What Did The 'Economics Whiz' Just Do?

Discussion in 'Economy' started by PoliticalChic, Dec 29, 2012.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    1. “Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government. It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. “Stephen Moore: We've Become a Nation of Takers, Not Makers - WSJ.com



    2. How do we leave what Hayek called ‘the road to serfdom”? What he meant was the low-grade, virtual servitude to ever-expanding, unaccountable government that, searching for tax revenues, has appropriated funds that entrepreneurs could have used to grow the economy. A government that has created a protected class of government workers and crony corporations that play by a different set of rules than the rest of us, and has left the nation in hock for generations to come.
    Arthur C. Brooks, “The Road to Freedom”



    3. The average federal employee earned $81,258 per year in 2009. The average private-sector worker earned $50,462. When benefits are added, the private-industry worker gets $10,500, while the federal employee gets $42,000- or more! Federal workers earning double their private counterparts - USATODAY.com

    a. The disparity has grown from 66% in 2000, to 101% in 2009.
    Federal Employees Continue to Prosper | Cato @ Liberty

    b. When you compare job-to-job, which is difficult as job titles are hard to compare, total compensation for federal employees is 50% higher than private sector counterparts. Even considering skill, education, and seniority, it’s still a large disparity.
    USAToday, op.cit.

    c. “An apples-to-apples comparison shows that the federal pay system gives many federal workers significantly more compensation than they would get in the private sector. The total premium costs taxpayers $40 billion (according to Richwine and Biggs) or $47 billion (Sherk) per year above market rates.” Federal Pay Still Inflated After Accounting for Skills
    [see also ]Protected Blog › Login




    4. President Obama returned to Washington yesterday from his $4 million Hawaiian vacation to solve the fiscal cliff crisis. His first move? Signing an executive order lifting the pay freeze on federal employees. Priorities, baby! President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden. Obama Just Issued Executive Order To Give Federal Employees Pay Raises! No Kidding. | Obama

    a. According to a senior Republican congressional aide who has reviewed the executive order and consulted with the Congressional Budget Office, Obama's pay raise will cost $11 billion. "The CBO told us that the President’s pay raise for federal workers will cost $11 billion over ten years," says the aide. The aide explains, "On the cost-estimate, CBO says the (discretionary) cost of the .5% pay-hike the President is calling for in the Exec Order – relative to a freeze – is about $500m in FY 2013 and $11 billion over the ten years from FY 13 - FY 22. The reason why the FY ’13 savings is only $500 million is because the pay hike as proposed by the President’s Exec Order would not go into effect until April 1st, 2013 - when the current CR expires. So it only covers half the fiscal year. The annualized cost of the pay hike is about $1 billion/year." Obama Orders Pay Raise for Biden, Members of Congress, Federal Workers | The Weekly Standard
     
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  2. uscitizen
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    uscitizen Senior Member

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    Same story with slightly different numbers in 2006.
    I brought it up back then and was picked on becuase of it.
     
  3. PoliticalChic
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    PoliticalChic Diamond Member

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    So...there was a President hand-wringing and warning of the 'fiscal cliff' in 2006?

    A whining hypocrite spending like a drunken sailor ready to blame the opposition for economic woes.....but, as a postscript, adds $11 billion to the taxpayer's debts?

    Put us into a $16 trillion hole....

    Don't believe so.

    Nope....this is a one-of-a-kind presidency that deserves every kind of contumely that can be heaped on it.
    AND the only entity that deserves even more vituperation are the dunces who voted this aberration into another term.




    As far as picking on you....'you only hurt the ones you love.'
     
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  4. oldfart
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    oldfart Older than dirt

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    Two questions:

    1. Is there a point in there you are trying to make? If so please state it rather than simply stringing together a series of incoherent pastes.

    2. Do you understand anything you have quoted are are you willing to discuss it? I think not, but out of courtesy, I'll ask. If you think these dregs from conservative bat shit crazy websites support any particular point you are trying to make, try to make the logical argument for us poor souls who labor in reality.
     
  5. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    We are 2 days from 2013.... Six years and a lot wiser now.

    I screamed back then as well, that doesn't give Obama the right to get away with it now.
    Btw, we all payed for Bush's stupidity by getting an even stupider Democrat.


    We have got to stop saying Booosh did it and fix this ship.
    It's sinking and we are ALL on board..!
     
  6. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Stupid questions deserve stupid answers....
     
  7. jillian
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    jillian Princess Supporting Member

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    no. but there also wasn't a bunch of obstreperous teatards who wanted to destroy our economic system back in 2006.

    or do you not understand the fact that the speaker is a pretty reasonable guy who can't control his loons?
     
  8. jillian
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    jillian Princess Supporting Member

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    the questions are reasonable... the cut and paste queen never gives her own thoughts... just regurgitates a multitude of quotes...

    which aren't worth the effort to break down and respond to b/c they're mostly nonsense, half truths and far right wing blogosphere 'opinions'.
     
  9. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    The standard response of those Liberals that can't comprehend PC's posts is to claim that she "copy/pastes" from somewhere.

    I've asked others and I'll ask you: Show us where PC Girls has copy/pasted from and I'll pos rep you.
     
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  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    I noted in another thread that 90% of the growth of the economy since 2007 (when the Dems took control of Congress) has been consumed by the Federal Government. The Federal Government is killing the private sector and real job growth. Government jobs, with the exception of essential services such as the military, are mostly transfer payments.
     

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