Big scale economics is well outside my area of expertise. Like most of you, I’m concerned with the big spending Trump has been doing. Very little is available in the way of reporting on the subject in the MSM. I don’t think it’s ever been a topic on 8chan but the anons still post economic info as items of note. Yesterday I came across several articles that give us some small insights.
Presumably the $100 Million below will be an annual savings. Couple this with other savings from the deregulation he’s implementing and it starts adding up to real money. I’ve read several things recently about Trump wanting to streamline and make govt more efficient.
Trump to Save $100 Million by Slashing Use of Govt. Time on Union Work
President Donald Trump ordered a major overhaul of the civil service system on Friday via three executive orders, according to senior administration officials.
One of the orders will significantly limit the amount of time public employees can spend working for unions while still being paid by the government. The government expects the order to save taxpayers $100 million over the course of a year, according to a senior administration official.
Nearly 1,000 employees spent at least half of their taxpayer-funded time working for unions in 2017, according to a memo by the House Oversight and Government Reform Committee. American taxpayers paid $177.2 million in 2016 for the time government employees spent performing work for unions, according to the Office of Personnel Management.
Trump’s executive order limits the amount of time federal employees can use for union work to 25 percent. Employees will also no longer be allowed to use taxpayer-funded time to lobby Congress on behalf of unions. The order also prohibits the use of government funds on union appeals against the firing of government workers.
The federal government will also start charging union rent for the use of office space as well as travel costs incurred by employees who spend time working for unions on the taxpayers’ dime.
“Dentists at the Department of Veterans Affairs, air traffic controllers at the Department of Transportation, and tax examiners at the Department of the Treasury are being paid for work they were not hired to do without doing the work they were hired to do,” states a memo from the Oversight and Government Reform Committee.
For example, an employee at the Department of Transportation spent 100 percent of his or her time working for a union in 2017 and was paid $187,000 by the government. A nurse anesthetist at the Department of Veterans Affairs made over $190,000 while spending all of her time working for a union.
The term used for the time government employees spend working for unions is “official time.” In 2017, 221 government workers spent at least half their time working for unions while being paid over $100,000 per year.
The second executive order will make it easier for government agencies to fire employees for egregious misconduct. A senior administration official cited research showing that government workers were 44 times less likely to be fired after their first probationary year compared to private sector workers.
The order will also eliminate an Obama-era policy that required agencies who did not fire one employee for a specific type of misconduct to not fire any other employee for the same type of misconduct.
The order also prohibits agencies from hiding information from each other. A senior administration official explained that departments sometimes make deals with employees who they are firing to not disclose information to other agencies, which results in workers who were fired for misconduct and other issues to go on to secure jobs in other government agencies.
The third executive order targets union contracts. These contracts often include provisions that make it harder to fire workers. Meanwhile, the unions often negotiate these contracts while being paid by taxpayers, in effect circumventing the democratic process while using taxpayer money to ask for more taxpayer money.
The order directs all government agencies to renegotiate their union contracts and requires all the contracts to be posted online for the public to review. The executive order also creates a centralized government body to review and negotiate the contracts.
Fines for breaking deals, (signed deals) can’t be counted on as regular income but the numbers are nothing to sneeze at and Trump isn’t reluctant to enforce adherence to terms of a deal. He also offers the offenders a hand up rather that destroy them and allow his cronies (does Trump have cronies?) to swoop in and buy up the remains for themselves. He’s a deal maker. People in China and the USA keep their jobs.
I don’t know how many trade deals Trump has negotiated so far nor do I know how many more are on the agenda but to hear him talk, trade deals are a big priority. I doubt he’ll ever negotiate a bad deal for the USA. Those deals will create jobs, raising tax revenue, reducing unemployment. Once we regain the claimed $800 Billion dollar annual trade losses, that alone will put a serious dent in balancing his spending. It’s a far cry from where we need to be but would Felonia Von Pantsuit have the USA in this position 16 months into her first term? I’ll bet her spending would have been worse with nary a beneficial trade deal for our benefit.
It’s not and end to fiat money, extinguishing the debt or ending the fed…..yet, but it’s coming. Trumps not building a personal empire emulating the vile, deep state scum that preceded him. He’s already built an empire. He’s going to give us our country back. He’s doing the same for the rest of the world. He’s going to show us a world that prospers without central bank slavery and perpetual wars of choice. That was the fledgling USA’s big threat to the global cabal in the first place, that we would show the rest of the world how to succeed without (((their))) “assistance”.
Countless tyrants have used the world and it’s people with varying amounts of depravity for their own personal gain. Trump could easily join the forces of darkness or possibly even create his forces of darkness for personal gain. Those things have been done to death……literally. Trump is going to do something that no man has ever done before and he’s going to do it with respect, sincere kindness and dignity. He’s going to set the bar. I’m astounded at how fortunate I am to be alive at this time in history.
To prevent my three brain cells from getting too big I also found this:
Fed Chairman Jerome Powell: Now is a ‘great time’ to reduce the national debt
Now would be a perfect time to lower the federal debt, Federal Reserve Chairman Jerome Powell opined Friday.
“It’s a fact that the United States is not on a sustainable fiscal path,” Powell said at a central banking conference in Stockholm, Sweden. “It’s serious problem and now is a great time to be working on it.”
The country’s low unemployment and overall economic strength make it an opportune time to lower the debt, Powell explained.
Powell hedged his comments by noting that the current level of national debt is not an immediate problem, and that the government still has the ability to cut taxes or boost emergency spending if it wants.
Nevertheless, the debt is a “problem that needs addressing urgently in the United States,” he said.
The federal debt held by the public has grown to 78 percent of the economy in recent years, and is forecast by government agencies to eclipse the size of gross domestic product in the next decade. There is a long-term mismatch between spending and taxes, driven in large part by the aging of the population driving up retirement benefits.
Nevertheless, Congress and President Trump have worked over the past year to accelerate the growth of the federal debt, rather than restraining it. Republicans and Trump enacted a $1.5 trillion tax cut, and then Democrats and Republicans worked together to increase government spending.
I’m not about to believe that a fed chairman is at all serious about reducing the national debt. That would be like self-castration but perhaps Trump made the fed owners a deal they couldn’t refuse. That’s pure speculation on my part and Q has indicated that the fed will be “restructured” so it’s not outside the realm of possibility.
Add to the four stories above, the money that taxpayers will no longer be contributing to the Climate Accord and the Iran Deal and things aren’t looking exactly horrible. We’re probably moving sideways rather than improving at the moment but the last time that happened was 1966.
Try to enjoy the show!
Federal government spending is $11 billion PER DAY.
The Fed government runs a $3 billion deficit PER DAY.
Your AWESOME $100 million of savings equals .91% of daily Federal spending.
This is all minutia designed to distract the easily distracted. The disaster is in the entitlement spending and military budget. $200 trillion of unfunded liabilities. Let me know when Trumpolini addresses that.
But you keep on cheering for the home team. Whatever floats your boat.
So major expenditures are all that should be addressed?
No major expenditures are made up of many smaller expenditures that have added up and if they are they should be ignored instead of attacking each of them as they occur to reduce the total?
Probably so, ignore any single expenditure of less than, say, 10 billion as not being enough to pay attention to or do anything about.
PR announcements about $100 million phantom savings is par for the course with politicians.
Running as a fiscal conservative and railing against the Federal Reserve and then signing legislation guaranteed to make our deficit soar past $1 trillion per year is stabbing his voters in the back.
Ignoring the looming disaster due to the $200 trillion of unfunded liabilities is gutless. He is just like every other politician, pandering to the masses by spending more.
But, you keep cheering for the home team. Trumpeteers are predictable. Rah Rah.
WE can just have the Treasury issue debt free money to pay off the debt, they have the Constitutional authority to do it at the direction of Congress.
Unless someone can think of a better workable plan, which I constantly ask for but never have anyone offer.
Do you have a better idea? If so what is it and how would it work.
If it’s so simple, why hasn’t it been done? Your naive view of the world is laughable.
Your master plan would result in the dollar becoming worthless and hyperinflation. See how that’s working out for the Venezuelans.
The stupid, it burns.
I take it your response indicates you don’t have a better idea, or even an idea at all.
That’s why we have the Fed and the current and continuously increasing debt problem, something you seem to be defending for lack of a better way (one that would work).
So why do you gripe about it if you have accepted it?
Debating an intellectual pipsqueak like yourself isn’t worth my time. Your “solution” is an idiotic non-starter. We have a continuously increasing debt problem because the fucking government spends more than it brings in. How fucking stupid are you?
Trumpeteers aren’t real good at maff. See if you can use this website to figure out the national debt has gone up by $842 billion so far this fiscal year under Trumpolini.
https://treasurydirect.gov/NP/debt/current
There is still 4 months left in the fiscal year. Our fiscally responsible president is headed for a $1.2 trillion increase in the national debt in a year when the economy is “supposedly” booming. When exactly are all his savings going to kick in?
Wait until the next recession. Woo Hoo. He’ll break Obama’s record by a mile.
Keep on cheering for the home team. It’s a pitiful display of cognitive dissonance.
So do you have a suggestion?
Remember that our money is debt, it comes into existence by borrowing it into existence and if we quit borrowing it quits increasing, pay it off and it goes away and leaves less or none of it in circulation.
If you’re in a fucking hole, stop fucking digging.
Your theoretical bullshit about debt is about as asinine gibberish I’ve ever read.
This is the fucking real world. In the real world your solution is a joke.
Was your grandpa a central banker in Germany during the Weimer Republic?
There is nothing theoretical about my statement about debt.
If you think there is then show me what and why. If you can, which I expect you to avoid doing.
Do you understand what our money -the Federal Reserve Note- is, how it comes into existence, and how it comes into circulation in the private sector and that is interest bearing and must have interest paid on it which will constantly require new borrowing with increasing total interest to keep it in existence (FWIW, since it is interest bearing from creation there will never be enough of it to pay off the total amount of it, If you don’t understand that I can give you a real life exercise in it by having you borrow cash on an interest only loan and try to pay the total off using only the money you’ve borrowed to do it. Go try it and see how it works.).
FWIW, I offer a workable and Constitutional solution and you offer nothing. Why?
Blah, blah, blah.
Workable solution that would destroy what little value remains in the dollar. Do you not agree Einstein? You really should move to Venezuela where your solution is in process.
WTF???? Admin gets 3 thumbs down for stating …….. FACTS?????
Admin, the readership here is going down the shitter! Not most people …. but it only takes a FEW, not an entire village, to fuck up a website.
I demand that you research the IP addresses of those three dickfuks, and send the info to me. I’ll take it from there.
My second demand is that you get off your ass and implement an IQ test. For example, four guzinta eight how many times? This would have stopped those three noobs.
Either that, or three Trumpeteers (like Mouseketeers, only dumber) got their panties all wet when you wrote “Trumpolini”. Thin skinned Trumpy Nutsack Lickers! Fuck ’em.
Stuck
The Trumpeteers are so focused on their savior’s every tweet, any dose of reality makes them lash out. How dare I point out unequivocal facts. As soon as he puts all the Deep State bad guys in prison (any day now) he is going to magically turn into a fiscal hawk and address the $200 trillion of unfunded liabilities. Just have patience. Q and Trumpolini have it all figured out.
Debating the financial situation of the country with Trumpeteers is like debating with a retarded shit eating monkey. It’s not worth my time.
The hyper focus on the day to day tweets and minutia of Q and his minions bores me to death. I’ll be heading to my patio to continue reading Jordan Peterson 12 Rules for Life. It’s better than losing brain cells reading the comments on TBP. I just ordered Skin in the Game By Taleb. I prefer to get smarter reading these guys than dumber reading comments by Trumpeteers.
I’m looking to get at least 10 thumbs down on this comment from the ignorant masses.
https://www.youtube.com/watch?v=ci3afKw_mcY
Glad I checked in on this one.
When I 1st started at TBP I use to revel in any thumbs up I got. Since the Orange Crusader took the crown I cherish the thumbs down. Seven so far for you? Not bad but Saturday’s are slow.
There is another topic even more boring. Da joos.
Admin, the numbers in the article add up to a hell of a lot more than a measily $100 Million. You’re sufficiently intelligent to add $100 million + $1.3 Billion + $803 Billion + plus annual savings of $500 billion and more from not being in the Climate and Iran deal. Perhaps you missed that when you skimmed over what I wrote? It’s well over ONE TRILLION. I stand by what I said.
I have no idea how close we are to those numbers on an annual basis yet but I have no doubt they are increasing in the direction we all want to see.
How much do they add up to? Maff isn’t my specialty. Do you grasp the concept of proportion? I tried to educate you on size, but you choose to cheerlead rather than think.
Virtually none of your quoted numbers are real. Only the $1.3 billion fine. It won’t be used to pay down the debt. It will be spent elsewhere.
The $800 billion is the trade deficit with China. Do you really think it will disappear? The counter actions to whatever Trump does will offset any benefits. It isn’t a savings.
We never took any actions on Climate. We didn’t spend that money, so we didn’t fucking save it. What are the savings from the Iran deal. Please provide them to me. I really like facts.
You really are approaching these issues like a child.
Why the fuck is the national debt going up by $1.2 trillion this year?
Will the national debt be going up by more or less next year? If all your fucking savings are real, the annual deficit should be YUGELY lower next year. Is that what you are telling me?
As I said, I don’t know what the current rate of savings are and I doubt anyone else does either. My own journey to becoming debt free started with a single dollar and a mindset. Sometimes big things come from small beginnings.
I’m sure Hillary’s deficits would have been much lower than Trumps. Apparently there was no possible way for you to be happy when only corrupt criminals are on the ticket. Why did you vote trump again? Was it for a little less evil? Did you get that?
I did my part and refused to vote at all so it’s you voters who are responsible for this mess. THAT is reality.
Enjoy the show.
Why and how would Hillary’s deficits have been lower than Trumps?
Specifically.
When there are real savings, deficits go down. It’s fairly fucking simple. If you are raking in $100k in income and spending $150k per year, you are running a deficit of $50k. If you implement cost savings and reduce your expenses to $125k, then your deficit is $25k less than before.
The fucking national debt is going up exponentially. If your bullshit premise that Trump is saving a TRILLION dollars was true, the deficit next year should plummet well below the current rate of $1.2 trillion.
Is that what you are telling me is going to happen? Simple question.
WTF!!! The taxpayers pay for federal employees to organize against them AND pay for their lawsuits AND pay for their lobbying efforts AND travel expenses for union issues AND overpays them AND pays for their retirement AND pays their golden health care costs? I have a burning hatred for federal employees. I belonged to a church full of fed.gov fucks years ago. It took awhile but I eventually realized what selfish motherfuckers most of them were. Many of them were generational fed.gov fucks.
Maff for Trumpeteers:
It takes 1000 MILLION to make a BILLION, so we have a 3 BILLION dollar a day deficit= 3000 MILLION in the hole EVERYDAY.
Trump cuts 100 MILLION from the budget during the entire year- BFD (if it actually ever happens)
So we cut 100 million and it is insignificant by itself, but there are thousands of programs that spend that much a year.
Are they insignificant in their total and should we start addressing and cutting each of them or just leave them alone because none of them by itself is significant?
Another skimmer who either missed the numbers clearly shown in the article or someone who can’t do maff. See my reply to admin above.
The government unions are just FSA Comrades with a government job, just more Democratic Communist Fronts: we need to kill’em all.
+100
Government unions are anathema to a free and prosperous nation. They are like a vampire that grows as it constantly sucks it shrinking victim dry. They should be banned.
The debt will need to be addressed. BUT I’m not sure it can until the corruption is cleaned up – and that may be the gist of IS’ post.
The rot that permeates western civilization is deep. It cannot be repaired with a coat of new paint. To fix it we start at the beginning, build a proper foundation and then rebuild upon that.
Internal corruption, bad trade deals, and global instability will need to be addressed before spending can be. Once those issues are set on a proper track and bad actors have less power to derail the train then spending can be addressed properly. That’s how it works. And it isn’t going to happen overnight.
Yep. Enjoy the show. As soon as all the bad guys are in orange jumpsuits Trumpolini will address the debt. Any day now.
You and IS are so focused on the day to day minutia, you no longer grasp the big picture.
But keep on rooting for the home team. Yay.
I see the big picture just fine, thanks. I’m concerned, just like you are, that the people in charge are going to fail us – yet again.
But the day to day is important right now because it is highly UNUSUAL in terms of modern politics. It points to the possibility of positive change. I think ignoring it is as big a mistake as being overconfident that the big picture will change is.
I’m not selling my ammo but I’m not blind to the currents that are shifting either. What it all means in the long run is speculation at this point. Your guess is as good as mine. But when I see something that seems like it is moving in the right direction, or if I see corruption being exposed I’m going to point to it.
Eyes wide open. In all directions.
Enjoy the show. I’ve turned off the Trump reality TV show.
We all do what we gotta do.
I’m not missing any of the big picture. Hell, the big picture is why I wrote the article but if it makes you feel better to spout bullshit then by all means, please carry on.
Your analysis is pitiful cheerleading based on nothing.
The tax cuts are supposed to result in a booming economy. A booming economy will pay for all the increases in Trump Dumptruck spending, like the many hundreds of billions to make our military the greates fighting force in da known universe, which Trump keeps saying is already true. Anyway, that’s the thinking.
But, in today’s NY Post I read that about 40% of Americans skip at least one of their monthly necessary bills (mortgage, car payment, utilities, etc.) each and every month, and almost a third skip 2 or more of these bills every month. And everyone knows consumer debt is at an all time high, and shows little signs of decreasing. Sounds like a booming economy to me.
This isn’t the Reagan era. It sort of “worked” back then … but, everything is quite different. When those fucking tax cuts don’t result in increased prosperity, and along with the increased spending which assumes prosperity is just around the corner, then you will see an explosion of debt unseen ever before, believe me. I hope China or Greece keep bailing us out.
Civil Service is subsidized employment for negroes and others incapable of cutting it in the real world.
There is no solution to our Debt problem.They ( Trump or who ever ) will keep this fraud going as long as they can.When it finally collapses they will just declare a natural emergency and lock down our nation.Used this as an excuse to ban all cash. We are going to lose everything we have taken for granted. It’s so sad to see what’s happening to our once great country. Once we lose our rights there will be genocide . Probably against Christians.
World War 3 looms on the horizon……..prepare.
I have been reading a lot about the new age movement which is part of the new world order.There are people right now in this movement calling for the killing of all Christians.It is through out their writings . Their accented Masters ( demons ) are telling them Christians are what is preventing the coming New World so we have to be killed. Think about this .Many of these people work at or in the United Nations.
Many of these people work at or in the United Nations.
I’m not sure of the distinction.
Trumpolin – hotel bed used by Trump and a lady who is not a tramp according to CNN
Trumpolini – magician who is able to get out of any trap
Trumpuku – career suicide by hirelings willing to save Trump
Trumpistan – disgruntled old white people who vote Republican because, white
Trumpioca – taste sample on a plastic spoon, it has a bit of a wang to it.
Trumpeteer – https://youtu.be/yWCIlRsxcI
Trumpolio – (not to be confused with Cornholio) two broken legs and an unwillingness to speak
What was that about $100M? Fucking pikers.
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Trump got his start when Daddy Trump gave him 8,000 New York City apartments. Trump is a real estate guy. Real Estate guys like inflation because it increases the value of their property and shrinks their mortgage liabilities. It seems all his moves have been to fix fucked up systems, international trade, unions in government are just good examples. The dollar is in its death throes, so why not spend and borrow like a mad man. Build back your military, fix the infrastructure and when you can’t get anymore massively devalue the dollar. There are a couple of plans bouncing around the net. The Manhattan Plan and the Continental Dollar to name two. This would fucks big banks, wall streeters, foreign governments, drug dealers – almost every one but the little guy, who doesn’t have much to lose, but owes a lot on his mortgage, his car and student loans.. Sure there will be a tough period, but the workers pay will be corrected in short order if there is still a job. A new gold/silver backed dollar worth say 1,000 old fed dollars would solve a lot of problems for a lot of people not the least of which is uncle Sam.
So much nonsense coming from people wanting gov’t to be responsible and spend within its means. Has that ever happened? And yet that is the demand?
There are households that don’t have debt. There might even be neighborhoods that don’t have debt. Some towns don’t. Probably no big cities spend responsibly if they are relying on continually increasing taxes and offering benefits above and beyond what private businesses offer. Then these cities have future obligations that depend on growth in population or growth in tax rates. Not sustainable. Maybe a homogeneous population like in Switzerland can have a gov’t that doesn’t overspend, but the exception proves the rule.
U.S. debt and world debt is too large by magnitudes to ever come into balance. If that is true, what is all this argument about solutions? The debt grows whoever is in power, every year. Factions within the population demand funding and the pols do fund. This is neverending.
The world is headed for a Debt Jubilee. I think sensible people know this. People looking for solutions in the system are not sensible. The question becomes who in power is sensible? No one? Or could it be that Trump is sensible? If I were president and saw that there was no way in hell that I could reduce debt in any meaningful way, I would stop trying to reduce debt and go about trying to get the corruption out of the system as best I could before the Debt Jubilee, the arrival of which is inevitable. I would see that if I did not get the systemic corruption handled before the collapse of fiat money, which is all 100% debt, the world would be handed to the new world order folks and that would be it forever more.
What planning would have to be done in order to replace fiat money with something that would hold gov’ts in check after the Debt Jubilee? You could say gold is the answer, yet gold was the answer at one time and that stopped nothing simply because gov’t can by decree abandon gold even when in its constitution it might say gold is money. What about technology? Cryptocurrency? No gov’t can defeat the block chain. One gov’t might outlaw its use, but some other gov’t would not and that gov’t would be on its way to a prosperous future unlike the former whose fortunes would decline until it got back in the game. It’s all self-regulating and the pols can do nothing when the technology is available worldwide to people who want it and would use it.
Forget all this nonsense about balancing the budget. Even if Trump did that through increasing the take of gov’t from an expanding economy and through confiscation of trillions of dollars from the corrupt, the next gov’t would fuck it up again. That is no solution at all. Constitutions are not a solution. Small gov’t might be a solution, but does anyone see that happening?
Just started, but gotta tell you it is timely and needed. I was an IAM steward on a training contract at Tinker AFB and sat through CBA negotiations. Got suspended for insubordination and the UNION refused to back me. (Grievance for an unlikeable guy who’d had a heart attack).
I saw the most corrupt management, union management and workforce you could possibly imagine there. Then, I moved over into the FEDERAL employee union area. You can’t imagine.
IS… the stories I am going to tell now that I think it is time to tell them.