Who Got Stimulated?By Mark Alexander Â· Thursday, December 2, 2010 (This shakedown has nothing to do with the TSA) "The sober people of America are weary of the fluctuating policy which has directed the public councils. ... They have seen, too, that one legislative interference is but the first link of a long chain of repetitions, every subsequent interference being naturally produced by the effects of the preceding." --James Madison Barack Hussein Obama, intent on increasing your taxes in January by way of letting the Bush-era tax reductions expire (ostensibly to reduce the deficits Democrats created1), has launched a ruse to steal the budget-cutting thunder of his Republican opponents.
First, Obama ordered a freeze on bonuses for some 3,000 of his high-paid political appointees. Then he announced a freeze on the wages of all federal workers for the next two years.
One Social Security administrator summed up the reaction of her fellow federal union workers: "That's why Obama's ratings are below Bush's, and that's hard to be unless you're Osama bin Laden. I can't wait until I retire."
Well, given the fact that federal bureaucrats are now endowed with grossly disproportionate wages and benefits, one can understand why retirement remains attractive for them. On the other hand, millions of private sector citizens will be working well beyond retirement age in order to make ends meet, especially given the increased tax burdens they'll likely incur in the future to pay off Obama's deficit.
Let's review the most recent data.
Compared to more productive private sector employees, whose income is confiscated to pay government wages and benefits, hourly government workers are paid 57 percent more than those in the private sector for comparable jobs ($28.64/hour vs. $18.27/hour). Salaried bureaucrats enjoy average annual wages of $78,901, while those in the private sector average $50,111, and the number of bureaucrats collecting more than $150,000 a year has doubled since Obama took office.
When benefits such as taxpayer-funded contributions to pensions are included, government bureaucrats end up with 85 percent more compensation than their private sector comparables.
On top of that disparity, bureaucrat jobs are virtually tenured, both recession proof and unaffected by a dearth of productivity. Benjamin Franklin once famously said, "Nothing can be said to be certain, except death and taxes." Today, however, you can add government jobs to the short list of guarantees.
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