Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
o_e_l_e_o
on 10/10/2023, 08:27:10 UTC
But paying 5 million people 11 days wage while they don't even work every single year makes me wonder if any of them are really necessary in the first place and how many of them could we get rid of and still things would run smoothly. 5 million times 11 days times say $100 per day. You do the math. That's money we could use to pay down the government debt. $5 billion.
So given that on the last day last week we added another $35 billion to the debt, then in a year we would save approximately 3.5 hours worth of debt. All just to hammer some working class people a bit more. God forbid they get any PTO! Probably worth pointing out that most other developed nations give their workers somewhere in the region of 30 days a year.

You are barking up the wrong tree, here. The deficit and the debt will not be solved by squeezing workers ever harder and making average people poorer and poorer. We need much larger scale institutional changes, which will never happen precisely because the benefit the people at the top responsible for making such decisions.

For example, we discussed this earlier in this thread:
The completely unnecessary extra 6-7% of GDP we spend over and above European countries because of our moronic healthcare system equates to about $1.4 trillion.
If we moved to a healthcare system which cut out insurers and useless middlemen, we wouldn't save billions a year, but trillions. Every other developed nation manages it - why not us? Because our politicians are bought by medical insurance companies.