Employment: Growth in Federal Government, Decline in Private Sector

August 15, 2010

Below is a recent graphic from the Heritage Foundation displaying a stark visual demonstration of the growth of federal government employment compared to the decline of employment in not only the private sector but also state and local governments. What is particularly noteworthy is that it doesn’t even include temporary census workers.

image


Fed v. Private Sector Pay

July 24, 2010

Here’s a table from the Heritage Foundation further displaying the gap between the pay of federal government employees and those in the private sector:

Previous posts on government pay and compensation can be viewed here, here and here.


Returning and Respending the Money

February 6, 2010

A seldom publicized fact about the TARP legislation is that funds returned/recovered by the program are supposed to go toward reducing the federal debt. That seemingly (read: thankfully) would prevent one of President Obama’s State of the Union proposals to give $30 billion already paid back to the program to “community” banks to lend to “small” businesses (both adjectives in quotes to, of course, be defined by the government).

PolitiFact reported on this issue when fact-checking a statement by Sen. Judd Gregg (R-NH). Notably, it mentions how Congress could get around the law’s requirement in the following passage:

But we also talked with budget experts who said that Congress could get around those rules in a number of ways. For example, Congress could rescind the TARP money and then, in a separate action, use it to pay other expenses, said Brian Riedl, lead budget analyst for the conservative Heritage Foundation.

Spending more money on such ideas is only aided by the fact that the House of Representatives recently raised the official federal debt ceiling. Only the sky is the limit these days.


First 100 Days of Obamanomics

April 29, 2009

The Heritage Foundation lays out the mistakes of Obama’s economic policies in their “Foundry” section here. Here is one of their most interesting points:

In his first 100 days, President Obama proposed a budget that would dump a staggering $9.3 trillion in new debt—$68,000 per household—into the laps of American children. This is more debt than has been accumulated by all previous Presidents in American history combined.

After studying all things political for the last 8 or so years in college and in the media, I have lost much respect for politics while gaining an amazing amount of respect for economics. It has been mind-numbing economic policies like Obama’s that only add to my lack of respect for politics and the institution of government in general. Maybe I chose the wrong major.