SoMD Vulnerable: Any preppers on here?

G

gaoptimize

Digitalized
Hi,

That which is unsustainable will eventually cease. In the interest of resiliency in the face of potentially volatile economic times ahead, please drop me a note if you are a prepper or are thinking about it. There could be strength through cooperative planning.

More than 80% of the economic activity in St Mary's county is either directly or indirectly driven by Federal spending. Of the ~$34K per capita ~$27.5K is from Federal spending. St. Mary's is now #24 on the ranking of per capita spending by county (of 3150 counties).

http://www.co.saint-marys.md.us/docs/document27-economicoverview.pdf
St. Mary's County QuickFacts from the US Census Bureau

If you are concerned that unsustainable fiscal and monetary policies will eventually dramatically reduce this spending, leading to a cascade down from the ~$325K median home price followed by a Detroit-style spiral, there are things you should consider doing in advance.

Thanks,
Tom
 
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SG_Player1974

SG_Player1974

New Member
Do you REALLY think there will be that much of a change with the impending furloughs and defense spending cuts around HERE??

Trust me, you will still be seeing people eating out at the local food troughs, spending their 80% at Target, Walmart, etc. and riding their Harleys and driving their H2s around here.

Bottom line is that these actions are no where near what happened in Detroit.

I appreciate your concern though :buddies:
 
itsbob

itsbob

I bowl overhand
SG_Player1974 said:
Do you REALLY think there will be that much of a change with the impending furloughs and defense spending cuts around HERE??

Trust me, you will still be seeing people eating out at the local food troughs, spending their 80% at Target, Walmart, etc. and riding their Harleys and driving their H2s around here.

Bottom line is that these actions are no where near what happened in Detroit.

I appreciate your concern though :buddies:
Click to expand...

So what's the difference between say 20% unemployment, and an almost across the board 20% decrease in salary for a given area??

AND given that, I'd love to share with you how much it's going to hurt in the future, but I can't...

But think of it this way, 20% reduction in workforce means a 20% or more reduction in work getting done.. We are at the End of June, we have Jul, Aug and Sep to get though with only 80% capacity.

1 October there will be considerable NEW work that's not in place because things couldn't get done in time to get it on paper. Funding will be lost, future programs cut, current programs cut back, improvements not made.. etc.. etc..

Even if we end the furlough on 1 October there is no way we'll be recovered from it by next June. Of course the argument could be made that it won't be felt as the people that would be hired for these new efforts aren't working now, so nothing changes.. unless you were one of many that were depending on that new job next FY.. or your current contract expires in August/ Sept/ Oct/ Nov/ Dec.. and they can't get it renewed..
 
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SG_Player1974

SG_Player1974

New Member
itsbob said:
So what's the difference between say 20% unemployment, and an almost across the board 20% decrease in salary for a given area??

AND given that, I'd love to share with you how much it's going to hurt in the future, but I can't...

But think of it this way, 20% reduction in workforce means a 20% or more reduction in work getting done.. We are at the End of June, we have Jul, Aug and Sep to get though with only 80% capacity.

1 October there will be considerable NEW work that's not in place because things couldn't get done in time to get it on paper. Funding will be lost, future programs cut, current programs cut back, improvements not made.. etc.. etc..

Even if we end the furlough on 1 October there is no way we'll be recovered from it by next June. Of course the argument could be made that it won't be felt as the people that would be hired for these new efforts aren't working now, so nothing changes.. unless you were one of many that were depending on that new job next FY.. or your current contract expires in August/ Sept/ Oct/ Nov/ Dec.. and they can't get it renewed..
Click to expand...

I agree with you 100% on what you are saying however...

The OP seemed to reference the impact on local businesses and the local economy. Not particularly towards new contracts, manpower, and changes within the DoD.

I was merely saying that you will probably not see much of a difference when you are out and about town. Basically, you will still see people spending their 80% at Texas Roadhouse, Olive Garden, Target, etc.

It would take A LOT more than 20% to change the habits of the local establishment.
 
G

gaoptimize

Digitalized
SG_Player1974 said:
Do you REALLY think there will be that much of a change with the impending furloughs and defense spending cuts around HERE?
Click to expand...

No, I think the impending furloughs and defense spending cuts that are planned are but a taste of the reductions coming in the future. I'm not talking about dithering around the margin kind of cuts that are largely for show. I'm talking about the kind of real cuts driven be an inevitable fiscal crisis and a preference by those in power to continue to fill the trough of their principal constituents rather than continue to support the non-domestically focused MIC.

I hope I'm wrong, and would prefer hyper-inflation, where those close to the fire hose of freshly printed Government cash tend to do relatively better and mortgage debt evaporates. But I'm increasingly concerned that I'm not.

http://www.zerohedge.com/contributed/2013-06-27/real-disposable-income-falling-2008-rates
 
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goughrmak

goughrmak

New Member
I guess I could be called a "prepper" because we have been putting money away since this furlough has been talked about. Now we are down to 11 weeks, our preperations have been VERY worthwhile. We don't have a lot of excess pay, but we buckled down to save the extra for this. Now, we are not going to have to worry about the loss of pay at all.

I think this is the FIRST time in our lives that we can say we properly planned for a financial situation.

Feels good. Maybe we can do this more when this is over with.
 
I

inkah

Active Member
itsbob said:
.. unless you were one of many that were depending on that new job next FY.. or your current contract expires in August/ Sept/ Oct/ Nov/ Dec.. and they can't get it renewed..
Click to expand...

That's me. Think your Mrs would give me canning lessons so I can be a proper prepper?
 
Vince

Vince

......

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