Federal Government Employees Raking It In

Want to get happy?  Here’s a lovely article highlighting that over the past 18 months, the percentage of Federal Government employees making over $100,000 jumped from 14% to 19%!

An even more astonishing fact is that 1,690 employees at the Department of Transportation now make over $170,000 vs. only one before the recession started.

My grand plan now is to build my retirement nut in the private sector for 20 years, and then live it up with a fat salary and pension from the public sector for the next 20 years!

I’m going to the local library today to learn all I can about being a great DOT employee.  I will be the best planner, analyst, treasurer, whatever there is, so I too can make $170,000 too.

Anybody else dreaming about joining the Federal Government to take advantage of all the benefits?  After reading Jane White’s “Welcome To The Poorhouse” book, I was doubtful about my chances of making $174,000 in government because I’d have to be elected as a Congressman or Senator.  Now I’m ecstatic to discover there are 10,000+ Federal Government positions which pay just as well!

As a government official, I promise to support tax hikes for all income classes no matter how horrible the economy is.  After all, tax hikes are important to keep our guaranteed annual pay increases going.

Remember, only the government is allowed to persecute others and tell them how to spend their money.  As long as they focus the public’s attention on Wall St., maybe nobody will notice their ways.  “We’ll spend your money however way we damn feel like it!”  Go USA!

Readers, which public sector job do you dream of having?  Why would anybody ever want to join the private sector given all the insecurity, volatility, and pay differential?

Related Post:“Fortunes, Fortunes, Everywhere”


Financial Samurai – “Slicing Through Money’s Mysteries”

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Someone Has To Give Birth! Why Women Shouldn’t Be Penalized For Being A Mom

Swans And Their BabiesI was at a cocktail party the other night, and after several stiff vodka tonics, a female manager-level friend, “Julia”, began complaining about one of her staff.

She came up to me and said, “Sam, what am i going to do?  Nancy keeps getting pregnant!  She’s having her third child in the past 5 years, and now I’ve got to find cover for her again!” After Julia’s rant, she twirled her way to a slick looking fella at the bar and began chatting him up.

Initially I tried empathizing with Julia, given I do remember the feeling of having to cover for someone when they’re “sick“. But Nancy’s case is different.  After all, someone has to give birth, and after seeing one too many sex ed video’s from the 9th grade with images of globulous placentas seared in my mind, i’m glad it’s not me!  The Europeans would argue a 3 month maternity leave is not long enough given they practice a 6 month healing process.

Julia’s complaint brings us to the great debate:

Is it fair or even true that women are discriminated against and make less money than men on average?

Book Review & Giveaway: “America, Welcome To The Poorhouse”

poorhouseAuthor Bio: Jane White is Founder & President of Retirement Solutions, LLC, which promotes 401(k) reform and provides investment education.

Publisher: FT Press.  A compact 247-pages in hardcover.

Summary: This is one angry, no-nonsense book!  Jane White blames more politicians than I can name for causing the mess we’re all in.  She plays no favorites and thinks both parties are corrupt.  Phil Gram (R-TX) deregulating the banking industry is the genesis of this crisis, while Chris Dodd (D-CT) is blamed for carrying bank deregulation further by deregulating exotic financial instruments.

Jane even questions whether Bernanke knows anything about economics.  One of my favorite assertion of her’s is that big business owns both parties, and politicians are just playing puppets to their lobbyists.

The Public Loves Wall Street Again!

2037754785_05a628201f_bWhat is this blasphemy you say?  One of our main tenets is to observe what people DO with their money, and not what they preach.  The public clearly loves Bank of America and Wall Street again because how else would Bank of America be able to raise $19 billion from us, to pay us back?

In an “Open Letter To Vikram Pandit, CEO of Citigroup” we urged Vik to sell the 34% government stake back to the very public that bailed Citigroup out before year-end. Why?  So Citigroup can pay their employees big bonuses in 2009 by saying they are no longer under the government’s stewardship.  Sure, paying back $45 billion in TARP sounds like a lot, but Bank of America just did it!

In fact, joining Bank of America are Bank of NY Mellon Group, Goldman Sachs, JP Morgan, Morgan Stanley, and State Street who’ve all been able to pay back their TARP loans and pay their people handsomely this year.  This begs the question, what’s wrong with Citigroup, one of my main “go broke banks” used to optimize my finances.


Why The World Forgives Rich And Famous People For Cheating

As soon as I got into work one morning, my female colleague blurted out, “OH MY GAWD! GUESS WHAT?!

“What? Hrmmm,” I replied as I was still groggy eyed after last night’s client dinner.

“I was on the same plane as Gavin Newsom (Mayor of San Francisco) and he sat in economy with me!  He is SOO cute and yummy!  So tall and handsome, he’s going to do great things for California and our country!” she gushed.

The funny thing is, she was complaining just earlier this year how bad the “Care Not Cash” legislation turned out, and how he was contributing to the big overspend problem we have here in California (we’re broke).  I can still clearly remember how mad she and her friends were when the story broke that Gavin cheated on his wife with his campaign manager’s wife! YOWZA!  Gavin was the next Bill Clinton!

Phrases such as: “Men are pigs!” “Men only think with their smaller head!” “You guys disgust me so no, you can’t have some of my salad!”, were bantered around the office for weeks.  My friend was a hater for life!  Even the guys on our floor, who usually joke about stuff like this were shocked.

So what really happened between now and then, to make my colleague fall head over heels in love with Gavin Newsom?  Furthermore, how is it that after violating a key “MAN CODE” (don’t sleep with your friends girlfriend/wife) does he get re-elected soundly, and has a popularity rating higher than ever?