Give and Take For Public sector Pay cuts!

[meriwether2]

Debt is a bad thing for any individual.

Simplistic and irrelevant.
Debt is not necessarily a bad thing. It depends what sort of debt it is.

The more debt you're in the less you can borrow etc etc

Again irrelevant to the point. You keep throwing in these red herrings.

Lending institutions will tailor the loan to a particular individual based on the creditworthyness. This may be as simple as accepting or refusing an application.
Do you accept this?

Now, do you think security of tenure will impact on credit worthyness?
Therefore while the rate may not be negotiable, security has played an important part in securing the loan.
Do you accept this?

This loan can then be invested as the individual sees fit.

Look at my analogy between the equally paid public worker, and dell employee.

Its quite simple Kevin.
Security equals lower risk. Risk is quantifiable.
Security is therefore quantifiable.

Do you accept this or not?

[meriwether2]

If you lower someones salary you also lower their credit rating (the amount they can borrow) as salary is and always will be considered among the primary factors much more so than SoT.

Well at least now we accept that SoT is a factor.

I never said it was the only factor.
I said it was quantifiable. And you have acknowledged that.
This is progress.

[Kevin Doyle]

Now, do you think security of tenure will impact on credit worthyness?
Therefore while the rate may not be negotiable, security has played an important part in securing the loan.
Do you accept this??

Thats not what you said, you said 'being able to get cheaper credit in order to make investments in order to achieve a monetary return is not a justifiable reason to cut someone's salary' just doesn't have the same negative connotations.

SoT has absolutely no bearing on the lending rate offered on any loan secured. End of.

Look at my analogy between the equally paid public worker, and dell employee.

Its quite simple Kevin.
Security equals lower risk. Risk is quantifiable.
Security is therefore quantifiable.

You accuse me of simplistic irrelevance and you offer this?

[Kevin Doyle]

Well at least now we accept that SoT is a factor.

I never said it was the only factor.
I said it was quantifiable. And you have acknowledged that.
This is progress.

I never said is wasn't a factor in securing a loan. You are starting to tie yourself in knots.

[meriwether2]

You accuse me of simplistic irrelevance and you offer this?

What exactly is wrong with it?

[Kevin Doyle]

What exactly is wrong with it?

A bloke in Dell vs a bloke in the public sector.

Come on...

[Big Bobo]

A bloke in Dell vs a bloke in the public sector.

Come on...

Surely the example is evidence that capitalism and in particular American imperialism cannot be trusted to create and maintain employment. If anything it is an anti-private sector argument as it shows the inability of capitalism to provide for people.

[meriwether2]

A bloke in Dell vs a bloke in the public sector.

Come on...

I get the feeling you'd be more comfortable with an analogy involving Anne and Barry somehow.

I never said is wasn't a factor in securing a loan. You are starting to tie yourself in knots.

I see. It is a factor, but its not quantifiable?
Banks are famous for those 'unquantifiable factors', aren't they?
I think they cann them 'good feelings' in the business.

[Kevin Doyle]

Risk is quantifiable.

Any formula that can accurate quantify risk will invalidate it as a risk.

Risk will always have a degree of uncertainty regardless of how measured it is.

A risk is a gamble.

[Kevin Doyle]

Banks are famous for those 'unquantifiable factors', aren't they?

Thats precisely why they are in the sh*t they are in.