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Government Shutdown 2015?

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Q

queencitybuckeye

Senior Member

7,117 posts
Sep 12, 2015 9:10 AM
ZWICK 4 PREZ;1749936 wrote:No one can set aside living expenses for 18 months making 20k a year. No one can set aside living expenses for 8 months making 20k a year.
Of course they can. Many do. Curious, how many of those laid off in the government shutdown make anything like $20K? A small number, I'd guess.
Sep 12, 2015 9:10am
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 12, 2015 9:16 AM
queencitybuckeye;1749941 wrote:Of course they can. Many do. Curious, how many of those laid off in the government shutdown make anything like $20K? A small number, I'd guess.
You're delusional.
Sep 12, 2015 9:16am
HitsRus's avatar

HitsRus

Senior Member

9,206 posts
Sep 12, 2015 9:53 AM
ZWICK 4 PREZ;1749934 wrote:get the fuck over yourself. You have a job that allows you to go a year and a half without needing money. Awesome. Do you think anyone making 20,000 a year can do that? It's not about being a dipshit, dipshit.
jeezus...This is the crap that Bernie Sanders fills your head with.

That doesn't happen overnite! What gut it referring to is a financial rule of thumb that families should strive for....a nest egg worth 6month's income for financial emergencies. That usually takes years to acquire and takes some discipline. More recently, that number has been upped to more than 6 months....a year or more, and that Gut has 18 months is a tribute to his financial discipline and hard work over many years.

While this is basic personal finance, Bernie Sanders fails to comprhend it himself. The man has a NET WORTH of less than a half a million dollars, and revolving debt of 60K despite being over age 65 and having been a United States Senator. This is a man the nation should hitch its future to? LOL.
People that make $20 K should aspire to better employment opportunities, or at least to partner with another person making at least the same so that they can double their income and cut individual expenses. These are choices people make and they should be held responsible for those choices to some degree. It is not the fault of corporations, business or productive people for the choices that they made, nor should those entities be forced to subsidize those choices.
Sep 12, 2015 9:53am
Q

queencitybuckeye

Senior Member

7,117 posts
Sep 12, 2015 10:39 AM
ZWICK 4 PREZ;1749943 wrote:You're delusional.
Been there, done that. Sorry that it doesn't fit your victim mentality.
Sep 12, 2015 10:39am
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 12, 2015 11:55 AM
HitsRus;1749954 wrote:jeezus...This is the crap that Bernie Sanders fills your head with.

That doesn't happen overnite! What gut it referring to is a financial rule of thumb that families should strive for....a nest egg worth 6month's income for financial emergencies. That usually takes years to acquire and takes some discipline. More recently, that number has been upped to more than 6 months....a year or more, and that Gut has 18 months is a tribute to his financial discipline and hard work over many years.

While this is basic personal finance, Bernie Sanders fails to comprhend it himself. The man has a NET WORTH of less than a half a million dollars, and revolving debt of 60K despite being over age 65 and having been a United States Senator. This is a man the nation should hitch its future to? LOL.
People that make $20 K should aspire to better employment opportunities, or at least to partner with another person making at least the same so that they can double their income and cut individual expenses. These are choices people make and they should be held responsible for those choices to some degree. It is not the fault of corporations, business or productive people for the choices that they made, nor should those entities be forced to subsidize those choices.
it doesn't matter what lifestyle you live, you can't bank that money on 20,000 dollars a year. I don't care how many years you live.
Sep 12, 2015 11:55am
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 12, 2015 11:55 AM
queencitybuckeye;1749960 wrote:Been there, done that. Sorry that it doesn't fit your victim mentality.
I'm sure you did.
Sep 12, 2015 11:55am
like_that's avatar

like_that

1st Team All-PWN

26,625 posts
Sep 12, 2015 12:45 PM
ZWICK 4 PREZ;1749979 wrote:it doesn't matter what lifestyle you live, you can't bank that money on 20,000 dollars a year. I don't care how many years you live.
If you're single it's doable. Not as easy as other income levels obviously, but you can do it. If you have a kid(s) with that salary, my only question is "why the fuck would you do that?"
Sep 12, 2015 12:45pm
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like_that

1st Team All-PWN

26,625 posts
Sep 12, 2015 12:46 PM
BTW, Tuesday is the halfway point thru September, and our elected officials haven't come close to discussing a budget or CR. These guys have no urgency.
Sep 12, 2015 12:46pm
G

gut

Senior Member

15,058 posts
Sep 12, 2015 3:23 PM
ZWICK 4 PREZ;1749934 wrote:get the fuck over yourself. You have a job that allows you to go a year and a half without needing money. Awesome. Do you think anyone making 20,000 a year can do that? It's not about being a dipshit, dipshit.
Yes, the vast majority of time it IS about being a dipshit. I've seen plenty of people making 60-80k or more a year living paycheck to paycheck. When it comes to finances, the vast majority of people are absolute dipshits.

And I was responding to someone else who asked me a question. I answered. I don't need to "get the fuck over myself" you need to grow up and quit crying.
Sep 12, 2015 3:23pm
G

gut

Senior Member

15,058 posts
Sep 12, 2015 3:31 PM
ZWICK 4 PREZ;1749979 wrote:it doesn't matter what lifestyle you live, you can't bank that money on 20,000 dollars a year. I don't care how many years you live.
Sure you can. A person making $20k a year does not have the same expenses as someone making $120k a year. For pretty much anyone, it simply means saving about 10% of what you earn, and after 10 years or so you will have about 18 months of income saved.

It's really fucking simple, basic math. Simple, basic math that, as I mentioned, tends to elude dipshits.
Sep 12, 2015 3:31pm
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ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 12, 2015 3:35 PM
gut;1750056 wrote:Sure you can. A person making $20k a year does not have the same expenses as someone making $120k a year. For pretty much anyone, it simply means saving about 10% of what you earn, and after 10 years or so you will have about 18 months of income saved.

It's really fucking simple, basic math. Simple, basic math that, as I mentioned, tends to elude dipshits.
do you live in some fantasy world where everything is free?
Sep 12, 2015 3:35pm
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ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 12, 2015 3:48 PM
Ok so at 20,000 a year, getting paid twice a month, your take home is ~$522 a check or ~$1044 a month. You live in shit poorville and rent is $400 a month. You pay $30 a month to ride Sarta. Your groceries are $300 a month. Your utilities eat up most of the remaining 300 a month. That's assuming you never go to the hospital or have any incurred costs which is impossible. Tell me where you're saving?
Sep 12, 2015 3:48pm
sleeper's avatar

sleeper

Legend

27,879 posts
Sep 12, 2015 3:54 PM
ZWICK 4 PREZ;1750065 wrote:Ok so at 20,000 a year, getting paid twice a month, your take home is ~$522 a check or ~$1044 a month. You live in shit poorville and rent is $400 a month. You pay $30 a month to ride Sarta. Your groceries are $300 a month. Your utilities eat up most of the remaining 300 a month. That's assuming you never go to the hospital or have any incurred costs which is impossible. Tell me where you're saving?
Simple, you have a couple kids and live on welfare. That's the Democratic way.
Sep 12, 2015 3:54pm
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ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 12, 2015 3:58 PM
sleeper;1750072 wrote:Simple, you have a couple kids and live on welfare. That's the Democratic way.
My point is everyone says "oh just save" and totally loses fucking reality of what life costs.
Sep 12, 2015 3:58pm
HitsRus's avatar

HitsRus

Senior Member

9,206 posts
Sep 12, 2015 11:13 PM
Ok so at 20,000 a year, getting paid twice a month, your take home is ~$522 a check or ~$1044 a month
No, dude.....at 24 paychecks a year your take home for a single person only claiming themselves is about $700/ check...thats's an extra $180. Not a lot granted.....but saving $50 a check is doable. The point really is that a bus boy's income should not be considered an end all job that one aspires to their whole life....or one that one should attempt to raise a family on soley.
Sep 12, 2015 11:13pm
G

gut

Senior Member

15,058 posts
Sep 13, 2015 4:43 AM
ZWICK 4 PREZ;1750065 wrote:Tell me where you're saving?
Give me a real budget and I can save you 10% a month, regardless what you make. I will take that bet 9 times out of 10 and win 95% of the time. If you disagree you've never stood in line at a cable service center.

Again, the vast majority of people are dipshits - the simple fact is most people save to buy shit, not save for a rainy day. For several years the US savings rate averaged around -1.5%. NEGATIVE 1.5%!!!! That's because dipshits buy IPhones eventhough they can't afford it.

I'll say it one more time so it sinks in: the vast majority of people save so they can buy something. They do not budget/expense savings. It's not a priority. Most people don't plan to set aside 10% of their take home for a rainy day. There's no fun in that. If they wanted to save that 10% as badly as they wanted HBO, they could do it. But they don't because they're a dipshit.
Sep 13, 2015 4:43am
G

gut

Senior Member

15,058 posts
Sep 13, 2015 4:51 AM
ZWICK 4 PREZ;1750078 wrote:My point is everyone says "oh just save" and totally loses fucking reality of what life costs.
And the point is most people spend for the life they want and not the life they can afford. Show me a person living paycheck-to-paycheck and I'll show you someone easily pissing away 10% of their check living beyond their means.
Sep 13, 2015 4:51am
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 13, 2015 10:10 AM
HitsRus;1750175 wrote:No, dude.....at 24 paychecks a year your take home for a single person only claiming themselves is about $700/ check...thats's an extra $180. Not a lot granted.....but saving $50 a check is doable. The point really is that a bus boy's income should not be considered an end all job that one aspires to their whole life....or one that one should attempt to raise a family on soley.
Uh , no it isn't. You aren't getting anywhere close to 700 on the check. 520-540
Sep 13, 2015 10:10am
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HitsRus

Senior Member

9,206 posts
Sep 13, 2015 10:26 AM
http://www.calculator.net/take-home-pay-calculator.html?cannualincome=20000&cpayfrequency=Semi-monthly&cfilestatus=Single&callowance=1&cdeduction=0&cstatetax=2.5&ccitytax=1.5&cadditionat1=no&printit=0&x=62&y=14

I used two different take home pay calculators. The general one, a U.S average was over $700. Using Ohio specific rates, 2.5% on 20K income and assuming a 1.5% city tax $670.
Sep 13, 2015 10:26am
B

BoatShoes

Senior Member

5,703 posts
Sep 13, 2015 11:37 AM
Let's suppose it is true that everyone can save 10% of their income but most Americans are just "dipshits" and make poor choices and have a moral failing in their inability to do so.

Personal consumption is almost 70% of U.S. GDP. If everyone saved 10% of their income you're looking at a loss of over a trillion worth of GDP. If we Run a Trade Deficit (which is impossible to turn around in a post-Bretton Woods world where poor countries lift themselves into prosperity by selling stuff to us and devaluing their currencies) either the currency issuer has to provide more financial assets to the private economy (treasuries and dollars) than it destroys or the private sector has to take on debt (on net) in order for the output to get sold and the economy to expand.

If we want private people to save more we have to accept the fact that we have to run a higher budget "deficit" by either cutting taxes or increasing spending because U.S. GDP relies on people using credit cards and "living beyond their means." Just look at the the TV commercials. Chase Bank and American Express advertise credit cards that people are supposed to use everyday. Our economy runs on people renting money from banks to buy groceries.

So demean the least well off all you want for being irresponsible, not listening to Dave Ramsey eating beans and living in shacks but provide an answer as to how you are going to come up with the trillions of dollars in lost GDP if everyone was virtuous and saved 10% of their income.
Sep 13, 2015 11:37am
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ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 13, 2015 12:38 PM
HitsRus;1750221 wrote:http://www.calculator.net/take-home-pay-calculator.html?cannualincome=20000&cpayfrequency=Semi-monthly&cfilestatus=Single&callowance=1&cdeduction=0&cstatetax=2.5&ccitytax=1.5&cadditionat1=no&printit=0&x=62&y=14

I used two different take home pay calculators. The general one, a U.S average was over $700. Using Ohio specific rates, 2.5% on 20K income and assuming a 1.5% city tax $670.
I did 2% on city and added in health insurance which you deemed wasn't important I guess?
Sep 13, 2015 12:38pm
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HitsRus

Senior Member

9,206 posts
Sep 13, 2015 6:57 PM
so your automatically assuming there is no employer coverage....another "Thanks, Obama" moment.
Sep 13, 2015 6:57pm
ZWICK 4 PREZ's avatar

ZWICK 4 PREZ

Senior Member

7,733 posts
Sep 13, 2015 8:01 PM
HitsRus;1750531 wrote:so your automatically assuming there is no employer coverage....another "Thanks, Obama" moment.
I'm assuming I'm living in 2015 and making 20,000 a year. Yeah I'm paying for at least part of health insurance.

do you know anyone not in a union that's not paying for health insurance? I sure as hell don't
Sep 13, 2015 8:01pm
B

BoatShoes

Senior Member

5,703 posts
Sep 13, 2015 8:33 PM
ZWICK 4 PREZ;1750558 wrote:I'm assuming I'm living in 2015 and making 20,000 a year. Yeah I'm paying for at least part of health insurance.

do you know anyone not in a union that's not paying for health insurance? I sure as hell don't
In any case this topic is about how people who are living paycheck to paycheck must inevitably be "pissing away" their money and being irresponsible. Going without health insurance of some kind is irresponsible based on the standards of this thread.
Sep 13, 2015 8:33pm
B

BoatShoes

Senior Member

5,703 posts
Sep 13, 2015 8:35 PM
HitsRus;1750531 wrote:so your automatically assuming there is no employer coverage....another "Thanks, Obama" moment.
Many, many people who earn less than $20k per year do not get employer coverage and that was the norm prior to Obamacare and indeed was one of the whole reasons there was even any societal support for something to be done about health insurance in the United States.
Sep 13, 2015 8:35pm