A Formula for Real Economic Growth: Cut Public Employee Pay by 20%

The following are excerpts from:

A Formula for Real Economic Growth: Cut Public Employee Pay by 20%

by Morgan Warstler

You can thank me later, but I just saved the United State of America at least  $278,309,600,000.00PER YEAR. You read that right.  $278 BILLION per year.  That’s almost entirely what Medicaid will spend this year for children and the disabled.  That’s what our normal deficit looks like without TARP and stimulus.

The crazy thing is how easy it was to do.   It took me like three minutes.  And since I’m a big open source, creative commons guy I’m even posting my magical formula shown here using 2008’s budget:

(1,391,548 1,000,000)*.2

Somebody start printing bumper stickers baby, so everyone can see how much we save when we cut federal, state, and local public employee pay by 20%.*

We don’t need to be politically delicate about this,  we aren’t advocating a single program cut, no school closed, no park uncleaned, no fireman not coming to save you.  All of that will continue to happen.

But the government employees doing all this marvelous stuff for us are going to earn 20% less…. and from now on their future pay increases will be tied to private wage inflation.  Our country is in deep financial straits, and it is time for government workers to share our pain and get their interests aligned with ours.  They’ll make more money when we do.

China will LOVE us.  Wall Street will soar.  It will be serious proof Washington DC has been cracked to the core.  It will be morning in America.

I could not have said it better. this article reflects my sentiments exactly. Government jobs, their salaries, benefits and pensions have bloated far beyond equivalent private sector compensation. It is obvious this is unsustainable. See my Micro Post 5 of Dave's Current Political Thoughts Vol. 1

Full article at this Link