Tuesday, October 25, 2011

Federal Employees - #3357 - Ten Mind-Blowing Facts Which Show How Members of Congress and Federal Employees are Living the High Life and Our Expense - The American Dream

*Rush read from this article on his Radio show Monday, I have added this web site to mine in the middle column under Important Web Site, Direct Feeds.

........Rather, all of these people are becoming very wealthy because of our big, fat bloated federal government.The following are 10 mind blowing facts which show how members of Congress and federal employees are living the high life at our expense.... #1 When you total up all compensation (including health care and benefits), the average income for a federal worker in the Washington D.C. area last year was $126,369. #2 In 2005, 7420 federal workers were making $150,000 or more per year. In 2010, a whopping 82,034 federal workers were making $150,000 or more per year. That is more than a tenfold increase in just five years. #3 In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more. When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more. In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more. #4 Last year, federal employees "earned" approximately 447 billion dollars in total compensation.  #5 According to a study by the Heritage Foundation, federal workers earn 30 to 40 percent more money on average than their counterparts in the private sector.  #6 Today, one out of every 12 people living in Washington D.C. is a lawyer. In New York City, only one out of every 123 residents is a lawyer.  #7 More than 50 percent of the members of the U.S. Congress are millionaires.  #8 The median wealth of a U.S. Senator in 2009 was 2.38 million dollars.  #9 Insider trading is perfectly legal for members of the U.S. Congress - and they refuse to pass a law that would change that.  #10 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.

Meanwhile, most of the rest of America has been going through economic hell....
-The standard of living in the United States has fallen farther over the past three years than at any other time that has ever been recorded in U.S. history.
-According to the Federal Reserve, the combined net worth of American families has fallen by $5.5 trillion since 2007.
-Half of all American workers now earn $505 or less per week.
-According to Paul Osterman, a professor of economics at MIT, approximately 20 percent of all employed Americans are making $10.65 an hour or less.
While the average American family is deeply struggling to pay the mortgage and put food on the table, the bureaucrats in Washington D.C. are busy shopping for the latest cell phones and trying to figure out what brand of new car to buy next year.  Read entire article...........

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