Saturday, December 12, 2009

Boom Times for Federal Employees (aka "Least Productive People on The Planet")

We are in the middle of a fragile economic recovery after a brutal recession and a financial crisis. The official unemployment rate is 10% while the number of underemployed is closer to 17%. In this environment, isn't it comforting to learn that the number of federal employees making more than $100,000 per year jumped from 14% to 19% during the recession? Isn't it terrific that these efficient, hardworking, wealth-creating bureaucrats are enjoying fat raises and doing so well while the broader economy suffers? When the recession began in late 2007, there was only one employee at the Transportation Department making $170,000 or more. Today, 1,690 people in this department are making $170,000 or more. The next time I am standing in the security line at an airport, with the typical line backed up the length of a football field, I will be sure to congratulate one of the dozen or so TSA people who will inevitably be standing around just talking to each other. It's so great that these people are doing so well in a recession, especially considering most of them are barely-literate cretins who might otherwise be working for ACORN or collecting welfare while watching Latvian soft-core porn.

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