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The public feels rightly outraged at lavish pay-packages for executives in government-assisted companies that have blown billions in recent years. But why hasn’t the restive public developed comparable indignation regarding the shocking salary increases for an operation that’s been bleeding even more money: the federal government.
For 2009, Washington will spend $1.4 trillion more than it takes in – an unbelievable monthly deficit of more than $100 billion. At the same time, the federal workforce has received whopping salary boosts—at a rate nearly double the increases for those who hold jobs in...
When It Comes to Rewarding Inefficiency, Washington Puts Wall Street to Shame
not comparing federal job categories with the equivalent ones in the private sector and state government. The fact that many federal
government employees, such as attorneys,judges, bank and security examiners, financial analysts, physicians, and managers of professionals make more than $100,000 per year should not be surprising.
I also think you confuse entrepreneurs, such as Bill Gates or Ray Kroc,with the feckless managers of banks and investment firms whose
shortsightedness, opportunism, and greed...