Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: studdog who wrote (107826)	2/3/2010 4:56:43 PM
From: roguedolphin	1 Recommendation Read Replies (2) \| Respond to of 116555

"We've gone from providing jobs in profit-making private industry to providing jobs in profit-eating government work. Toward the end of 2007, the total number of government jobs exceeded the total number of goods producing jobs. Welcome to the government payroll economy."

To: studdog who wrote (107826)	2/3/2010 5:10:19 PM
From: Jim McMannis	1 Recommendation Respond to of 116555

That has to be the most pertinent and telling article and graph I've read in a long time.

To: studdog who wrote (107826)	2/3/2010 5:35:08 PM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 116555

Do you think that graph refers only to actual government workers, or includes contractors? As I was trying to point out to Mish, contractors actually save the taxpayer money because they can be laid off when the job/project is done. If the gov't is forced to hire on additional staff via their normal hiring process, we're then talking about Cadillac health care plans and union membership. And once they come onto the payroll of any particular agency, it's almost impossible to fire them. Hawk