Government pay scales. This just can’t continue.
WANT TO GET RICH? WORK FOR THE FEDS. “As of 2008, the average federal salary was $119,982, compared with $59,909 for the average private sector employee. In other words, the average federal bureaucrat makes twice as much as the average working taxpayer. Add the value of benefits like health care and pensions, and the gap grows even bigger. The average federal employee’s benefits add $40,785 to his annual total compensation, whereas the average working taxpayer’s benefits increase his total compensation by only $9,881. In other words, federal workers are paid on average salaries that are twice as generous as those in the private sector, and they receive benefits that are four times greater.”
Peg asks, “I’m missing something. Shouldn’t we ALL drop our health insurance – and just purchase it if we get expensively ill?”
And I sure as hell agree with her. I am now paying $700 a month, guaranteed to go up when ObamaCare kicks in, for catastrophic insurance. What a chump I am – just as soon as Obamacare is the law of the land and insurance companies have to take me no matter how ill I am, I will stop paying that premium and wait to get sick. I suspect others will do the same – hang onto your wallet.
I can’t reveal the source, but I will tell you this: many (hundreds of) homeowners in our neck of the woods have registered complaints that their lenders are screwing them – they won’t accept short sales from workers under fifty, because they figure they will eventually make money again. Illegal? You bet, but that’s what’s happening.
$5.5 million in 2009 for our President is not, apparently, that certain point.
UPDATE: It would be a shame if this were lost in the comments – from Island Surveyor:
The link contains all the presidential returns, back to FDR’s 1040 for 1913.
The IRS Form 1040 for that year is worth a glance and some thought as to how far “fiscal policy” and the tax code have come. The full instructions are 1 page.
FDR made all of $4,000 in salary and $8227 in dividends. The lowest tax bracket was 1% on incomes of $30 – 50K, and the highest bracket of 6% on incomes over $500K.
New digs for the Eco-Warrior.
$8,875,000 for “an ocean-view villa… with a swimming pool, spa and fountains… 6 fireplaces, 5 bedrooms and 9 bathrooms.”
Another place for Al Gore and his lovely wife “Tipper” to snuggle up and keep warm.
It’s nothing but jealousy and pure peevishness to mock and complain when this delightful, public-spirited man takes another modest step to find some little comfort for himself and his wife.
I swear I remember a time when politicians didn’t enrich themselves at tax payers’ expense. Then again, I wasn’t alive in 1789, so no doubt my memory’s playing tricks on me.
Feds open criminal probe into Goldman Sachs, according to the WSJ That’s a major step beyond the SEC’s civil complaint, but if Goldman is guilty of violating criminal laws, so is every other Wall Street firm. The supposed victims are all big boys, it seems to me, and they can look after themselves. I’m no fan of GS, but I sure haven’t seen any evidence of wrong doing – just people betting on opposite sides of a deal, which is how the institutional side of Wall Street operates. Goldman is NOT, and never has been, a retail operation, so duties owed to Mom and Pop down on Main Street don’t come into play here, despite what our Senators claim.
No one hurt, but a tree crushed a car and narrowly missed an Old Greenwich mother and her child, according to Greenwich Time. I was outside myself on this beautiful afternoon, inspecting some land, and I’ll admit to being a bit nervous as the trees around me (especially a couple of dead ones) were being blown around. Quite a wind.