Sunday, November 21, 2010

12 facts that will blow your mind - federal employees earn more than the private sector - institutionalized grand theft - half a trillion a year

Source: theeconomiccollapseblog.com

12 Facts That Will Blow Your Mind
Federal Employees And Members Of Congress Are Getting Rich While Those Of Us Who Pay Their Salaries Suffer

#1 According to an article in the Hill, House Speaker Nancy Pelosi's net worth soared from $13.7 million in 2008 to $21.7 million in 2009.

#2 In 2005, 7420 federal workers were making $150,000 or more per year. In 2010, a whopping 82,034 federal workers are making $150,000 or more per year. That is more than a tenfold increase in just five years.

#3 More than half of the members of the U.S. Congress are millionaires.

#4 The total compensation that the U.S. government workforce is going to take in this year is approximately 447 billion dollars.

#5 Today, all members of Congress earn at least $175,000. This is far, far more than the average American makes.

#6 60 percent of the federal government workforce is represented by labor unions.

#7 The median wealth of a U.S. Senator in 2009 was 2.38 million dollars.

#8 In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more. When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more. In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

#9 Insider trading is perfectly legal for members of the U.S. Congress - and they refuse to pass a law that would change that.

#10 According to a recent study conducted by the Heritage Foundation, federal workers earn 30 to 40 percent more money on average than their counterparts in the private sector.

#11 When you factor in such things as retirement and health care benefits, the compensation gap between federal workers and private sector employees gets even larger. Just consider the following quote from the Heritage Foundation study mentioned above....

"Including non-cash benefits adds to this disparity. The average private-sector employer pays $9,882 per employee in annual benefits, while the federal government pays an average of $32,115 per employee."

#12 The personal wealth of members of the U.S. Congress collectively increased by more than 16 percent from 2008 to 2009.

So can the U.S. government continue to afford to shell out nearly half a trillion dollars to federal employees every single year?

No!!!

"Stop hiring these god damn bureaucrats." -- Ezra Pound

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Who's visiting Abel Danger
view a larger version of the map below at whos.amung.us

You Too can be a CAPTAIN SHERLOCK