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Where does the $ come from to pay this increase? Our taxes. I own a small business. No one is giving me an automatic raise. And with inflation, just the opposite. What I have, does not go as far.
I don't see how we can afford it at this point.
cd :O)
You can't. The it's a cancer that grows until it meets resistance, or kills the host. The founding fathers understood this, which is why the specified this country was to be founded under the principle of small and limited government... But talk of that today is considered dangerous.
Who said this raise is in reaction to inflation, exactly?
*ALL* federal and military raises are in response to inflation by practice, more so than law. The index is used as the base. IF this 4.6 gets tacked on, I think this will make it the largest ever in history. But then again, this inflation is the largest ever in history.
and as any retiree or fed will tell you, the federal insurance (medicare or health) passes a premium increase to eat most if not all of it up. the net, is cleverly designed to be as close to zero as possible. The only money a fed will ever see is quality step grade increases (which are limited in supply) and/or job level/classification changes (which are limited in supply). It is not like the private sector where the bosses can just walk by and hand out money.
Where does the $ come from to pay this increase? Our taxes. I own a small business. No one is giving me an automatic raise. And with inflation, just the opposite. What I have, does not go as far.
I don't see how we can afford it at this point.
cd :O)
do what 47% of small businesses announced today they are doing in the next 2 months: raise prices. I am.
Since they're such fans of socialism, I say pay increases should be on a sliding scale from 10% to -10%, with the most senior employees like Fauci and Biden getting -10%, GS15/equivalents getting 0%, the most juniors getting 10%, and everyone else somewhere in between, until everyone's paid the same.
Not a bad idea. I even like the GS/15 break point.
When I was a graduate student at UC Berkeley Governor Brown Jr. decided to take the money allocated to a cost of living increase for state employees and divide it by the number of state employees.
Everybody got a 75 dollar raise. I really appreciated that as a teaching assistant.
The problem with percentage increases is that over time it leads to wealth inequity. Also the people, hit hardest by the Biden inflation are at the lower income levels.
They need more help than Fauci. His cost of living did not go up by 20,000 dollars over the past year.
I really think if someone is working, not matter what job, they should be getting MORE than something that is NOT working by choice.
2024 may not come soon enough, I have a really bad feeling the whole system is goigg to crash and burn and it'll make the 1930 Depression look like a cakewalk
*ALL* federal and military raises are in response to inflation by practice, more so than law. The index is used as the base. IF this 4.6 gets tacked on, I think this will make it the largest ever in history. But then again, this inflation is the largest ever in history.
Since 1970, here are all of the % federal pay increases more than the proposed 4.6% Biden has in his upcoming budget:
*ALL* federal and military raises are in response to inflation by practice, more so than law. The index is used as the base. IF this 4.6 gets tacked on, I think this will make it the largest ever in history. But then again, this inflation is the largest ever in history.
and as any retiree or fed will tell you, the federal insurance (medicare or health) passes a premium increase to eat most if not all of it up. the net, is cleverly designed to be as close to zero as possible. The only money a fed will ever see is quality step grade increases (which are limited in supply) and/or job level/classification changes (which are limited in supply). It is not like the private sector where the bosses can just walk by and hand out money.
Not even close.
Nixon had a 10%+ year, hell he averaged more than 6.5%.
It is the largest ever because THEY CHANGED THE FORMULA
Right now inflation is at anywhere between 12% and 18% using the same factors as the 1970's
We're talking about Fed pay raises, not inflation.
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