Great news: Fed workers make twice their private counterparts

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Originally Posted by spursncowboys

govt employees do not have to entice you to take your business to them. They don't have to treat you as a consumer or customer because their office's success is not dictated on how well they performed their job duties.

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spursncowboys, I have a question: do we know where bin laden is at?

we as in you and me?

as in u.s. military

(wink twice if you cant talk)

Rather than bitching about Fed compensation being so much better than private, all y'all should see the stagnant/declining wealth of the lower 95% as the victory of the class war by private employers and shareholders over the private employees.

The real question is why can't private compensation and job security be reasonably closer to public employees?

Real wages have been minimal/flat for 30 years. Households hung on by both parents working, then by going into/lured into debt. Total household debt in the late 2000 was 113% of household income. Single males' real income is actually down from 1975.

St Ronnie got the capitalist/conservative war on employees rolling, set an example for private employers that employees were targets, by firing the air traffic controllers. And then he raised payroll taxes while cutting taxes on the wealthy.

Fed employees, many of them unionized, are not aggressively screwed out of compensation the way private employees are. That's why private employers fire union organizers and bust/block unions, then pay their management 100s of $Ms, no matter what company's performance is (see Home Depot decline for 5 years then they CEO parachutes with $250M)

aka, "the hollowing out, the destruction of the middle class" by the hyper-compensated, wealthy corporate management and shareholders, esp wealthy shareholders, institutional investors.

Now the Banskters Great Depression puts the employers even more ruthlessly in control, a seller's market where the supply of jobs is far below the demand. Employees, job seekers are intimidated. So employers can drive salaries ever lower in this depression.

America is fucked, and unfuckable.

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Originally Posted by spursncowboys

You act like it's make believe.

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No I don't. Do you often play make-believe?

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Originally Posted by George Gervin's Afro

Are you going to post why the difference is so much? You do realize that benefits are included in these figures right? So they don't get paid twice more... why are you so dishonest?

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:lol The article is about compensation.

Silly lib.

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Originally Posted by Nbadan

What's outrageous is that private sector jobs have failed to keep up with the pay and benefits of federal sector jobs...

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Liberal economic logic fail, as usual.

Feds are overcompensated, but then again, that's what happens when you have union shops running things.

They all unionize, then vote as a block for Reps/Senators who give them more pay and benefits, then the union leadership donates their 'dues' to bribe Congress to give them another bump.

It's a perpetual cycle that is going to end in the bankruptcy of the country.

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Originally Posted by Nbadan

...and doesn't my point have as much to do with how much federal employees make versus private sector counter-parts as your point about how federal employees can run their own deficits?

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You're an idiot.

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Originally Posted by DarrinS

I disagree.

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But of course you do.

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Originally Posted by Nbadan

You worked for 50 years and get no pension? Wow..

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First, you suck at reading.

And no, I don't get a pension. I get a 401k. And I like the odds of my 401k being there for me when I retire far greater than some government pension program burdened with hundreds of billions, maybe even trillions of dollars worth of unfunded obligations.

If you set aside a few thousand a year from the beginning you will retire a multi-millionaire. People do it all the time without pensions. Half of old americants don't save shit, rely on social security, and eat dog food though.

But but but but the market is all rigged and all of your privatized money will disappear!! :lol

Everything worth anything has risks. Pension plans have been known before to bankrupt the entire system, be taken over by the government, and automatically cut 50% overnight no questions asked.

Didn't bother reading past the first couple posts.

The one thing missing is comparable jobs. When you take the average worker, you get a mix of blue collar, white collar, and burger flippers, etc.

I wonder how a non executive type federal employee with compares to the average GM employee for wages and benefits?

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Originally Posted by EmptyMan

If you set aside a few thousand a year from the beginning you will retire a multi-millionaire. People do it all the time without pensions.

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Citizens providing for themselves, without the government? OMG!!!!!!!

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Originally Posted by EmptyMan

If you set aside a few thousand a year from the beginning you will retire a multi-millionaire.

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What do you call 'a few'? Some quick math tells me at least 25k for 80 years to get to $2 million...

25K is a good chunk of change. Heck, a couple of years ago I wasn't making 25K for the entire year.

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Originally Posted by ElNono

What do you call 'a few'? Some quick math tells me at least 25k for 80 years to get to $2 million...

25K is a good chunk of change. Heck, a couple of years ago I wasn't making 25K for the entire year.

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There's GOP logic, or lack thereof, at work....just save a couple of thousand a year and you'll retire a multimillionaire! guaranteed!

:lol

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Originally Posted by coyotes_geek

First, you suck at reading.

And no, I don't get a pension. I get a 401k. And I like the odds of my 401k being there for me when I retire far greater than some government pension program burdened with hundreds of billions, maybe even trillions of dollars worth of unfunded obligations.

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...Guess what? If 'some government pension' is worthless then your 401k is worthless too because the government just defaulted on its obligations and all money is now worthless.....get a clue...

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Originally Posted by Nbadan

...Guess what? If 'some government pension' is worthless then your 401k is worthless too because the government just defaulted on its obligations and all money is now worthless.....get a clue...

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That's exactly what I was thinking, lol. :lol

I like how he calls pensions 'unfunded obligations' :lol

Seriously, when the GOP regains power, they will go after Social Security and then it will be game over for the U.S. because that, for better or worse, is our credit reserve... not the Chinese...

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Originally Posted by Nbadan

I like how he calls pensions 'unfunded obligations' :lol

Seriously, when the GOP regains power, they will go after Social Security and then it will be game over for the U.S. because that, for better or worse, is our credit reserve... not the Chinese...

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Well... He's also probably one of those people who eats up the idea of privatizing social security, and then is shocked to learn his social security is destroyed when the market collapses again because of "over-regulation". :lol

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Originally Posted by DMX7

Well... He's also probably one of those people who eats up the idea of privatizing social security, and then is shocked to learn his social security is destroyed when the market collapses again because of "over-regulation". :lol

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Can you imagine if we had privatized even a part of Social Security under Bush41 or Dubya how fucked we would be right now? That idea has quickly been thrown under the bus by wing-nuts...

With Pete Peterson on it, the Deficit Commission is now the cut, privatize (aka, kill) Social Security Commission. Kill it by giving it to Wall St to plunder.

Let's get Fabulous Fabrice/Goldman to put together another Abacus product, and spend all the SocSec funds buying into it.

401K's are already a scam with the corps and fund managers mismanaging the funds, stealing unnannounced, hidden, unchallengeable fees.

The predatory wealthy screwed your salaries and removed any all power you might have an employee (you're a fucking wage slave, STFU and keeping putting in those unpaid hours), now they're (still) after your retirement savings.

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Originally Posted by Nbadan

...Guess what? If 'some government pension' is worthless then your 401k is worthless too because the government just defaulted on its obligations and all money is now worthless.....get a clue...

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You really should stop. You're not very good at this. The government not having enough money to cover it's pension obligations is not the same thing as the government defaulting on it's treasury notes. Joe the retired bureaucrat not getting his pension check does not collapse the entire financial system.

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Originally Posted by Nbadan

I like how he calls pensions 'unfunded obligations' :lol

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$3 trillion in unfunded pension obligations nationwide

That $3 trillion is only for state and local governments btw. Feds not included.

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Originally Posted by Nbadan

Can you imagine if we had privatized even a part of Social Security under Bush41 or Dubya how fucked we would be right now? That idea has quickly been thrown under the bus by wing-nuts...

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So you're admitting you're a wing nut?

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Originally Posted by CosmicCowboy

The Federal pension stuff is ridiculous. I knew an older guy a few years ago that was triple dipping...he did the minimum in the military, minimum in the civil service, and then went to the post office till retirement. He had three pensions.

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I wouldn't be surprised to see the double pension go away. Still, I don't see how he got three pensions unless he retired at 77 or something.

Also, as someone pointed out, the military probably makes a fair amount, perhaps less depending on the job (comm guys, air traffic controllers and med types could probably make more on the outside).