The more lucrative we make govt work, the more our best and brightest will not become part of the private sector and opt for govt employment instead. Wrong direction.
Government pensions need to come to an end. The math just shows they are unsustainable. Why not have government employees invest their earnings in a 401k or other conventional retirement funding vehicles instead?
All hail The State! Government Uber Alles!
(The peasants? Let them eat cake if they have no bread.)
This demonstrates how far we have come from *citizen representation*.
It is long past time for TERM LIMITS. If members of Congress had not voted to steal all the pensions and benefits from the taxpayers...they would not run for life-time, permanent *elective* office.
There are no penalties for mismanaging the Federal Budget - no lay-offs, reduced pay or other sacrifices within the Congress or bureaucracies. They are out of reach and out of touch.
Criminals!
What about military retirees?
Cancel all congresscritters pensions outright. They have taken a part-time job and turned into a eternal piggy bank. Give them a 10% 401K. Anything over that is theft.
The federal employee pension system was reformed several years ago around a three component program consisting of a greatly reduced pension, social security and a 401K-like benefit. While still a good system, it is not near as expensive as the former system that many members of Congress are presently under which is the old Civil Service Retirement System, a defined bnefit plan based on a percentage of high three salary x years of service. If they also get full social security, they are also receiving a benefit not permitted the normal old system retiree whose social security is offset by their federal pension. Perhaps excessive for federal elected officials, not so much for the regular federal retiree.
I suspect, local, state and Federal employees are going to get to experience themselves, the consequences of their policies that have already trashed the private sector ...from conception to old age.
Guess now that Lou Dobbs is gone, they’ve picked Cafferty to speak for the “Independents”. As I watched him interview some Independents about a Primary, it came to me they’re trying to peel off the Indies from the Republican tickets. If they can successfully divorce the two, the field is wide open for the Dims (a la Perot/Bush & Clinton race).
The Communist New Network, pointing out dat da bes place ta work be da gub-mint. (Unless you be a fat cat at CNN).
Just doing their publik service by providing long-range-financial-planning to da publik.
Congressmen and state legislators shouldn’t receive pensions, benefits or a salary at all. A per-diem for transportation and lodging during their *limited* sessions should suffice as a gratuity for their public service. The idea of perpetual sessions that only end so a new session can start is not what we should be doing.
For government employees, its more of a problem of not being honest with the taxpayers as to the cost of compensating employees. Its easy enough for an actuary to figure out how much the real compensation is for an employee, adding up their salary, benefits as well as deferred compensation. Politicians have just passed on these costs for services that were performed way back when to their successors without funding them.
If the politicians were forced to actually fund ALL of the costs of the public employees when the work is done, you’d see a big cut in the number of employees, amount of compensation or both. But the protocol of passing it on makes its too easy to “be nice” to the civil service unions.
I can’t believe that people complain about this. Isn’t everyone eligible to work for the government? If people find the bennies attractive, why don’t they work work for the government? There must be a reason.....
In the federal government, the employees feel no paih.
I have read several articles recently that the average federal government employee makes $71k and the average private sector employee $41k.
) and I'm not surprised at this. Every one of the permanent employees there at where I work have been there for at least six years, and some have made it past 30! No wonder why if you can get a permanent status employee government job, you're in a very cushy position.When the MSM ventures into honest reporting about the Obama administration, I just assume that it is, in their way of thinking, a little investment in ‘life after Obama’. The MSM is coming to the realization that it cannot control politics with propaganda.
