Presume the US will default on the debt

[TMFMurph]

Now back to the issue of debt default and the debt ceiling:

[Chuck Schumer’s Debt Default - WSJ](Chuck Schumer’s Debt Default - WSJ

Cheers!
Murph

[Leap1]

@TMFMurph

There is no doubt that Trump told many a lie, but for you to say you’ve never heard Biden lie is absolutely amazing!

The issue I raised was Biden’s lying and hypocrisy, and in defense against that all I hear is that Trump lied more than Biden…or in your case, he has never lied, despite tons of evidence to the contrary from non-Fox news outlets.

I specifically detailed how it was not a lie back when Biden voted against the debt ceiling being raised. You did not read my response.

Specifically Biden looked at the horrible tax cuts under W and made his vote a statement about unreasonable debt giving the wealthy tax cuts.

@TMFMurph

Two wrongs don’t make a right, so the fact that Trump lied does not justify Biden’s lies and hypocrisy.

No one is saying two wrongs make a right. Where did you get that. We are saying run of the mill mixed events in DC are not to be equated with Trump as a complete liar. How you equate the two makes no sense.

@TMFMurph

Frankly, neither man is fit for the office of the President IMHO…and no, I don’t watch Fox news. I pray for two totally different nominees versus the mental/emotional/psychological cripples these men both are.

In other words Biden can win again and you are on the other side of the aisle. There is no bowing out for the horrible people who would give yet another tax cut to the wealthy and leave the US with no industrial policy.

Those who cried for supply side econ have no clue what they were talking about for some 4 decades.

Biden is highly accomplished as president. That has zero to do with Trump. It is not a choice between the two of them. Trump is just some bizarre figure who is slowly exiting the stage.

[MarkR]

@steve203

Ah, thanks. No, I did not see a dollar sign, but I did not see it say people anywhere either. To me, “payroll” is money, “government employment” is number of people. Your interpretation makes more sense as only $22M/month seemed really cheap.

FRED generally presents the data better than other sites. They always include units for example. And the other sites grab their data from FRED anyway, so may as well go to the source.

All Employees, Government

[steve203]

@MarkR

FRED generally presents the data better than other sites.

When I started looking, the question seems very simple: what is the Federal government’s payroll expense? The bulk of the links Google provided were for payroll tax revenue. After posting that first number, I finally found the WaPo article that put payroll expense at some $200B/yr, but it look a surprisingly long search.

Steve