Saturday, March 10, 2012

Federal Salaries Are TOO High

According to the Bureau of Labor Statistics the average annual salary of ALL government workers in 2009 was an incredible $74,403. The CATO Institute says the average salary in 2010 was $83,679, an increase of $9,276 in one year!!

The USA Today reports that the number of federal employees who earned over $150,000 has skyrocketed over 1000% in five years, from 7,420 workers in 2005 to 82,034 workers in 2010. I wonder how many more workers broke the $150,000 barrier the past two years? Regardless the numbers are obscene!

Worse still, IMO, the CATO Institute reports the total AVERAGE federal worker compensation in 2010 was a whooping $126,141! By comparison, the total average compensation of a private industry worker of far lower at only $62,757! Gee, don't you wish you worked for the federal government?

And yet The Washington Post reports that dimwit Dems Nancy Pelosi, Steny Hoyer and many more of their colleagues think the increasing federal workers pension contribution from 0.8% (yeah that's right, their current contribution is less than 1% of their weekly gross income) to an incredibly unfair 2.3% over the course of 3 years!

Let's try some math, to see exactly how much of a burden we are talking about. If I was an federal employee earning a $83,679 a year, my current pension contribution would be ... wait for it ... a whooping $13. WOW!!! Next year my contribution would be $21, the year after it would be $29 and the third year, I'm almost afraid to look, but ... the third year my contribution would be a mind numbing $37 each week! I think it's obscene they contribute so little.

It used to be that government workers were paid less than workers in private industry. No more.

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