LEHMAN BROTHERS SHUTDOWN
All “Essential” Employees Continue Suckling…
Allowed to Fail in Order “See what would actually happen if a bank went under”
-Martin Young FARRINGDONGROUP.COM
Social Security Payment Checks to be Mailed On Time & Unimpeded.
A New Proposal Increases Payments to Holding Companies of Unsecured Creditors an Offer of 21.4 % Up From a Previous 14.7%
Contingent Upon Acceptance of the Plan in it’s Entirety. (We will have to get back to you on the “additional fine print” on this one..)
Non-Essential Employees Must Sever There BlackBerry E-Tethers or Face Punishment.
Now Estimated to Only Be About 20 Billion In Claims
National Parks Will Close (No Celebretorial Recreating during Government Sponsored Mental Health Days…)
Previous Lehman Payout Were Previously Estimated to be About 60 Billion on Its 322 Billion in Allowed Claims.
National Institutes of Health Stop Accepting New Patients. (No Getting Sick or Outbreaks During Govt Sponsored Siestas)
Initially More Then 1 Trillion in Filed Claims.
Will Likely Pay For Un-worked Hours of Non-Essential Employees; But at an Elevated Cost Structure Due to Associated Fees and Penalties.
Repo 105 Transactions Boosted the Appearance of Lehmans Financial Position Near the Date of the Year-End Balance Sheet.
(Can You Say BONUSES ?)
National Weather Service Will Continue But Reduce “More Mundane” Products Such as the 5 Day Forecast…
Assume An Alter Ego (Hudson Castle) In Order To Manipulate/Offload Non-Performing Financial Risks.
(Why Transfer the Balance on That Credit Card When You Can Just Assume Another Identity With a Larger Initial Limit to Begin With.)
TREASURY DEPT: As Per Usual: Mumblings, Bumblings, Sour Gargoyle Face.. “Very Material” Impact – T. Geithner
Shortly Revised By Administration Officials:
The Treasury Dept. Will Continue One Indispensable Role:
Holding Regular Auctions of Federal Debt, So the Government Could Borrow More Money From the Public.”
I ONLY SLIGHTLY DIGRESS:
My Estimated Projected Costs of Shutting Down Our Government Per Day.
Past Government Shutdown:
NOV 23, 1981 – 1 Day
241,000 of 2,100,000 workers sent home (non-essential)
Estimated COST: 80,000,000 – 90,000,000 (Average 85,000,000)
~8.7% of Govt Employees = Non Essential
My Projected Shutdown costs in 2011
Total Number of Current Govt. Employees Currently in the US:?
8.7% (estimating same percentage essential vs non-essential employees remains unchanged)
~1,855,319 People will now find themselves Non-Essential
-US Bureau of Labor Statistics March 5th, 2010
If we only use the Consumer Price Index to revalue the $85,000,000 of 1981
to a 2010 value of $204,000,000
1981 $85,000,000 / 241,000 Non-Essential Employees =
(Estimated Non-Essential Employee cost per day 1981.)
Given these Previous Estimated costs for a single day of government shutdown in 1981
I project an estimated minimum 1,855,319 (estimated 8.7% of current 21,292,000 government employees
-US Bureau of labor statistics March 5th 2010) * $352.70 (Daily Per Employee Cost 1981) * 2.4 ( 85,000,000/204,000,000)
This gives me an estimated minimum daily Cost in 2011 to allow or elected officials shirk there responsibilities
and further burden the American taxpayer an additional $1,570,490,427.12 A Day to Shutdown.
What I See Being The General Consensus of our Current Elected Body:
We need time to spend more money in order to find a legal precedent as to who is essential and who is not within the ranks of government, and then cary out subsequent studies to gauge the impacts of possible advantages and disadvantages to manipulating this hierarchical organizational chart.
These fat necked actors are going to shirk there responsibilities to find common ground in there capacities as our elected officials, and in doing so will further burden the American taxpayer with what I project above to be a burden of more then 1.5 billion dollars a day.
This behavior is inexcusable.
Our forefathers were asked of far greater compromises
and were able to carry out there duties;
why then do we allow such non-productivity today
in an otherwise demand driven theater..
I do not blame the Fat Cat, for I too would likely gorge myself if given the chance.
I do however hold the rest of us all, myself included
to blame for allowing the current cesspool of inaction and gluttony
to have taken hold among our current elected body.