[mattduke]

$this->bbcode_second_pass_quote('', 'T')he number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.

[mattduke]

$this->bbcode_second_pass_quote('Olaf', 'I') did want to clarify that I work for county level government, and the not the federal.

[CaptainCanuck]

In the province of Ontario the names of all Civil Servants making more than $100,000 are published annually ( On a government website ) It makes very interesting reading; looking for you neighbours, friends etc.

[alpha480v]

$this->bbcode_second_pass_quote('MattS', '')$this->bbcode_second_pass_quote('Plantagenet', 'T')he basic reason why federal employee pay is growing so much more rapidly then private sector pay is that federal employees get TWO raises each year, rather then one.

[spudbuddy]

$this->bbcode_second_pass_quote('AlexdeLarge', 'I') did not know USA Today was a right wing nut publication! Interesting...

America passes a milestone!
http://fabiusmaximus.wordpress.com/2009/01/20/milestone/


We now have more people employed in government than manufacturing and construction. With health care reform and Cap & Trade, its a sure bet that number will grow higher.



It's the classic battle of the Haves vs Have Nots. Those who have jobs (ie Govt. workers) vs. Those who do not (Everybody else)

Since taxes are paid by those who actually produce something ( Govt. is cost center) are rapidly disappearing, how long can this continue?

I guess we will find out...................

[Daniel_Plainview]

$this->bbcode_second_pass_quote('spudbuddy', '')$this->bbcode_second_pass_quote('AlexdeLarge', 'I') did not know USA Today was a right wing nut publication! Interesting...

America passes a milestone!
http://fabiusmaximus.wordpress.com/2009/01/20/milestone/


We now have more people employed in government than manufacturing and construction. With health care reform and Cap & Trade, its a sure bet that number will grow higher.



It's the classic battle of the Haves vs Have Nots. Those who have jobs (ie Govt. workers) vs. Those who do not (Everybody else)

Since taxes are paid by those who actually produce something ( Govt. is cost center) are rapidly disappearing, how long can this continue?

I guess we will find out...................

[AlexdeLarge]

KD has a few thoughts on the matter.................

The Consequences Of "The Big Lie"
http://market-ticker.denninger.net/archives/1723-The-Consequences-Of-The-Big-Lie.html


$this->bbcode_second_pass_quote('', 'I')t may be "politics as usual" to never talk about how bad the economy really is - never talk about the budget deficit in honest terms - and never talk about how revenues are and have been cratering across the board for governments.

But when you are facing a truly horrific situation in this regard, and you need everyone on board to make sacrifices - especially government positions where employees feel especially entitled - "politics as usual" is particularly dangerous.

[rangerone314]

mindTransfer.jpg

Do we know for sure that Bush's mind has not been transfered into Obama's body like in that Star Trek episode? (when Janice Lester switched bodies with Kirk to become captain)

Stay tuned... maybe Bush will escape into public and rant about "Help me! I'm not Bush, I'm OBAMA!"

[rangerone314]

$this->bbcode_second_pass_quote('DoomWarrior', 'M')anufacturing is overrated ... Who needs manufacturing when you've got burger flippers and liposuction clinics? ... America at its best.

[AlexdeLarge]

Related:

D.C. hands out $15M in bonuses despite recession, budget gaps
http://www.washingtonexaminer.com/local/D_C_-hands-out-_15M-in-bonuses-despite-recession_-budget-gaps-8651125-79169767.html

Feds owe Uncle Sam $3B in unpaid taxes
http://www.wtop.com/?nid=428&sid=1838232

You've Got Mail, But the Mailman Hid It
http://www.nbcconnecticut.com/news/local-beat/Wheres-My-Mail-Waterbury-Post-Office-Overwhelmed-79214222.html

Newman!!!

[some_math_guy]

Government employees certainly do not make more money than in the private sector, for any area of expertise. Government work offers the following benefits:

- 'Guaranteed' retirement savings (pension)
- Cheap benefits (health, life, disability)
- Plenty of time off (157 days annually: 104 weekend days, 12 holidays, 15 vacation days, and 26 Earned days off)
- Legislated cost-of-living and pay increases
- Union protection against unpaid overtime etc.

For these benefits, I am willing to accept a 30-50% cut in pay over a similar position in the private sector.

Personally, I have been working with government for about 5 years, and use the extra time I have off from my Job to do consulting part-time. I make about 2x my hourly government rate when doing consulting - but I do not need to worry about losing my house or feeding my family if contracts dry up. Working the 2 jobs brings in just under 100K per year, and although I have been offered positions between 110-150K in the private sector, I am willing to accept lower pay for extra security during these difficult times. I have also structured our family finances so that my 'extra' consulting pay goes mainly to investment and savings, so that if it does disappear, we can continue to live without a significant decrease in our standard of living.

I would suggest that you get on-board the government 'gravy train' while you still can, as once the inevitability of peak oil sets in, along with it's grave implications (no net growth in the economy - ever again), businesses both small and large will be in contraction and consolidation mode and there will be chronic unemployment and falling wages in the private sector.

Protect yourself.

[AlexdeLarge]

$this->bbcode_second_pass_quote('', 'I') would suggest that you get on-board the government 'gravy train' while you still can, as once the inevitability of peak oil sets in, along with it's grave implications (no net growth in the economy - ever again), businesses both small and large will be in contraction and consolidation mode and there will be chronic unemployment and falling wages in the private sector.

[AlexdeLarge]

Mish

Police Officer Responds To "Six-Figure Federal Salary Gravy Train" Post
http://globaleconomicanalysis.blogspot.com/2009/12/police-officer-responds-to-six-figure.html

$this->bbcode_second_pass_quote('', 'H')ere is an interesting email from "David" in response to Six-Figure Federal Salary Gravy Train. The response was not what I expected when I first saw the Email. David Writes:

[frankthetank]

The police officers here can retire at 50 if they have the years in. What is awesome (for them) is that they keep their health insurance (dirt cheap and very good) and with their pensions, they actually make the same or more because of the lower tax brackets. Most get part time jobs in law enforcement out of boredom. The guys do put their lives on the line and deal with thugs, but so do people working at gas stations

[mattduke]

$this->bbcode_second_pass_quote('', 'I') am 29 years old and I make about $130k a year with overtime. Most of the officers make this and some even make $185k a year. A few supervisors in Internal Affairs have made of $200k along with detective sergeants.

To be honest, I think our salaries are totally out of touch with not only the private sector, but with America. It's absolutely ridiculous. When I became a police officer we were all making way below what private sector employees made. I took the job knowing I will never be rich but knowing I will have a stable job with benefits.

[Ainan]

$this->bbcode_second_pass_quote('', 'w')elfare for the educated

[bshirt]

$this->bbcode_second_pass_quote('spudbuddy', '')$this->bbcode_second_pass_quote('AlexdeLarge', 'I') did not know USA Today was a right wing nut publication! Interesting...

America passes a milestone!
http://fabiusmaximus.wordpress.com/2009/01/20/milestone/


We now have more people employed in government than manufacturing and construction. With health care reform and Cap & Trade, its a sure bet that number will grow higher.



It's the classic battle of the Haves vs Have Nots. Those who have jobs (ie Govt. workers) vs. Those who do not (Everybody else)

Since taxes are paid by those who actually produce something ( Govt. is cost center) are rapidly disappearing, how long can this continue?

I guess we will find out...................

[Cloud9]

Looks like the Russians won the cold war. We have become what we hated.

[Ferretlover]

Guideline for the Economics & Finance Forum:
$this->bbcode_second_pass_quote('', '[')color=blue] Economics & Finance[/color] Discussions about the economic and financial ramifications of hydrocarbon depletion.

[VZR1800]

I recently started at Tinker AFB as a Sheet Metal Mechanic, making $20.05 per hour. I don't know about anyone else, but after being unemployed 11 months, sending out multiple resumes every day with no response, I am just glad to have a job.

I don't care who it is signing the check, just as long as it is there I am happy. Yeah, the pace is not what I am used to, and I am paranoid about it currently. So while others dissappear at the start of the shift, I am under the aircraft working 8 to 10 hours a day. The ones who vanish can fend for themselves, I will be working, and glad for it.