Thread: Monthly return rate - G

This is both good news and bad news...

Good for us, kindof...

Bad for an entity that borrows to cover 40% of its spending. We are now in trouble. At least if the interest rates keep getting forced up...

Originally Posted by Boghie

This is both good news and bad news...

Good for us, kindof...

Bad for an entity that borrows to cover 40% of its spending. We are now in trouble. At least if the interest rates keep getting forced up...

Naw, don't worry about it. They will just find more revenue...

This month I had a monthly rate of return comparable to reeked ass. And that was my tsp return.

My other accounts went to sucked ass.

am I allowed to use the term ass when used technically?

Originally Posted by RealMoneyIssues

Naw, don't worry about it. They will just find more revenue...

RMI, I think the time of pulling leaves off the money tree are behind us. We are in a time of pain.

The interest rate for the 'G Fund' is now: 2.125%.

That dramatically raises the borrowing cost for a broke entity that borrows 30% of its day to day expenditures. An entity that has not paid a dime toward principle for fifty years (yes, that includes the Great Clinton Era where we 'borrowed' from our pension to make it look like we had money). Yowser. Winter is coming...

Originally Posted by Boghie

RMI, I think the time of pulling leaves off the money tree are behind us. We are in a time of pain.

The interest rate for the 'G Fund' is now: 2.125%.

That dramatically raises the borrowing cost for a broke entity that borrows 30% of its day to day expenditures. An entity that has not paid a dime toward principle for fifty years (yes, that includes the Great Clinton Era where we 'borrowed' from our pension to make it look like we had money). Yowser. Winter is coming...

Then I guess its time to raise taxes again. It worked this last time, there are plenty more of the 1% that need to pay their fair share.

Originally Posted by RealMoneyIssues

Then I guess its time to raise taxes again. It worked this last time, there are plenty more of the 1% that need to pay their fair share.

Nope RMI...

They gotta raise taxes on you to make a difference. They have already raised them on the 1%'ers. Gotta get it from me and you...

By the way, the Monthly Treasury Statement is projecting more Federal Revenue in FY2013 than ever before in American history. Why raise taxes? Is every dollar sacred? The Top 1% tax increase was projected in increase revenue by about $70 Billion per year out of a deficit exceeding $1,000 Billion.

The 'Gubmint Maw Needs You' if you want them to keep spending as they have. Maybe you could just fill out a 1040EZ form next year and pay your fair share!!! Don't bother with any write-offs - simplify your life!!!

Originally Posted by Boghie

Nope RMI...

They gotta raise taxes on you to make a difference. They have already raised them on the 1%'ers. Gotta get it from me and you...

By the way, the Monthly Treasury Statement is projecting more Federal Revenue in FY2013 than ever before in American history. Why raise taxes? Is every dollar sacred? The Top 1% tax increase was projected in increase revenue by about $70 Billion per year out of a deficit exceeding $1,000 Billion.

The 'Gubmint Maw Needs You' if you want them to keep spending as they have. Maybe you could just fill out a 1040EZ form next year and pay your fair share!!! Don't bother with any write-offs - simplify your life!!!

I have to pay off my Corporate slave masters first, then I will consider sending all my left over to the IRS. They have to know how to spend all this excess more than I can. Have you seen all the great things they have done for the poor and unfortunate?

Thanks for the great idea!!

Originally Posted by RealMoneyIssues

I have to pay off my Corporate slave masters first, then I will consider sending all my left over to the IRS. They have to know how to spend all this excess more than I can. Have you seen all the great things they have done for the poor and unfortunate?

Thanks for the great idea!!

Do I detect a little snark RMI? I thought I got you. Wasn't certain though. You are playing it very well

Originally Posted by Boghie

Do I detect a little snark RMI? I thought I got you. Wasn't certain though. You are playing it very well

No play, James and FWM have convinced me of my evil, greedy, uncompassionate conservative ways... I could file bankruptcy, but my moral code still forbids me to do that... Only time will tell...

Looks Like No Change:

Interest Rate: The current rate for new loans is 2.125%, which is the current G Fund interest rate.

Originally Posted by Frixxxx

Looks Like No Change:

Interest Rate: The current rate for new loans is 2.125%, which is the current G Fund interest rate.

I think we will see the effect of the interest rate increase in this months Monthly Treasury Statement. Hopefully in a small way...