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Or you can now use TapaTalk again!Monthly return rate - G
- Thread starter Frixxxx
- Start date
Frixxxx
Moderator
A .375% pop whooo hooo!
Thanks Skidog official from site:
Interest Rate: The current rate for new loans is 1.750%, which is the current G Fund interest rate.
RealMoneyIssues
Well-known member
Glad I am in G now. Maybe I will keep my money and make 2% this year...
RealMoneyIssues
Well-known member
Naw, don't worry about it. They will just find more revenue...
Boghie
Well-known member
RMI, I think the time of pulling leaves off the money tree are behind us. We are in a time of pain.
The interest rate for the 'G Fund' is now: 2.125%.
That dramatically raises the borrowing cost for a broke entity that borrows 30% of its day to day expenditures. An entity that has not paid a dime toward principle for fifty years (yes, that includes the Great Clinton Era where we 'borrowed' from our pension to make it look like we had money). Yowser. Winter is coming...
RealMoneyIssues
Well-known member
Then I guess its time to raise taxes again. It worked this last time, there are plenty more of the 1% that need to pay their fair share.
Boghie
Well-known member
Nope RMI...
They gotta raise taxes on you to make a difference. They have already raised them on the 1%'ers. Gotta get it from me and you...
By the way, the Monthly Treasury Statement is projecting more Federal Revenue in FY2013 than ever before in American history. Why raise taxes? Is every dollar sacred? The Top 1% tax increase was projected in increase revenue by about $70 Billion per year out of a deficit exceeding $1,000 Billion.
The 'Gubmint Maw Needs You' if you want them to keep spending as they have. Maybe you could just fill out a 1040EZ form next year and pay your fair share!!! Don't bother with any write-offs - simplify your life!!!
RealMoneyIssues
Well-known member
I have to pay off my Corporate slave masters first, then I will consider sending all my left over to the IRS. They have to know how to spend all this excess more than I can. Have you seen all the great things they have done for the poor and unfortunate?
Thanks for the great idea!!
Boghie
Well-known member
Do I detect a little snark RMI? I thought I got you. Wasn't certain though. You are playing it very well
RealMoneyIssues
Well-known member
Do I detect a little snark RMI? I thought I got you. Wasn't certain though. You are playing it very well
No play, James and FWM have convinced me of my evil, greedy, uncompassionate conservative ways... I could file bankruptcy, but my moral code still forbids me to do that... Only time will tell...
Boghie
Well-known member
I think we will see the effect of the interest rate increase in this months Monthly Treasury Statement. Hopefully in a small way...
Frixxxx
Moderator
Don't think it's updated yet....I was thinking the G fund rate would go up in Sept since interest rates on bonds have been rising and the TSP annuity rate increased for Sept, however looking at the website it appears to still be 2.125% unless the rate hasn't been updated yet.
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