Government Spending

Posted in Systems at 12:59 pm by bsdman

You know what grinds my gears? It’s government spending. Only in the government can you “balance” your budget by borrowing money from another source. Robbing Peter to pay Paul is no way to run a financial institution.

missouri, fucked

I just read a story from the St. Louis Business Journal that states the following:
Missouri Gov. Jay Nixon balanced his proposed budget with the expectation that the state would receive $809 million in federal funds as part of the federal economic recovery plan.
Let me highlight the interpret this for you as to how I read it:
Missouri is fucked.

It’s not balancing the budget if you’re expecting 809 MILLION DOLLARS to get you back to even money. That means the state of Missouri is probably spending 809 MILLION DOLLARS more than they should be. I have a better idea: why don’t you just spend less money?

Before anyone gets their panties all in a bunch, allow me to explain a little bit. I understand that when times are tough government spending helps the economy push through. But we’ve been spending far beyond our means for several decades now and there is no end in sight. Here’s our current time line situation:
Times are tough – Government deficit spending
Times are good – Government deficit spending
How is that a good plan? Does anyone else see a problem here?

Here’s an idea I’ve been tossing around for a while now:
If you have $400 budgeted, you can spend a maximum of $400.
If you have $400 budgeted, you can spend a minimum of $0.
If you have $400 budgeted and you spend $400, you have $0 left.
If you have $400 budgeted and you spend $0, you have $400 left.
If you spend your entire budget, you will have $0 remaining and you will receive $400 + inflation next year unless a new budget is approved.
If you spend nothing, you will have $400 remaining and you will receive $400 + inflation next year unless a new budget is approved. This means you’ll have $400 + interest + $400 + inflation ($800 + interest + inflation) the following year.
You are rewarded with interest payments when you DO NOT spend your entire budget.
You are not penalized the following year if you do not spend your entire budget. Many people are afraid that if they spend half their budget the following year they will only be allocated half the money the following year.


Another point of government spending that I dislike: pensions.
Government workers don’t pay into social security like the rest of us peons. They pay a small fee into their retirement fund – a fund that is supported mostly by tax money – so they can feel good about raping the rest of us silly. Most public and private companies require a worker to be employed for 20, 30, even 40 years before they can collect a pension. Not so with our elected officials – they can collect a pension of 3/4 pay after “serving” the public for a single term. I don’t know about you, but I’d like to get 3/4 pay for the rest of my life by “working” for 2 to 6 years. Let’s make it so politicians actually have to work – that they MUST vote on each and every piece of legislature that crosses their desks.


And that’s what grinds my gears.


Bank Rates

Posted in Systems at 3:48 pm by bsdman

You know what grinds my gears? It’s bank rates. Not just rates, but fees too.

I used to have the bank known as “State Bank of (insert my hometown here)”. Obviously my hometown is not a state, but still, they had decent rates. And they were the only game in town. Then Lasalle bought them out. Then Bank of America bought them out.

Both of those banks charged me “convenience fees” for just about everything I did. Go to an ATM owned by Lasalle or BOA? $2. Go to a teller to deposit money? $4. Chew food with my mouth open? $15. Write 6 checks in a month? $10. The list goes on and on.

Also, my savings account at Lasalle/BOA was earning a whopping .19% interest. No, you didn’t read that wrong – 0.19% (.0019 in math terms). I’d almost have better luck earning from saving by throwing my money at random people on the street and see what they throw back. Almost.

These are the same banks (Chase, BOA, ETC) that charge 27% interest (.27 math) on the credit cards. Forget to pay on time? They hit you for a $35 “lack of payment fee” on top of the 27% interest. What good is that shit?

And that’s what grinds my gears.