Good thing we got that 2% raise.
Yeah - I spent mine at the grocery store this morning.
Oil closed yesterday at above $106 per barrel....we are headed quickly towards $4 per gallon and probably a lot more. I have a Honda Civic which gets great mileage, but still the cost of commuting is killing me and my family. I am still waiting for the city to screw us with a lag payroll or a deferment of our next raise. I've worked for the DOE for a long time and remember how we teachers were the key to saving programs and such.
I would bet anybody that we will end up with lag payrolls (those are killers for those of us who depend on our salaries) and even a deferment of our raise. Randi will capitulate and give it all away.
Of course, our union dues are rising again in May. What are they doing with all those dollars anyway??? Buying gas?
They're buying $80 million dollar computer systems that don't work as advertised!
They're also giving a tax rebate, I believe, that would more than cover the education cuts.
There's simply no question that Bush and his cronies, with their insanely expensive, ludicrous war and their tax cuts for the super-rich and corporations, have driven the dollar to its current low. They're just plain evil, and I wish they could be brought to justice somehow.
Has anyone checked out the price of gold lately? It's over $970!! It is approaching being a high end luxury item, and not as affordable as it was on a teacher's (top of the scale) salary just a couple of years ago, when gold was under $400 per ounce Luckily, we don't need it to live..... and wheat, milk, and oil prices have not gone up at the same rate gold has, which is approximately 243%. Even with my raise, my current standard of living is noticeably more difficult to maintain. I'm sure the May raise that we sold our professional souls for will get lost in the recession.
Slight clarification...pardon me! Gold is now over $970 per ounce.
Is there a teacher discount?
Gold is up because the Fed keeps lowering interest rates and fanning inflation fears. As long as Uncle Ben and Company continue to debase the currency (and it sounds like we're getting another 75 bps cut this month), gold will continue to rise and the dollar will continue to drop. And as long as the dollar continues to drop, oil and other commodities will continue to rise. It's a pretty tricky cycle.
Commenting by HaloScan
