Comments on: Another Take on Munis as the Next Big Short http://dollarcollapse.com/articles/where-to-look-next-munis/ Your Ringside Seat for the Global Financial Crisis Sat, 04 Feb 2012 01:11:25 +0000 hourly 1 By: Ray http://dollarcollapse.com/articles/where-to-look-next-munis/#comment-897 Ray Wed, 14 Jul 2010 13:52:21 +0000 http://dollarcollapse.com/?p=1345#comment-897 Not every Goverment employee is getting a higher wage than its priviate conterpart. I have 15 years in a FD make 50,000. as a FF/Medic. Half of which goes to my retirement, Insurance taxes and other various what nots including a donation to the united way. It is not bad money but, at least, in my area the starting wages for labor in the oilfield starts at what I am making now. My starting wages were around 25,000.00 a year. I agree it, public service pensions, is out of control, I am willing to give but most are not and that is sad. The folks who are not willing to give are going to eventually make all of us give a lot, sadly it will be the next generations of Americans. Most shamefull. But you know the big banks and investors have the same mindset. I want it all and I want it now. Not every Goverment employee is getting a higher wage than its priviate conterpart. I have 15 years in a FD make 50,000. as a FF/Medic. Half of which goes to my retirement, Insurance taxes and other various what nots including a donation to the united way. It is not bad money but, at least, in my area the starting wages for labor in the oilfield starts at what I am making now. My starting wages were around 25,000.00 a year. I agree it, public service pensions, is out of control, I am willing to give but most are not and that is sad. The folks who are not willing to give are going to eventually make all of us give a lot, sadly it will be the next generations of Americans. Most shamefull. But you know the big banks and investors have the same mindset. I want it all and I want it now.

]]> By: QQQBall http://dollarcollapse.com/articles/where-to-look-next-munis/#comment-896 QQQBall Tue, 13 Jul 2010 14:42:17 +0000 http://dollarcollapse.com/?p=1345#comment-896 Compounding the problem is that gov't pay is not lagging private sector wages.... the pay less now and moe later has become - pay more now and even more later. Compounding the problem is that gov’t pay is not lagging private sector wages…. the pay less now and moe later has become – pay more now and even more later.

]]> By: Bruce C. http://dollarcollapse.com/articles/where-to-look-next-munis/#comment-895 Bruce C. Tue, 13 Jul 2010 03:19:17 +0000 http://dollarcollapse.com/?p=1345#comment-895 Unpayable liabilities is the underlying theme to just about every “crisis” these days. The only intrigue is whether or not the wall is hit abruptly or if the inevitable is dragged out for a few years. I say the Federal government will bailout out the state deficits so that yet another crisis can be seen to be “really settling down” (what a joke!). A stealthy monetization such as buying new municipal bond issuances will both satisfy Obama’s political desires to fund unions and the FED’s desire to increase liquidity and keep interest rates down. In my opinion there is absolutely no reason why the fed. gov. will not do this. You really think the Republicans will allow the country to become unglued after taking over in November? Unpayable liabilities is the underlying theme to just about every “crisis” these days. The only intrigue is whether or not the wall is hit abruptly or if the inevitable is dragged out for a few years. I say the Federal government will bailout out the state deficits so that yet another crisis can be seen to be “really settling down” (what a joke!). A stealthy monetization such as buying new municipal bond issuances will both satisfy Obama’s political desires to fund unions and the FED’s desire to increase liquidity and keep interest rates down.

In my opinion there is absolutely no reason why the fed. gov. will not do this. You really think the Republicans will allow the country to become unglued after taking over in November?

]]>