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View Diary: Money-saving Suggestions for Congress to Consider (96 comments)

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  •  suggestions (7+ / 0-)

    1.  Not sure why you are including mutual funds or if similar proposals in the past have done so.  It doesn't make sense to me.  You can't day trade mutual funds[at least the ones I own].  Mine take almost 2 days to buy, and there is a warning that if you buy/sell/buy more than once in a six month period they can cancel all your transactions and refuse your business.  It is the very definition of a long term investment.  And the mutual funds will be taxed when they invest in the other things in the list.

    4.  How many buildings does the federal government actually rent?  I'm sure they rent office space for some things or temporary space, but I'm not sure that use is amenable to buying.  I'm skeptical that the federal government uses an entire building on a permanent basis and rents it.  And the mortgage would be the national debt[doing otherwise is really silly, you'd essentially be paying a higher interest rate for accounting purposes], so really let's be honest; it's never going to be paid off.

    5.  Anything is possible, but I like to give the government credit and are not completely incompetent and think they have analyzed the various shipping options available to them.

    9. 68 in the winter and 80 in the summer doesn't seem comparable to me.  You seem to like it hot.  I think 64/76 is closer to comparable temperatures.  Personally if I had a limited climate control budget for the year, I'd rather go 60/74.  It's currently colder than 68 in my room, and I am essentially naked as I am getting ready for bed.

    Most of your other points I agree with, though a number of them I am skeptical of how much money they'd save.

    •  Good points. (13+ / 0-)

      Your point is well-taken on the mutual funds - if they pay the transaction fee when they buy, it makes sense not to charge it again to the people who buy into the fund.

      I live near Washington, DC and the federal government has both buildings it owns and others it rents.  All these agencies aren't going anywhere so with a depressed market and low interest rates, I would think that it's a good time to convert some of the rentals to owned property.  Other uses, as you mention, are more temporary and renting is appropriate.  I put "mortgage" in quotations because the debt would actually be part of the public debt, not a real mortgage.  But I hope it will be paid off someday.

      As far as the temperature goes, your suggestions are fine, too.  We keep our house at 64 during the day in the winter and 57 at night; in the summer we only turn the air conditioner on when our kids are visiting.  I wouldn't want to impose those conditions on all government employees though.  However, I used to work for the Dept. of Transportation and the building was so cold in the summer that I was chilled even wearing long pants and a heavy sweater over a shirt.  It really was geared toward the comfort of men wearing suits.

      Thanks for taking the time to comment.

    •  Regional variations in temps (2+ / 0-)
      Recommended by:
      Calamity Jean, Lujane

      In our dry heat in AZ, 80 in the summer is quite comfortable, but let it get humid and the same temp quickly becomes unpleasant. Additionally, those of us who have lived here for a while have adapted to the warmer climate, and don't endure cold temps as well. So the 68/80 thresholds would likely work for us, while the 64/76 might be preferred by those in the Northeast. Perhaps we could just establish a mandatory 12-14 degree span for seasonal heating/cooling in those office buildings.

    •  We have a fiat currency, free reserves out of (1+ / 0-)
      Recommended by:

      thin air.

      How does the ISSUER of an infinite supply of computer key strokes, save infinity?  That would be a really BIG safety deposit box, wouldn't it?

      The Treasury borrows from the Fed Reserve, which issues free liquidity points.  From thin air.

      They give free reserves to the banks as  a matter of policy, in their role as lender of last resort.

      Why do We The People get a rationed, while the banks get infinity?

      QE is for banks, my friend.

      Seems we can always afford more private debt.

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