U.S. Economy Booming for Federal Workers. Massive Pay Raises Across the Board.

BCTTWR

EOG Dedicated
Federal Workers Get More 6 Figure Salaries.
Average pay $30,000 over private sector
By Dennis Cauchon
USA TODAY
The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.
Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months ? and that's before overtime pay and bonuses are counted.
Federal workers are enjoying an extraordinary boom time ? in pay and hiring ? during a recession that has cost 7.3 million jobs in the private sector.
 

brucefan

EOG Dedicated
Re: U.S. Economy Booming for Federal Workers. Massive Pay Raises Across the Board.

Glenn was all over this jaw dropper last night

More shared sacrifice Mr President?

I thought we all had to have skin in the game?

Nice piece also on the omnibus spending package , as our treasury gets looted even further


WARNING

THIS WILL MAKE YOUR HEAD EXPLODE!:shoot:




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brucefan

EOG Dedicated
Re: U.S. Economy Booming for Federal Workers. Massive Pay Raises Across the Board.

DOOMED I TELL YA,





Obama To Freeze Government Salaries At All Time High



Submitted by Tyler Durden on 11/29/2010 10:53 -0500



In 10 minutes the teleprompter in chief will announce that he is about to freeze government salaries for two years. Of course, government workers thank him, as this means federal salaries which have exploded in the past 5 years will be stuck at all time highs for at least two years, even as nominal salaries for everyone else (except FIRE workers of course) continue to decline. As we suggested a few days ago, in order to promote some vaguely credible idea of austerity, instead of freezing salaries, Obama needs to be cutting. Why? One look at the chart below explains it all.

And here is what we said a few days back on the topic of record government worker salaries:
For all those wondering how to cut down on government expenditures, here's a thought: cut the skyrocketing salaries! A study by USA Today, using US Office of Personnel Management data, confirms what has been widely known: that the biggest beneficiaries of government largesse over the past 5 years as a worker cohort, are none other than Federal workers themselves. The numbers are stunning: those earning over $150,000 in the past five years have grown from 7,420 to 82,034, a 1,006% increase. More shockingly, those earning over $180,000 has surged from just 805 in 2005, to 16,912 in 2010: a 2,001% increase. And it is on the background of this that Congress is planning on giving 2.1 million federal workers another 1.4% across the board pay raise! Additionally, it appears that the bulk of the gains have taken place since Obama took office. Can someone please stop the lunacy: this country is beyond bankrupt and it turns out that in addition to Wall Street (which everyone knows does nothing but transfer wealth from the middle class to a few choice CEOs and groupthinking Bloomberg terminal operators), the biggest thief is the very government itself, which has perfected the art of giving with one hand, and taking with 10, almost as well as those enclosed in glass corner offices on Park, Lexington and Broad (and now West).
The stunning comparison of what Federal workers were making in 2005 and 2010, spread by income bucket:
More from USA Today:





Federal salaries have grown robustly in recent years, according to a USA TODAY analysis of Office of Personnel Management data. Key findings:
  • Government-wide raises. Top-paid staff have increased in every department and agency. The Defense Department had nine civilians earning $170,000 or more in 2005, 214 when Obama took office and 994 in June.
  • Long-time workers thrive. The biggest pay hikes have gone to employees who have been with the government for 15 to 24 years. Since 2005, average salaries for this group climbed 25% compared with a 9% inflation rate.
  • Physicians rewarded. Medical doctors at veterans hospitals, prisons and elsewhere earn an average of $179,500, up from $111,000 in 2005.
Federal workers earning $150,000 or more make up 3.9% of the workforce, up from 0.4% in 2005.

Since 2000, federal pay and benefits have increased 3% annually above inflation compared with 0.8% for private workers, according to the Bureau of Economic Analysis. Members of Congress earn $174,000, up from $141,300 in 2000, an increase below the rate of inflation.

Jessica Klement, government affairs director at the Federal Managers Association, says the government's official pay analysis shows that federal workers earn less than private workers for comparable jobs. Still, she says, managers are willing to give up next year's raise: "If it will help the country bounce back, they're willing to make the sacrifice."
And just to make sure you get really angry, here is how one Federal Union views the fact that government workers as a whole are now the second best paid group after Wall Street:



National Treasury Employees Union President Colleen Kelley counters that the proposed raise "is a modest amount and should be implemented" to help make salaries more comparable with those in the private sector.
Once again, we get confirmation that Americans always get nothing more or less than the thieves in control they deserve, and elect.
zero hedge | on a long enough timeline, the survival rate for everyone drops to zero
 

tank

EOG Dedicated
Re: U.S. Economy Booming for Federal Workers. Massive Pay Raises Across the Board.

And if he did nothing you would still whine and cry and scream the sky is falling.You cry when he stops the pay and complain that the pay is too high?What a manic depressant!!!!Anything else you are going to whine and cry about??
 

markinsac

EOG Dedicated
Re: U.S. Economy Booming for Federal Workers. Massive Pay Raises Across the Board.

Agreed or a-greed! You see there's this human component called "greed" that works well with Liberals too. If you think about it, the most expensive places to live: New York City, Los Angeles, San Francisco and Boston. Those cities are also home to the highest concentration of "Liberals". LIBERALS LOVE MONEY TOO. They just like to act like they don't.

Posted by a Liberal
 
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