Get 'em while they last.

Quote:(MYFOX NATIONAL) - Want a six-figure salary? Just get a government job.

Federal employees making $100,000 a year or more jumped from 14 percent to 19 percent during the recession's first 18 months, and that's before overtime and bonuses are counted, according to USA Today . While the private sector has shed 7.3 million jobs, the federal sector has enjoyed a boom.

USA Today's analysis of federal salary data found that Defense Department employees who earned $150,000 or more increased from 1,868 in December 2007 to 10,100 in June 2009. In the Transportation Department, only one person had a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000.

The federal sector's salary averages $71,206 compared to $40,331 in the private sector.

"There's no way to justify this to the American people. It's ridiculous," says Rep. Jason Chaffetz, R-Utah, who is on the House's federal workforce subcommittee.

But USA Today cites three reasons for the increased number of six-figure salaries -- pay increases recommended by both Presidents George W. Bush and Barack Obama; a new pay system that boosts Defense Department employees' pay based on merit; and an ease on paycaps that allows subordinates to get salary increases if their superiors get salary increases.

The Los Angeles Times writes that Washington, D.C. might be the place snatch up a federal job. Citing a report in Newsweek , D.C. is referred to as "a boomtown" -- it has an unemployment rate of 6 percent, which is among the lowest in the country.

To apply for a federal job, visit USAJobs.gov

http://www.foxcharlotte.com/dpp/money/dp...0580628557

Welcome to the new American method of creating wealth....Looting from those that actually produce it.

Too be fair though....This has been been happening steadily for several centuries. The current group of looters has simply put the process into overdrive. Let me be CLEAR....both gangs are equally guilty of the mass looting of the wealth of those that created it.

We are now witnesses of the first period in American history where we are ceasing to create wealth and are instead spending it and borrowing against the labor of our children. It is their future labor that is being used as collateral for the money that has been borrowed to finance global military boondoggles and social /corporate welfare. I am sickened and saddened.:muttering:

fo shizzle.... er.... Fo Shizzle

Yeah,

This has been obvious in the DC area for the past several years. There's a reason that Fairfax and Loudon Counties and the State of Maryland have the highest per capita income per their respective categories.

Thing is it just keeps spiraling up, b/c the costs go higher as the pay goes higher.

They're hollowing out Middle America by taxing them to pay for these gilded salaries.

If I became president, being a realtor in northern Virginia or southern Maryland would become a vastly less lucrative line of work.

(12-12-2009 05:08 PM)DrTorch Wrote:  They're hollowing out Middle America by taxing them to pay for these gilded salaries.

You bring up an interesting point; the left wants to move the lower class up into the middle class and once they're there the left wants to tax them back down to the lower class.

(12-13-2009 10:04 PM)smn1256 Wrote:  

(12-12-2009 05:08 PM)DrTorch Wrote:  They're hollowing out Middle America by taxing them to pay for these gilded salaries.

You bring up an interesting point; the left wants to move the lower class up into the middle class and once they're there the left wants to tax them back down to the lower class.

Actually, the taxes kick in before they get to the middle class and they will never make it.

Greg Mankiw had an interesting blog post a couple of weeks ago that I linked here. Basically, in Virginia (and it would be the same in every state, just with slightly different dollar amounts), the combination of increased taxes and loss of means-tested benefits means that the effective "tax rate" is 100% between $15,000 and $50,000. And we can't understand why poverty has become institutionalized. Duh.