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August 11, 2010 at 5:04 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589158August 11, 2010 at 5:04 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589252BubblesitterParticipant
$123K sounds like in the rough ballpark, with all health + other benefits etc. Not sure all they included in this salary. Loaded salary is much higher.
Hiring a contractor to do the eqivalent work in significantly more expensive. Then again, there is alot more flexibilty in hiring/firing.
I spent few years in the government 15-20 years ago. I was disgusted by the waste andd inefficiency. Going to contractors is no panacea. Beltway bandits, revolving door contractors seemed to put their own company’s best interests first rather than of the government.
With the drawdown of military, which has already started I would be very very nervous if I were a contractor in any function not directly involved in critical wartime operations. Gates announced $100M in cuts in last couple days. We saw a doubling of the defense budget in recent years. San Diego will likely be disproportionally hit.
Very interesting read of the growth in the spook work in the Washington post series. This has also seen huge growth in last 9 years. Very difficult to control the growth of black programs with relatively minimal oversight. Anybody involved in that kind of work will likely see big budget pressures in coming years.
President Eisenhower warned of a self perpetuating “military industrial complex”.
Defense is critical to the safety and security of our country, but it also diverts resources from real economic drivers.
Bubblesitter
August 11, 2010 at 5:04 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589788BubblesitterParticipant$123K sounds like in the rough ballpark, with all health + other benefits etc. Not sure all they included in this salary. Loaded salary is much higher.
Hiring a contractor to do the eqivalent work in significantly more expensive. Then again, there is alot more flexibilty in hiring/firing.
I spent few years in the government 15-20 years ago. I was disgusted by the waste andd inefficiency. Going to contractors is no panacea. Beltway bandits, revolving door contractors seemed to put their own company’s best interests first rather than of the government.
With the drawdown of military, which has already started I would be very very nervous if I were a contractor in any function not directly involved in critical wartime operations. Gates announced $100M in cuts in last couple days. We saw a doubling of the defense budget in recent years. San Diego will likely be disproportionally hit.
Very interesting read of the growth in the spook work in the Washington post series. This has also seen huge growth in last 9 years. Very difficult to control the growth of black programs with relatively minimal oversight. Anybody involved in that kind of work will likely see big budget pressures in coming years.
President Eisenhower warned of a self perpetuating “military industrial complex”.
Defense is critical to the safety and security of our country, but it also diverts resources from real economic drivers.
Bubblesitter
August 11, 2010 at 5:04 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #589896BubblesitterParticipant$123K sounds like in the rough ballpark, with all health + other benefits etc. Not sure all they included in this salary. Loaded salary is much higher.
Hiring a contractor to do the eqivalent work in significantly more expensive. Then again, there is alot more flexibilty in hiring/firing.
I spent few years in the government 15-20 years ago. I was disgusted by the waste andd inefficiency. Going to contractors is no panacea. Beltway bandits, revolving door contractors seemed to put their own company’s best interests first rather than of the government.
With the drawdown of military, which has already started I would be very very nervous if I were a contractor in any function not directly involved in critical wartime operations. Gates announced $100M in cuts in last couple days. We saw a doubling of the defense budget in recent years. San Diego will likely be disproportionally hit.
Very interesting read of the growth in the spook work in the Washington post series. This has also seen huge growth in last 9 years. Very difficult to control the growth of black programs with relatively minimal oversight. Anybody involved in that kind of work will likely see big budget pressures in coming years.
President Eisenhower warned of a self perpetuating “military industrial complex”.
Defense is critical to the safety and security of our country, but it also diverts resources from real economic drivers.
Bubblesitter
August 11, 2010 at 5:04 AM in reply to: Are federal workers overpaid? Avg 123k?? It’s insane! #590205BubblesitterParticipant$123K sounds like in the rough ballpark, with all health + other benefits etc. Not sure all they included in this salary. Loaded salary is much higher.
Hiring a contractor to do the eqivalent work in significantly more expensive. Then again, there is alot more flexibilty in hiring/firing.
I spent few years in the government 15-20 years ago. I was disgusted by the waste andd inefficiency. Going to contractors is no panacea. Beltway bandits, revolving door contractors seemed to put their own company’s best interests first rather than of the government.
With the drawdown of military, which has already started I would be very very nervous if I were a contractor in any function not directly involved in critical wartime operations. Gates announced $100M in cuts in last couple days. We saw a doubling of the defense budget in recent years. San Diego will likely be disproportionally hit.
Very interesting read of the growth in the spook work in the Washington post series. This has also seen huge growth in last 9 years. Very difficult to control the growth of black programs with relatively minimal oversight. Anybody involved in that kind of work will likely see big budget pressures in coming years.
President Eisenhower warned of a self perpetuating “military industrial complex”.
Defense is critical to the safety and security of our country, but it also diverts resources from real economic drivers.
Bubblesitter
BubblesitterParticipantDon’t get mad just leave
Consider a credit union for credit.
“Full-service” for-profit banks are pulling out all stops on looking to maximize profits via new fees, hidden charges, etc
http://piggington.com/i039ve_never_had_a_bank_account
Here’s Wall Street Journal article from couple days ago…
“The New Credit-Card Tricks:
Just months after historic legislation banned certain billing practices, card issuers have dreamed up new ones designed to trip up consumers”Bubblesittter
BubblesitterParticipantDon’t get mad just leave
Consider a credit union for credit.
“Full-service” for-profit banks are pulling out all stops on looking to maximize profits via new fees, hidden charges, etc
http://piggington.com/i039ve_never_had_a_bank_account
Here’s Wall Street Journal article from couple days ago…
“The New Credit-Card Tricks:
Just months after historic legislation banned certain billing practices, card issuers have dreamed up new ones designed to trip up consumers”Bubblesittter
BubblesitterParticipantDon’t get mad just leave
Consider a credit union for credit.
“Full-service” for-profit banks are pulling out all stops on looking to maximize profits via new fees, hidden charges, etc
http://piggington.com/i039ve_never_had_a_bank_account
Here’s Wall Street Journal article from couple days ago…
“The New Credit-Card Tricks:
Just months after historic legislation banned certain billing practices, card issuers have dreamed up new ones designed to trip up consumers”Bubblesittter
BubblesitterParticipantDon’t get mad just leave
Consider a credit union for credit.
“Full-service” for-profit banks are pulling out all stops on looking to maximize profits via new fees, hidden charges, etc
http://piggington.com/i039ve_never_had_a_bank_account
Here’s Wall Street Journal article from couple days ago…
“The New Credit-Card Tricks:
Just months after historic legislation banned certain billing practices, card issuers have dreamed up new ones designed to trip up consumers”Bubblesittter
BubblesitterParticipantDon’t get mad just leave
Consider a credit union for credit.
“Full-service” for-profit banks are pulling out all stops on looking to maximize profits via new fees, hidden charges, etc
http://piggington.com/i039ve_never_had_a_bank_account
Here’s Wall Street Journal article from couple days ago…
“The New Credit-Card Tricks:
Just months after historic legislation banned certain billing practices, card issuers have dreamed up new ones designed to trip up consumers”Bubblesittter
BubblesitterParticipantI know a guy at a major nationwide insurance company, he said that credit score was a signficant input in car insurance underwriting.
With bad score you will also pay more in insurance
Another reason to watch your score like a hawk.
Between lower mortgage, car loan rates, and lower insurance rates you could end up saving 10s or 100s of thousands of dollars over a lifetime
BubblesitterParticipantI know a guy at a major nationwide insurance company, he said that credit score was a signficant input in car insurance underwriting.
With bad score you will also pay more in insurance
Another reason to watch your score like a hawk.
Between lower mortgage, car loan rates, and lower insurance rates you could end up saving 10s or 100s of thousands of dollars over a lifetime
BubblesitterParticipantI know a guy at a major nationwide insurance company, he said that credit score was a signficant input in car insurance underwriting.
With bad score you will also pay more in insurance
Another reason to watch your score like a hawk.
Between lower mortgage, car loan rates, and lower insurance rates you could end up saving 10s or 100s of thousands of dollars over a lifetime
BubblesitterParticipantI know a guy at a major nationwide insurance company, he said that credit score was a signficant input in car insurance underwriting.
With bad score you will also pay more in insurance
Another reason to watch your score like a hawk.
Between lower mortgage, car loan rates, and lower insurance rates you could end up saving 10s or 100s of thousands of dollars over a lifetime
BubblesitterParticipantI know a guy at a major nationwide insurance company, he said that credit score was a signficant input in car insurance underwriting.
With bad score you will also pay more in insurance
Another reason to watch your score like a hawk.
Between lower mortgage, car loan rates, and lower insurance rates you could end up saving 10s or 100s of thousands of dollars over a lifetime
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