During the recent 16-day partial shutdown of the federal government, the U.S. economy continued to grow, according to this report on a recent survey by the Federal Reserve. In seven of the Fed’s 12 banking districts, growth was moderate and in regions such as Boston the economy continued to expand. Manufacturing was on the…
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As Thomas Sowell has pointed out, politicians like to spend money on government pensions, for obvious reasons. It reinforces their professional ruling-class status, they are spending other people’s money on themselves, and the spending comes down the line in the future. But in a lingering recession and shrinking economy, articles like this are starting…
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Based on a new study from the Congressional Research Service (CRS), Chris Gonsalves at NewsMax reports in “What Debt Crisis? Fed Workers Making More Than Governors” that: At a time when many American workers are struggling to make ends meet and government debt is threatening to undermine economic recovery, thousands of federal employees are…
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Today, President Obama announced that his administration would freeze the pay of federal employees at their current level for two years. Well, that’s a start, if the following chart from Political Calculations showing the relative pay and benefits of federal workers with respect to the average income earner in the private sector is any…
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In an article in USA Today, “More federal workers’ pay tops $150,000,” Dennis Cauchon reports that: The number of federal workers earning $150,000 or more a year has soared tenfold in the past five years and doubled since President Obama took office, a USA TODAY analysis finds. The fast-growing pay of federal employees has…
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