I’ve written a few times (the latest here) about the results of Federal government shutdowns. Progressive-Democratic Party politicians always and everywhere are in full-throated panic-mongering about the disaster that is a shutdown. Far too many Republican Party politicians timidly accept the Leftist Party’s claims and seek to do anything, even on bended knee, to avoid a shutdown.
I have a challenge for them, and for all you out there in reader land.
Here are two graphs, the first from Macrotrends showing our GDP growth rate from year to year from 1961 through 2022, and the second from stastica showing GDP levels over the more focused period of 1990-2022.
That’s what Tennessee is considering regarding Federal education funding transfers—$1.8 billion worth, especially since the money comes with mandates and other strings. Breaking the addiction to Federal dollars will sting: Tennessee has collected some $14.85 billion in its own tax revenues through August of this year, which projects to about $22.28 billion for the year; those $1.8 billion represent about 8% of Tennessee’s domestic income.
To see if such a rejection is “feasible,”
If the government is partially shut down by Progressive-Democratic Party Congressional politician obstructionism, millions of federal employees could face furloughs, some federal offices may close or work shortened hours.
Those furloughs and closures would give us some interesting data on the usefulness/criticality of those furloughees and offices. Here’s what Slate found regarding these items during the Obama “shutdown” some 10 years ago:
Notice a couple of things here regarding Progressive-Democrat President Joe Biden’s threat to stop paying our military members and Party politicians’ threats regarding the VA (right click on the graph and select Open Image in New Tab to get a bigger image). One is the Veterans Affairs level of furloughing: all of 4%. That’s not importantly different from the ordinary absentee rate due to illness, vacation, and so on.
It’s terrific, or so claims our Progressive-Democratic Party President, Joe Biden. Here are some examples of how well it’s working.
- He [Mark Zandi, Chief Economist at Moody’s Analytics] estimates that the typical American household would need to use 42 weeks of income to buy a new car, as of August, up from 33 weeks three years ago.
- New 30-year fixed-rate mortgages today carry rates around 7%, up from 3% two years ago.
- The typical credit card carried a 20.7% interest rate in May, up from 14.6% in February 2022….
It’s not just for railroads, or auto unions. It seems to have come to the Writers Guild of America. The WGA and the Alliance of Motion Picture and Television Producers appear to have reached a tentative agreement, wanting only fleshing out the details and then a WGA rank and file vote.
The tentative agreement appears to include these items:
- a minimum number of writers per television show
- guaranteed employment for those writers from conception to postproduction
The lede’s lead sentence leads into it.
Everybody knows that US households’ savings soared after the pandemic struck, as the combined effects of checks from the government and fewer opportunities to spend swelled wallets.
Increasing household savings is, in almost all cases, good since we Americans don’t keep a big enough cash cushion against unexpected exigencies, anyway. There was, though, one key area, one Critical Item, that did—and does—represent quite a large opportunity legitimately to spend: paying down the student debt held by one or more members of a household.
Our Progressive-Democratic Party President, Joe Biden, is at it again. On the possibility of a Federal government partial shutdown due to a lack of a budget—which Biden distorted as being a complete shutdown—he had this threat regarding our military:
Let’s be clear. If the government shuts down, that means members of Congress and members of the US military are going to have to continue to work and not get paid….
This, of course, is false, or should be. There is plenty of revenue coming in to the Federal government under existing tax law to continue paying the Federal debt, Medicare and Social Security outlays, DoD expenses and military salaries, and on and on.
The UAW objects to American car manufacturers having temp workers on the payroll.
The use of temporary factory workers at the Detroit car companies has long rankled the United Auto Workers union, which wants fewer of them and a faster path to full-time status.
Never mind that
Automakers say they need the flexibility that temp workers provide, especially as they manage a tricky and costly transition to electric vehicles and confront the ups and downs of factory production.
Shawn Fain, UAW union boss, is extending his threat to Ford, GM, and Stellantis, the three major American car companies against which he’s taken selective strike action, a selectivity he’s said he’s using to maximize current damage to the companies.
…what the union calls a “stand up strike,” in which specific locals are asked to go on strike at their facilities. The union has said that strategy will give it flexibility in escalating the strike incrementally up to a potential nationwide strike if negotiations do not deliver sufficient progress in its view, and will make it harder for the auto companies to predict its next move.
Prince William is royally frustrated with the pace of “climate” solutions and wants them developed and executed faster.
For now, we’re quite keen on the scale…when we scale up [solutions], how can we have the biggest change? For me, that’s something I haven’t quite cracked yet, is “how do we scale faster?”
I’m impatient with all this. You guys provide the product…the inspiration, the solution, my role is to get you as big, as fast, and as scalable as possible…. We’ve still got some work to do on that.