9:29 pm, April 19, 2014

FederalNewsRadio.com - Purpose of Comments statement Click to show

Hubbard Radio, LLC encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comment boards following articles, blog posts and other content can descend to personal attacks. Please do not engage in such behavior here. We encourage your thoughtful comments which:

  • Have a positive and constructive tone
  • Are on topic, clear and to-the-point
  • Are respectful toward others and their opinions

Hubbard Radio, LLC reserves the right to remove comments which do not conform to these criteria.

  • 34
       

  • 22% cut in pay?
    Just me
    Anyone care to guess where that money will ultimately be removed from the economy? If you guessed disposable income, retirement contributions(TSP), and Charitable contributions (CFC), you would be correct. Who will be hurt as a result of this policy? The local economies, the employees themselves, and anyone relying on charity. Expect significantly longer delays in getting anything out of the federal service (because the workload won't decrease) while the rate of retirements will go up (those who were hanging on, waiting to get a better high 3/high 5 will give up and go. This assertion ignores the decreased payments in taxes, the impact on leave (sick and annual- and people already in a "use or lose" status.) Roll in comp time and it's going to get ugly, really fast.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Cuts
    MichaelF
    Don't forget the cut in consumer spending by middle class fed workers! Wasn't cuts in middle class income one of the causes of the 2007/2008 meltdown? You bet it was!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Another School of Thought
    jst
    What about a couple of other scenarios. What if federal employees cannot pay their bills which includes mortgage payments etc? Another thing to think about is the TSP. What if it gets bad enough matching funds disapere and worse yet, your money gets sequestered as well because the Federal Government goes into default and they use that money to pay debt. Guess what, you lose it all. Something to think about I would think.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Thought
    Just me
    What if feds can't pay their bills? If they can't pay, then they default, it's that simple. This issue speaks less to the problem of pay cuts, sequestration, and furloughs than it does to poor finanical planning and management. If the feds are that close to the edge, then they need to relook at what they are spending and where that money is going. What if matching funds disappear? My guess is that fewer people would participate in the TSP. What if "your money gets sequestered and seized to pay debt?" Well, first of all, you're conflating a bunch of different ideas (jst) that really don't have a whole lot to do with each other. Sequestration is a cost avoidance mechanism...it happens before the debt is incurred, not afterwards. The government cannot, therefore, "sequester" your money. The next issue (seizure of individual assets to pay government debt) is, almost certainly, illegal absent a court order. The government would, certainly, be free to default on payment of the G fund, but would be hard pressed to retain monies derived from any other part of the TSP. Is it impossible? No, but from a risk management standpoint the likelihood of it happening is pretty remote (unlike furloughs). If something like that were to occur then you'd probably be looking at either government collapse or massive restructuring
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Thought
    Moderate
    First, your comments about poor financial planning. That would be correct if you are writing about higher paid people. But what about the families where one is laid off and the other is a GS 5? It is very difficult to financially plan for something like furloughs on top of that. You might also consider the new home buyer (I know about the cost of the house being an issue) who gets hit with a furlough. However, I agree that there are many who do not save for a rainy day or splurge too much. However we cannot generalize.-----Second, how would the government be able to default on repayment of the G fund, but not the other funds. I am all in the G fund, but TSP is a supplement as I am CSRS. Anyway, default is unlikely.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Amazing....
    Big Joe
    What stings the most is while we are talking furloughs there is still an incredable amount of waste and abuse ongoing within the Government. My only hope is that people don't step up to ensure continuity of service while co-workers are on furlough. The people and congress needs to feel the impact of the furlough and realize that the Government does real work with real benefits to the people and this Country....
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • WORK TO RULE! NEVER take up the slack! Feral Workers are always the whipping boy. Peace on the Congress-scumbags.
    The Original Joe S
    1/30 deduction of after-tax contributions hoping you'll DIE and they keep the rest. Glad I'm OUT! 5 years of money coming in. Hope the Feral Gubmint stays solvent so I can continue to enjoy it.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Feral workers? Is that like feral cats?
    contrarian
    Would bringing all the troops home now help solve the problem? Seems like the empire is a bit overextended?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Like Feral Congresscritters, actually.
    The Original Joe S
    Once we are self-sufficient in natural gas [soon] and gasoline [not too far off], we can pull the military back and let the Europeans and the Japanese carry their load by themselves. Let's turn the Japanese loose on 'em again! Ha ha ha ha ha!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • 20 percent pay cut in the cards?
    becca
    Paycut, no pay raise, furlough, layoff, downsize, hiring freeze?? If the administration would offer an early out WITHOUT the 25K buyout, they might be pleasantly surprised just how many would take their retirement and go. I, for one, would. Being one of the last CSRS employees, my retirement would save the government 40 percent plus of my existing annual pay. If I have thought of this, I am astounded that someone in the administration hasn't. No one has discussed attrition, why not?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Already endured an effective 25% pay cut
    Hefeweizen
    Going into a fourth year now during which pay has not increased, a further applied cut of any degree would be drastic, insulting and very harmful to everybody. This is the first I have heard of such a thing. In fact, my agency has announced to all hands there furloughs are not anticipated and I have to trust them on that. Second-guessing my employer is not a good idea on these matters. It strikes me that Fed News Radio likes to take the Worst Case Scenario and pose as a "Don't Panic, but here's what might happen to you" story.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • I have to trust them on that? Ask any Indian if he trusts the gubmint!
    The Original Joe S
    .
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Shocked? Why?
    Rob
    The federal gov't borrows 60 cents for every dollar it spends. How long do you think that can go on? Every time Congress and the current administration delays action on the out-of-control spending the pain all Americans will eventually feel increases. 20% cut in pay? Keep kicking the can down the road and that 20% cut will seem like pennies. Does anyone out there know what $16 trillion in debt looks like? Good Grief!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Thst's 40 Percent
    ben
    The government is borrowing 40 percent, not sixty. That said, yes, economies must start --NOW!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • We always get the scare tactics
    Moderate
    Come on Rob. Get serious. The reason for the huge deficit is the George Bush and the Republicans Depression of 2007. This produced less disposable income and probably less tax revenue for Uncle. Expenses were increased to help the people through this economic crisis.-----So, we cut expenditures and end up with another Herbert Hoover Depression (the one that started around 1929 or so).----We have been underpaid since the Reagan era. 20% reduction is unfair.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }