US Economy Sucks. US Debt Spiral ON! Calculation Example: The US Govt Employee

AND...Water is Wet.

Nov 13, 2023

In case you didn’t know it, multiple job holders are growing - working themselves into the oblivion as the Biden administration ignores the issue.

This nugget from Schiff:

If you dig beneath the 999,000 private sector jobs that were created, those were almost exclusively part-time jobs. They’re low-paying jobs. They went to people who already have one or two jobs. The number of Americans working multiple jobs soared almost 400,000, I think, to another all-time record high.”

If you want to work for the US Commie Government, get to carry a weapon, and shake down the plebes for a few more bucks (because a serf claimed a deduction wrong, or the IRS just flat LIED to slyly intrude into your home. That’s what constitutes our economic growth - hiring more government tax thugs.

We lost 35,000 manufacturing jobs. All this talk about the revitalization of manufacturing is just a bunch of BS. We’re losing these jobs. These are productive jobs. They’re good-paying jobs.
Instead, we replace them with more IRS agents. We hired 51,000 government employees added to the payroll. They don’t produce anything but red tape. They actually undermine economic growth. They lead to bigger deficits and more inflation.”

Meanwhile, new Speaker Johnson has not a new idea in his Christian skull.

Johnson presented the plan on Saturday, a week before federal agencies risk shutting down once current funding runs out. The measure wouldn’t impose spending cuts, and it also wouldn’t implement tougher anti-immigration rules at the U.S.-Mexico border, which some Republicans had said was critical to get their support. [ My emphasis.]

So what was the point of getting rid of one RINO to replace him with an equally unoriginal Speaker? Dude better get on his big boy pants.

Calculating Why We Are Failing

As you might know, we have around 161 million jobs, roughly. We have about 23 million state (source) and federal employees, including 260,000 at the Department of Homeland Security with a proposed 2024 budget over $103 billion (page 4). That’s a PROBLEM since they are not protecting anything.

Part-time workers make up about 1 in 6 total workers (27 million x 6 = 162 million as shown below). So, if one removes part-time and government employees from the total, that leaves around 111 million, full-time, private-sector employees.

So every state employee is supported by around 4.82 private sector employees that are working full-time. (I am leaving aside part-time work because one presumes their tax contributions are minimal (>4%) due to the nature of their part-time (which may be multiple jobs together, or buttressing a full-time job.)

Far below shows the weight of this with respect to tax receipts. 85% of the Private Sector Taxes pay Public Employees Salaries. (One accounted included the taxes from the GVT employee - paying for one’s existence as a worker.)

All the information is included in a spreadsheet. I used Zip Recruiter, The U.S. Treasury, the CBO to get a back of the envelope number for how these receipts and outlays tie together.