Government Shutdown Averted?

[laughing dog]

"Government Shutdown" is nothing more than hyped up bullshit. If the government "shuts down" don't expect any parts of the enforcement apparatus to shut down. You'll still pay taxes as well. You just can't go to the federal park.

Yawn.

People actually believe this "shutdown" is a big thing.

Some people depend on their paycheck.

It is playing with people's lives.

For an unneeded wall to protect us from Mexico.

Yawn.

Government employees get job security, at the expense of occasional budget disputes. Private sector employees don't have these disputes but have a higher chance of being laid off. It's a trade off and they knew what they'd get when they took the job. Plus for some (but not all) shutdowns you get back pay for the time of the shutdown.

Even then, most government employees don't actually contribute to the economy, government employment being a drain on the economy. They individually benefit, but at a cost to everyone else.

Pure fantasy.

 

[untermensche]

Some people have a lot of insane rationales to defend their immorality and inhumanity.

Some see the system as more important than people.

Immoral deluded jerks.

 

[Jason Harvestdancer]

Some people have a lot of insane rationales to defend their immorality and inhumanity.

Some see the system as more important than people.

Immoral deluded jerks.

Those people also study Opression Studies in college, and then wonder why the only jobs they can get are flipping burgers or waiting tables.

 

[untermensche]

Some people have a lot of insane rationales to defend their immorality and inhumanity.

Some see the system as more important than people.

Immoral deluded jerks.

Those people also study Opression Studies in college, and then wonder why the only jobs they can get are flipping burgers or waiting tables.

That is on the level of a third grader.

Humans are trapped in the economic system.

Workers struggle as wages have stagnated for decades and decades while the cost of living rises and rises.

And you are not impressed when people lucky enough to find a place in this sick game must go without because some insane overgrown child pouts about a useless wall.

Because they are merely government workers. Because they labor for some government function you see them unworthy of life. Because in the game of slavery today money is life.

 

[Jimmy Higgins]

Some people have a lot of insane rationales to defend their immorality and inhumanity.

Some see the system as more important than people.

Immoral deluded jerks.

Those people also study Opression Studies in college, and then wonder why the only jobs they can get are flipping burgers or waiting tables.

Yeah, the Black Friday broadbrush sale was pretty sweet.

 

[RVonse]

Yawn.

Government employees get job security, at the expense of occasional budget disputes. Private sector employees don't have these disputes but have a higher chance of being laid off. It's a trade off and they knew what they'd get when they took the job. Plus for some (but not all) shutdowns you get back pay for the time of the shutdown.

Even then, most government employees don't actually contribute to the economy, government employment being a drain on the economy. They individually benefit, but at a cost to everyone else.

Pure fantasy.

From what I have been reading, Harvestdancer not only has it right but a government shutdown actually costs the taxpayer MORE because of additional hiring needed to shut down the parks. No one working in the government ever loses a dime, they just might get their money a little later. And since no one uses cash and purchases with a credit card the payment delay is irrelevant as well.

Clearly a "government shutdown" is pure political theater and nothing more. If I were running for congress, it would be my platform that congress members would lose ALL salary and benefits during a shutdown without any retroactive pay. Because the only people who lose during a shutdown right now.. are the voters and taxpayers! I say let the people who cause the shutdown be the people who pay for it. If such a law was on the books there would never be another so called "government shutdown".

Some of you may say the president is the reason for the shutdown and he should lose his pay during it as well. I can't disagree since the president is involved with his wall. But wait a minute..... Trump has already given back ALL of his salary. Before the shutdown, during the shutdown, and after the shutdown. So he is the one and only politician who can honestly say he is not drawing pay during the shutdown. He is the only politician of them all that the taxpayer should have no problem with.

 

[untermensche]

And since no one uses cash and purchases with a credit card the payment delay is irrelevant as well.

You never met a person with a few kids in college that is maxed out on several credit cards and needs money in their accounts to pay them and all their debts?

 

[laughing dog]

From what I have been reading, Harvestdancer not only has it right but a government shutdown actually costs the taxpayer MORE because of additional hiring needed to shut down the parks. No one working in the government ever loses a dime, they just might get their money a little later. And since no one uses cash and purchases with a credit card the payment delay is irrelevant as well.

You are misinformed. If you are furloughed that means no pay for that time.

And for those of you who think the president is the reason for the shutdown, that perhaps he should lose his pay during it as well. That is no problem at all. Trump has already given back ALL of his salary. Before the shutdown, during the shutdown, and after the shutdown.

The President is the reason for the shutdown - he agreed to a compromise and then went back on it.

Can you point to proof that Trump has given back all of his salary? His word is insufficient since he is a proven serial liar.

 

[Loren Pechtel]

And you don't have a decent amount of your 401k in stuff that isn't going to be so volatile to avoid this situation?!?!

You sell stock in good times, you sell bonds in bad times.

IRAs and 401K funds aren't quite as flexible as that. Once you pass the age of 70, the government requires that you withdraw a certain percentage of the principal, and the fund managers may have quirky requirements about where the funds come from, unless you are acquainted with the details in the novella-length statements that they send out periodically. It helps to have experience with playing the stock market, but most people--myself included--don't. Financial advisers all give different advice and have different products that they are pushing. I would like to be able to brag about my financial prowess, but I have learned from experience that the best way to acquire wealth is to refrain from spending money (and especially from gambling with stocks) as much as possible. At least, that's how it works in my case.

I'm aware of the mandatory withdrawal rules.

Since you have to live with the limits of the 401k manager rules the simplest answer is to have two funds, one equity, one conservative. You take from the conservative one and refresh it from the equity one when times are good.

- - - Updated - - -

And you don't have a decent amount of your 401k in stuff that isn't going to be so volatile to avoid this situation?!?!

You sell stock in good times, you sell bonds in bad times.

It is all the victim’s fault. Trump talking down the market isn’t a matter here.

While this drop is due to His Flatulence the reality is there will be market drops and you should not put yourself in a position where you will be forced to sell stock in bad times.

 

[Loren Pechtel]

From what I have been reading, Harvestdancer not only has it right but a government shutdown actually costs the taxpayer MORE because of additional hiring needed to shut down the parks. No one working in the government ever loses a dime, they just might get their money a little later. And since no one uses cash and purchases with a credit card the payment delay is irrelevant as well.

Reality check time:

1) Government workers can end up losing leave time they were planning to use.

2) Government contractors don't get their back pay like government workers.

3) Pay your mortgage with a credit card? Hah! Not to mention a delay can mean interest is due.

If I were running for congress, it would be my platform that congress members would lose ALL salary and benefits during a shutdown without any retroactive pay. Because the only people who lose during a shutdown right now.. are the voters and taxpayers! I say let the people who cause the shutdown be the people who pay for it. If such a law was on the books there would never be another so called "government shutdown".

No. All salary, yes, but not all benefits. Don't cancel their health insurance.

Some of you may say the president is the reason for the shutdown and he should lose his pay during it as well. I can't disagree since the president is involved with his wall. But wait a minute..... Trump has already given back ALL of his salary. Before the shutdown, during the shutdown, and after the shutdown. So he is the one and only politician who can honestly say he is not drawing pay during the shutdown. He is the only politician of them all that the taxpayer should have no problem with.

Which means he's losing nothing due to the shutdown.

 

[T.G.G. Moogly]

In today's world, building Heir Trump's wall is akin to building fleets of battleships. I think Trumpy sees this as a kind of monument to himself which is why he wants it. What he's getting instead is a lasting dose of well deserved bad press.

Trumpo sees the end and he's grasping at straws out of spite and nothing more. When it comes to fake news, he is the oracle at Delphi.

 

[untermensche]

Trump is using this useless wall as his 2020 campaign message. That is why he is making such a big deal about it and the show has not begun.

Either way he wins.

He gets blocked he says he was stopped by the Democrats who don't want America to be great again.

If god forbid the Democrats cave in he of course gets his useless wall.

Trump has nothing else to run on.

This wall is all he's got.

He is not hurting at all with this shutdown.

 

[ZiprHead]

Government Shutdown Averted



PSYCH!

 

[blastula]

^O

 

[J842P]

Trump is using this useless wall as his 2020 campaign message. That is why he is making such a big deal about it and the show has not begun.

Either way he wins.

He gets blocked he says he was stopped by the Democrats who don't want America to be great again.

If god forbid the Democrats cave in he of course gets his useless wall.

Trump has nothing else to run on.

This wall is all he's got.

He is not hurting at all with this shutdown.

Yup, exactly.

 

[Jimmy Higgins]

I'm aware of the mandatory withdrawal rules.

Since you have to live with the limits of the 401k manager rules the simplest answer is to have two funds, one equity, one conservative. You take from the conservative one and refresh it from the equity one when times are good.

- - - Updated - - -

And you don't have a decent amount of your 401k in stuff that isn't going to be so volatile to avoid this situation?!?!

You sell stock in good times, you sell bonds in bad times.

It is all the victim’s fault. Trump talking down the market isn’t a matter here.

While this drop is due to His Flatulence the reality is there....

...has never been a President and an Administration who almost seem to be purposefully deflating the Stock Market. This is unprecedented territory, by a long shot.

 

[Loren Pechtel]

I'm aware of the mandatory withdrawal rules.

Since you have to live with the limits of the 401k manager rules the simplest answer is to have two funds, one equity, one conservative. You take from the conservative one and refresh it from the equity one when times are good.

- - - Updated - - -



While this drop is due to His Flatulence the reality is there....

...has never been a President and an Administration who almost seem to be purposefully deflating the Stock Market. This is unprecedented territory, by a long shot.

Doesn't change the fact that standard financial advice for ages has been to not have money you'll need (which includes mandatory withdrawals) in the next say 5 years in equities.

 

[Jimmy Higgins]

I'm aware of the mandatory withdrawal rules.

Since you have to live with the limits of the 401k manager rules the simplest answer is to have two funds, one equity, one conservative. You take from the conservative one and refresh it from the equity one when times are good.

- - - Updated - - -



While this drop is due to His Flatulence the reality is there....

...has never been a President and an Administration who almost seem to be purposefully deflating the Stock Market. This is unprecedented territory, by a long shot.

Doesn't change the fact that standard financial advice for ages has been to not have money you'll need (which includes mandatory withdrawals) in the next say 5 years in equities.

*self-moderated*

 

[jonatha]

Doesn't change the fact that standard financial advice for ages has been to not have money you'll need (which includes mandatory withdrawals) in the next say 5 years in equities.

That rule has always seemed logically contradictory to me.

So I start with 5 years' withdrawals in safe investments.

In year 1, I withdraw 20% of my safe investments but to keep to the rule I have to switch enough from risky to safe investments to cover year 6. This is almost exactly the same as withdrawing the money I need in year 1 from the risky investments (probably a little worse since to cover inflation the year 6 amount is a bit more than the year 1 amount...)

 

[untermensche]

Doesn't change the fact that standard financial advice for ages has been to not have money you'll need (which includes mandatory withdrawals) in the next say 5 years in equities.

Do you comprehend that many many people live paycheck to paycheck?

That many many people have maxed out their credit and live precariously within a hostile system?

That many many people have absolutely nothing saved.

Do you comprehend the fact that wages have stagnated for decades and the cost of living has risen non-stop?

Do you comprehend how many single parents live on the edge?

Do you comprehend how many children go hungry?

Many people cannot afford to miss a paycheck.

It is the sickest inhumanity to not comprehend these things and live in a dream where everybody has to figure our which retirement account to loot in times of trouble. Trouble like when a sick asshole shuts down the government because he uses a stupid wall to gain the admiration of bigots and racists and xenophobes.