Posted on 08/11/2010 2:57:27 PM PDT by NoLibZone
That is why you don't add those small numbers to the mix. However those CEO's run companies that produce stuff unlike the govt. employees whose salaries are only contingent on the amount of monies that can be extorted from the American citizens.........
I've always dreamed of owning a company where I don't produce a product but yet have an unlimited cash flow and no accountability for whatever service I might claim to be providing..........
“Naw, that’s how everybody thinks when they know someone intends to steal their stuff.
I have ZERO tolerance for theft. And that’s ZERO, as in 00000000. So don’t even think about it.”
When pensions go bust in the private sector people are mad, but they don’t shoot people, generally. They get a haircut and collect from the PBGC. Only Feds react with death threats, and that was sort of my point.
Maybe it’s just bluster, maybe not. We taxpayers have to rein in the costs of government, and the legacy costs of government. When that starts to happen, we need to beware of federal employees, because they actually think they worked hard and deserve their pensions - very few of them did, and do - but they are detached from that reality - and they will not react appropriately or peacefully against the poor struggling taxpayer who, chances are, doesn’t have a pension, yet works harder than most government employees ever will.
Granted, you are expected to react with gun violence, as you apparently worked for the USPS, and “going postal” is a cliche’ we now have to take much more seriously.
Relax, sit back (you remember how to do that, right?) and we’ll let you know if we feel like continuing to pay you.
Still, what we are talking about are statistics that DO NOT INCLUDE the 7 million CEOs ~ by themselves they exceed the number of federal employees.
The numbers are simply not comparable.
I can always appreciate a joke on me - I’m not the smartest lightbulb on the tree; however, I don’t have a TV so can’t relate to the Simpsons. On the other hand, if you’re breakfast hungry and need a cup of coffee and a doughnut, it’s real good to know me and my wife.
And, of course, you and certain other Freepers are welcome to sit beside the campfire and take your fill.
Well, hell, let’s set the record straight right now: If you show up on my porch and ask for a cup of coffee, I won’t pull out the M-60 and open fire. There, you’re safe.
Don’t know where to go from here:
Merry Christmas???
You have a problem on your hands that's very serious ~ you can't destabilize the federal retirement system witout destroying the entire financial system. I also have a 401(k) equivalent from the government which is invested in stocks that finance your place of work, or, if not yours, someone else's.
I think most of you people have absolutely no understanding of how the federal retirement is structured or financed.
It's not like the state and local systems. You should reserve your venom for those guys.
I've been seeing that for a couple of decades, now.
The only way to remedy that is :
Allow all existing union contracts to expire.
Make public employee unions illegal again!
Rehire public employees who at a maximum (not entry-level) will track the identical private worker's average local salary, benefits and retirement. Permanently
No more raises for phony "certificates and degrees." No more "step raises" for simply being alive.
If the union parasites don't like it, let them go into the competitive market, where salaries and raises are based on performance and results!
The only way to break the contracts is for the various government entities to go broke.
DNC threatening that a government may go broke is in now way a threat!
It would be freaking F A N T A S T I C !
I think federal workers start out at about the same pay, but they get faster and steadier increases.
“For the most part federal retirements are paid for by the employees themselves through a rather steep savings plan”
No, No, No, No.
You know what you paid? You paid in roughly what everybody pays in Social Security - and you didn’t pay social security. Then you had the TSP (403B/401k-like creature) that you could pay into voluntarily. You have a much more lucrative pension than folks that paid into social security, but paid roughly the same give-or-take a few points here and there. Yet you get much more than they do.
Or if you are in the new federal system (doesn’t sound like you were) you pay social security, a small contribution to a pension that is also smaller and then pay voluntarily into the TSP.
Is that fair? Folks pay into social security and then get a small stipend (and folks in their 40’s and younger aren’t going to even get that).
I think that the more people learn about the federal retirement benefits and other perks - the more outraged they’ll be, and the deeper they’ll cut.
Start with the truth - it will set you free.
You don't know and you don't care.
“Gee whiz, I know what my retirement is about, and I also earned Social Security.
You don’t know and you don’t care.”
I may not have it exactly right but I am close, but hey by all means, correct me. Tell us exactly where I’m wrong - tell us about all the perks. Tell us, please. We didn’t even talk about health benefits. How much do you get for that?
Then we’ll get some folks who worked for a living to chime in on what they get.
It will be enlightening. For you, and for them.
Come on, I dare you. I so want this discussion to occur - I want people to understand exactly what they are paying government retirees - and present employees.
Neither you, nor any other federal retiree will have an open, honest discussion about it. You are starting to figure out how pissed people are about it - and you will protect it tooth-and-nail. It’s too late....the buzz you hear is the haircut coming. You can’t shoot every taxpayer, can you?
Prove me wrong - in detail. I will acknowledge I am wrong if you provide the details.
What that meant is you had a whole lot of folks with advanced degrees who could not be promoted since none of the guys at the middle and upper levels were retiring.
The response to this untenable situation (like folks with doctorates really don't want to take detailed orders from pukes with a BS in elementary education ~ if you get my drift) actual management was simply flattened, or as in the USPS, simply eliminated to the degree possible.
Flex Time was instituted.
There are, today, about the same number of federal employees, counting USPS, as there were under JFK!
The whole objective of the federal pay system during this period was to KEEP people because quite frankly it had abominable career advancement conditions.
The "fringe" is that I've actually paid more than was needed ~ and the supposed deposits made by the federales really weren't deposited, but they weren't needed either.
On the other hand USPS through the last 15 years has ended up depositing $75 billion more into the fund than other agencies are required to do, and this burden kept postal salaries BELOW private sector comps.
SO, yeah, buddy, you'll get shot and so will your dogs you try to steal more from me. The theft has already been substantial and I ain't gonna' take it anymore.
The plan worked.
Now, you want to renege on the plan and let the Commies back into the federal workforce?
You’ve certainly sent out a number of interesting challenges. I’ll be watching...
I did some analysis some time back and found that the average GS 15 or above postal management type worked such a short time at that level before being fired or retiring (usually somewhat disabled) that they were ahead if they'd just stopped at EAS 25 and worked 5 more years in a far less stressful position.
Whatta'benefit eh!
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