|
|
01-19-2018, 12:19 PM
|
#1
|
Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
|
Govt shut down
Govt shut downs are irrelevant to earnings never amount to any financial damage. Media noise I guess.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
01-19-2018, 12:25 PM
|
#2
|
Dryer sheet wannabe
Join Date: Apr 2015
Location: Auburn
Posts: 18
|
Media noise? Or perhaps it's actually the news. Not all the news is a conspiracy.
|
|
|
01-19-2018, 12:32 PM
|
#3
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
|
Quote:
Originally Posted by tinner2u
Media noise? Or perhaps it's actually the news. Not all the news is a conspiracy.
|
No, a lot of it is a twist on reality and some reporter's political opinion.
__________________
*********Go Astros!*********
|
|
|
01-19-2018, 12:41 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
|
The news that I have seen on this has been pretty balanced... the sides are at odds over DACA/border security and each side will blame the other if they can't achieve a breakthrough before midnight tonight. Pretty simple.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
01-19-2018, 12:50 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
|
If the government shuts down, how do I get me free government cheese?
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
|
|
|
01-19-2018, 01:03 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
|
It seems to me the ones that get screwed the most are those of us that visit national parks and forests.
Last shut down I was out west, signs up saying to stay out of parks and forest, but we could still hear lumber being taken down. Mining ops didn't shut down either.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
|
|
|
01-19-2018, 01:06 PM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
|
Quote:
Originally Posted by flintnational
|
Think Martin Marietta's government checks will stop coming? I might want to stop investing in companies relying on government money.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
|
|
|
01-19-2018, 01:07 PM
|
#8
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
|
Quote:
Originally Posted by flintnational
|
Just give Tom a call...
https://en.wikipedia.org/wiki/Tom_Vilsack
__________________
*********Go Astros!*********
|
|
|
01-19-2018, 01:12 PM
|
#9
|
Recycles dryer sheets
Join Date: Nov 2005
Posts: 165
|
Quote:
Originally Posted by GravitySucks
It seems to me the ones that get screwed the most are those of us that visit national parks and forests.
|
I would argue that the 1.3 million active duty military, whose pay will be delayed, suffer the most.
|
|
|
01-19-2018, 01:15 PM
|
#10
|
Recycles dryer sheets
Join Date: Dec 2013
Location: Kansas
Posts: 107
|
I don't get how DACA is part of the budget. DACA has until March 5th. The budget is now.
|
|
|
01-19-2018, 01:22 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,806
|
Quote:
Originally Posted by pb4uski
The news that I have seen on this has been pretty balanced... .
|
Though I have nothing scientific to go on, my subjective impression is that the reporting on this subject has been far more balanced than about 99% of what comes across my computer/radio/TV.
Unfortunately, that's a very, very low bar
To the OP: It is news though IMO, I wouldn't call it noise. Is it blown out of proportion, and will it likely have little effect on the markets? Yes, I think so.
But there are effects, as others have mentioned. Though the pay for some is delayed, not reduced/eliminated, but that certainly is a hardship for many.
-ERD50
|
|
|
01-19-2018, 01:23 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,806
|
Quote:
Originally Posted by Sasset
I don't get how DACA is part of the budget. DACA has until March 5th. The budget is now.
|
That's the "sausage making" aspect of it.
-ERD50
|
|
|
01-19-2018, 01:29 PM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2017
Location: Chapel Hill, NC
Posts: 5,290
|
My sister works for the federal government and every time there is a government shutdown her offices closes. While the shutdown continues she does not get paid. Usually she will eventually get paid but it normally takes weeks/months.
Once I was trying to sell my house and there was a government shutdown and the closing had to be delayed because the purchaser was getting a government loan. Caused a hardship for me a that time.
A lot of people are joking about this but a shutdown can cause a real hardship for people. The legislature has know this is coming, why can't they agree on something. Why can't they govern?
|
|
|
01-19-2018, 01:31 PM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,464
|
According to a number of sources there have been 18 government shutdowns since the current budgeting rules were enacted in 1976. IMO it is just politics and will have little/no effect on the markets.
Other effects (delayed paychecks, closed parks) are real but likely to be very short-term. They may not even happen as a lot of that is up to the Administration.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
|
|
|
01-19-2018, 01:36 PM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2014
Posts: 6,985
|
People that work for the feds should anticipate this happening and make sure they have savings to cover themselves. When we were young my DH would get laid-off occasionally and it was no surprise as it was a boom and bust industry. Some people would whine they could not pay their bills,etc. WE saved $ so it was no problem.
|
|
|
01-19-2018, 01:54 PM
|
#16
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,313
|
Quote:
Originally Posted by ERD50
But there are effects, as others have mentioned. Though the pay for some is delayed, not reduced/eliminated, but that certainly is a hardship for many.
-ERD50
|
A lot of government work is performed by contractors, They don't get paid if they are sent home unless their employers cover them. WHile Federal workers who are sent home have been paid in the past there is no guarantee - this time could be different.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
|
|
|
01-19-2018, 02:11 PM
|
#17
|
Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,181
|
Quote:
Originally Posted by harllee
A lot of people are joking about this but a shutdown can cause a real hardship for people.
|
If someone working for the government or using government services doesn't anticipate this, they are pretty slow. It's happened many times before and will happen may times in the future.
Quote:
The legislature has know this is coming, why can't they agree on something. Why can't they govern?
|
It's leverage. Congresscritters look for anything that gives them some leverage over those that sit on the other side of the aisle.
They wouldn't do it if it didn't work (at least to some extent).
My attitude is to ignore it as best I can.
|
|
|
01-19-2018, 02:12 PM
|
#18
|
Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
|
Quote:
Originally Posted by trixs
I would argue that the 1.3 million active duty military, whose pay will be delayed, suffer the most.
|
That certainly would be.
I thought that was the threat last time but it did not actually happen.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
|
|
|
01-19-2018, 02:14 PM
|
#19
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
|
Do the congressmen get paid when the government shuts down?
__________________
*********Go Astros!*********
|
|
|
01-19-2018, 02:21 PM
|
#20
|
Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,021
|
Yes, I think.
https://www.washingtonpost.com/news/...=.7bb43c91aeaa
Quote:
Here's the background: The government shutdown only affects agencies and employees that are funded through annual appropriations. But that doesn't apply to members of Congress. Salaries for members of the House and Senate are written into permanent law. (Members in both chambers currently make $174,000 a year.) That's why politicians get paid even in the event that Congress can't agree on a bill to fund the government.
|
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|