It looks like American people are getting tired of government employees making about twice – twice! – as much in wages and benefits as we taxpayers make, and there are movements to strip government-employee unions of their collective-bargaining authority, which only makes sense since there is obviously nobody on the other side (the taxpayer side) of the bargaining table!
[Read more...]The Expanding Industry of US Government
February 15, 2010 By Leave a Comment
No lobbyist left behind!
Thats the new motto of the whole Washington establishment. Every spending bill has something in it for everybody.
Today is a holiday in America. Its Presidents Day, a day set aside for Americans to honor those who rule over them. Most Americans think of Washington, Lincoln and Roosevelt…but here at The Daily Reckoning we honor Americas truly great presidents William Henry Harrison, Chester Arthur and Warren Harding those who didnt make things worse.
[Read more...]Blowing Up a City in the Name of Economics
February 10, 2010 By Leave a Comment
Yes, dear reader, your editor is snowed in. Not for the first time this winter.
And were not the only ones. The US government is shut down too. No matter. They werent doing anything but making things worse.
But wait…whats this?
The Washington Post: Blizzard or not, top Treasury staff is snowed in with work.
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The Quantifiable Problem With Private Sector Salaries
I was particularly interested in this week’s ubiquitous newspaper insert, Parade magazine, as its cover featured the interesting article “What People Earn. Our Annual Salary Survey.”
Knowing that the average government worker makes an astounding twice as much in wages and benefits as the average private-sector worker, I was hoping that I could use something in the article to take to my boss, as part of my new Mogambo Income Enhancement Plan (MIEP), and say, “Hey! Look at all the money these people make! I deserve more money to work at this crappy job! And I deserve more because I am probably as good an employee as at least one of these guys! I want a raise! Big fat one!”
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