign.

Balls out, laid it on the table, with conviction, we're going to fight, and this is how.

Great performance, about time. And then Kid Rock says we were born free.

Are you ready for some football?
 
I did not stay up to 1am to watch it but I wonder if the reported payroll tax cuts will adversely impact the social security trust fund's theoretical status by bringing forward the date of financially needed changes that will include much more means testing and complete its transformation to a welfare system. No doubt any tax cuts for the workers of the world will remain permanent. I noticed the huffpost columnists liked the speech.
 
Reserving judgement till smarter people than me get a chance to decode it...
Aw phooey. My sarcasm not good. ....There's got to be an impact coming from continuing to waive the SS tax. It will be a "tax increase" if reinstated and thus more means testing on who gets taxed after it is resumed and who gets benefits. If you deserve it, tax continually waived or reduced. If you can afford it, you pay. If you can live without it, less or none in benefits. Sorry.
 
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