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Old 12-24-2008, 04:07 PM
 
Location: Great State of Texas
86,068 posts, read 74,832,001 times
Reputation: 27602

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I agree with movin'on. More people are waking up and saving and paying their bills and lowering their debts.

Look at the high number of refi applications. Christmas retail sales are dismal and even with 60% off people are not buying. Savings are up compared to previous months.

There is a movement underway but this is not what the gov't wants; Americans are shunning "consumer" in favor of "saver".
The MSM won't be headlining this because this is not how our economy operates; they need us "spending" and not "saving".
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Old 12-25-2008, 08:59 PM
 
Location: Rockland County New York
2,984 posts, read 5,343,183 times
Reputation: 1295
Well I work for the City of New York as a substitute teacher and they did not even pay last week. We were supposed to receive a pay check on 12/16 but we got nothing. Seems the city is short in their pay roll and we substitute teachers were just one of many city employees which were penciled out of their pay checks. Now I have to wait until 1/5 for the city to make good.
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Old 12-28-2008, 05:18 PM
 
Location: Orlando, Florida
43,857 posts, read 45,554,548 times
Reputation: 58647
Quote:
Originally Posted by Stac2007 View Post
Well I work for the City of New York as a substitute teacher and they did not even pay last week. We were supposed to receive a pay check on 12/16 but we got nothing. Seems the city is short in their pay roll and we substitute teachers were just one of many city employees which were penciled out of their pay checks. Now I have to wait until 1/5 for the city to make good.
OMG!

Short of a pink slip, a unpaid payroll is just the worst thing that can happen to an employee. So many people actually DO live paycheck to paycheck and this even happened before Christmas. I would be livid...and worried.
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Old 12-28-2008, 06:29 PM
 
Location: Rockland County New York
2,984 posts, read 5,343,183 times
Reputation: 1295
Quote:
Originally Posted by GloryB View Post
OMG!

Short of a pink slip, a unpaid payroll is just the worst thing that can happen to an employee. So many people actually DO live paycheck to paycheck and this even happened before Christmas. I would be livid...and worried.
My friend when one has to worry about a city as big as New York not making good on it's payroll we all have to worry.
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Old 12-28-2008, 06:39 PM
 
48,509 posts, read 86,254,134 times
Reputation: 18106
Quote:
Originally Posted by thebigr View Post
No downside numbers here, infact we are getting ready to ramp up soon. Had several meetings with bank in last few weeks and things are looking good. But then we are in road building, so the future does look bright.

Well as state and local governments start to really feel the cuts in revenues that will really effect the projects going to contractors including roads. I have heard that alot of the stimulus will go to bridges as designated by the feds; if and when it passes. Until then look for governasmnt spending to be cut.
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Old 01-01-2009, 10:31 AM
 
2,639 posts, read 5,350,337 times
Reputation: 2355
Executive pay cuts - I'm all for that. I'm sure they can more than survive on a cool million versus two. Besides, one would think they would be the first to be investing and saving, so they definitely should have a nest egg.

White collar pay cuts - in moderation. If my company was struggling and I knew it would help, I would gladly give up part of my salary up to 1/6th what I make. I could still survive on that much. Theoretically I could survive on half of what I make, but I'd have to return to the ghetto - not a pleasant thought.
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Old 01-04-2009, 08:12 PM
 
16,308 posts, read 25,590,611 times
Reputation: 8305
I find it amazing that there are those that are really in denial about the mess our economy is in, and how it is going to effect almost everyone. It is sinking like a stone, and it has a ways to go before things start to get better. the vast majority of people in this country are going to have to change their spending and living standard drastically over the next few years.
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