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August 11, 2010 at 1:52 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590113August 11, 2010 at 1:52 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590221
bubba99
ParticipantThe base salaries dont tell the whole story. My GS-12 (effective 9/1/10)base is around $80K, but the overtime adds a minimum of $10k to a max of $35K. Minimum because there is much forced overtime. And every minute over 8 hours per day or 40 hours per week is double time, not time and a half. Plus, vacation and sick leave count toward the 8 hour and 40 hour threshold. eg, call in sick all week, work the weekend and get paid double time for all weekend hours.
Last year retirement was increased by 70% – from 1 percent per year to 1.7 percent per year. And also includes an employer contribution to a savings plan, and full access to social security.
The GS salary schedules have crept up by about $17,000/year since 2004. This is on top of cost of living and regular step increases. As a GS-9 the pay was about right for the job. But somehow the GS-9 journeyman has given way to a GS-12 journeyman with double the retirement.
As a tax payer, I see a troubling trend. The pay is why out of line with the required high school graduate skill set.
August 11, 2010 at 1:52 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590530bubba99
ParticipantThe base salaries dont tell the whole story. My GS-12 (effective 9/1/10)base is around $80K, but the overtime adds a minimum of $10k to a max of $35K. Minimum because there is much forced overtime. And every minute over 8 hours per day or 40 hours per week is double time, not time and a half. Plus, vacation and sick leave count toward the 8 hour and 40 hour threshold. eg, call in sick all week, work the weekend and get paid double time for all weekend hours.
Last year retirement was increased by 70% – from 1 percent per year to 1.7 percent per year. And also includes an employer contribution to a savings plan, and full access to social security.
The GS salary schedules have crept up by about $17,000/year since 2004. This is on top of cost of living and regular step increases. As a GS-9 the pay was about right for the job. But somehow the GS-9 journeyman has given way to a GS-12 journeyman with double the retirement.
As a tax payer, I see a troubling trend. The pay is why out of line with the required high school graduate skill set.
bubba99
ParticipantThe rate at which the FED is printing money should cause inflation via deflation of the currency. This is not happening because the M3 money supply is crashing. From a high of +16% growth in 2008 to a negative 6% growth currently (shadowstats.com) The rapid decrease in velocity of money is acting to offset the rapid increase in the printing presses.
In the short run, look for the slowing economy to offset the printing presses, maybe even a little inflation. The official CPI is bouncing around 1 or 2 percent, but the real inflation rate is between 4 and 6 percent (shadowstats.com)
In the longer run, look for the decrease in lending to level off, and the M3 money supply to begin to grow again because of the FED printing our way out of debt. This will bring hyperinflation.
I have consistently underestimated the amount of time it will take for the currency to change direction, so while I expect inflation to begin within a year, expect it much later.
bubba99
ParticipantThe rate at which the FED is printing money should cause inflation via deflation of the currency. This is not happening because the M3 money supply is crashing. From a high of +16% growth in 2008 to a negative 6% growth currently (shadowstats.com) The rapid decrease in velocity of money is acting to offset the rapid increase in the printing presses.
In the short run, look for the slowing economy to offset the printing presses, maybe even a little inflation. The official CPI is bouncing around 1 or 2 percent, but the real inflation rate is between 4 and 6 percent (shadowstats.com)
In the longer run, look for the decrease in lending to level off, and the M3 money supply to begin to grow again because of the FED printing our way out of debt. This will bring hyperinflation.
I have consistently underestimated the amount of time it will take for the currency to change direction, so while I expect inflation to begin within a year, expect it much later.
bubba99
ParticipantThe rate at which the FED is printing money should cause inflation via deflation of the currency. This is not happening because the M3 money supply is crashing. From a high of +16% growth in 2008 to a negative 6% growth currently (shadowstats.com) The rapid decrease in velocity of money is acting to offset the rapid increase in the printing presses.
In the short run, look for the slowing economy to offset the printing presses, maybe even a little inflation. The official CPI is bouncing around 1 or 2 percent, but the real inflation rate is between 4 and 6 percent (shadowstats.com)
In the longer run, look for the decrease in lending to level off, and the M3 money supply to begin to grow again because of the FED printing our way out of debt. This will bring hyperinflation.
I have consistently underestimated the amount of time it will take for the currency to change direction, so while I expect inflation to begin within a year, expect it much later.
bubba99
ParticipantThe rate at which the FED is printing money should cause inflation via deflation of the currency. This is not happening because the M3 money supply is crashing. From a high of +16% growth in 2008 to a negative 6% growth currently (shadowstats.com) The rapid decrease in velocity of money is acting to offset the rapid increase in the printing presses.
In the short run, look for the slowing economy to offset the printing presses, maybe even a little inflation. The official CPI is bouncing around 1 or 2 percent, but the real inflation rate is between 4 and 6 percent (shadowstats.com)
In the longer run, look for the decrease in lending to level off, and the M3 money supply to begin to grow again because of the FED printing our way out of debt. This will bring hyperinflation.
I have consistently underestimated the amount of time it will take for the currency to change direction, so while I expect inflation to begin within a year, expect it much later.
bubba99
ParticipantThe rate at which the FED is printing money should cause inflation via deflation of the currency. This is not happening because the M3 money supply is crashing. From a high of +16% growth in 2008 to a negative 6% growth currently (shadowstats.com) The rapid decrease in velocity of money is acting to offset the rapid increase in the printing presses.
In the short run, look for the slowing economy to offset the printing presses, maybe even a little inflation. The official CPI is bouncing around 1 or 2 percent, but the real inflation rate is between 4 and 6 percent (shadowstats.com)
In the longer run, look for the decrease in lending to level off, and the M3 money supply to begin to grow again because of the FED printing our way out of debt. This will bring hyperinflation.
I have consistently underestimated the amount of time it will take for the currency to change direction, so while I expect inflation to begin within a year, expect it much later.
August 10, 2010 at 1:41 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #588811bubba99
ParticipantAs a taxpayer, yes. As a Federal employee, hell yes.
$100,000/year for a high school graduate with four years experience is a little out of line. Particularly when all the needed job skills are taught on the job.
August 10, 2010 at 1:41 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #588906bubba99
ParticipantAs a taxpayer, yes. As a Federal employee, hell yes.
$100,000/year for a high school graduate with four years experience is a little out of line. Particularly when all the needed job skills are taught on the job.
August 10, 2010 at 1:41 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589442bubba99
ParticipantAs a taxpayer, yes. As a Federal employee, hell yes.
$100,000/year for a high school graduate with four years experience is a little out of line. Particularly when all the needed job skills are taught on the job.
August 10, 2010 at 1:41 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589550bubba99
ParticipantAs a taxpayer, yes. As a Federal employee, hell yes.
$100,000/year for a high school graduate with four years experience is a little out of line. Particularly when all the needed job skills are taught on the job.
August 10, 2010 at 1:41 PM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589860bubba99
ParticipantAs a taxpayer, yes. As a Federal employee, hell yes.
$100,000/year for a high school graduate with four years experience is a little out of line. Particularly when all the needed job skills are taught on the job.
bubba99
ParticipantNot sure what the building dept requires in this specific area, but in many, permits are not transferable to new owner. Although the land use and zoning usually stays intact, the acutal plans need to be resubmitted in many areas, causing new costs, and delays.
Good luck
bubba99
ParticipantNot sure what the building dept requires in this specific area, but in many, permits are not transferable to new owner. Although the land use and zoning usually stays intact, the acutal plans need to be resubmitted in many areas, causing new costs, and delays.
Good luck
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