MAN OVERBOARD, REVERSE THE ENGINES, DROP THE ANCHOR. Back in the day, a balanced budget was a given. However, in 1971, Richard Milhous Nixon, decided to free the dollar from Gold. This set of a chain reaction across the free world.
Prior to the fatefull day, trading partners were able to exchange thirty five U.S. dollars for one ounce of gold. However, the U.S. was running out of gold; in other words, there was a run on the bank. In August French President Georges Pompidou sent a battleship to New York City to remove France’s gold deposits. They were worried that we would confiscate their gold and turn it in to IOU’s – another term for Paper Gold.
In the intervening years, our budget deficits have spiraled out of control.
The chart above only runs through 2023, presently our deficit is $36 Trillion and counting. Republicans are just as guilty as the spendthrift Democrats. However, the Day of Reckoning is Upon Us.
FEDERAL EMPLOYEES, “READ THIS MESSAGE VERY CAREFULLY, YOUR VACATION IS OVER”
You better not cry I’m telling you why because the Grinch is coming to town. Employees in the private sector are held accountable, those in the public sector aren’t. Thoughout government, especially the liberal bastions of WOKE, Democrat cities, states are padded with “no shows” who collect absorbitant pay checks. Pensions are to die for as last years overtime is included in the pension formula.
Federal employees can’t be fired. As alleged, they are in the ether. Many do not report to work. This holds true for their bosses too.
A report issued in 2017 shows that Average benefits were 52 percent higher for federal employees whose highest level of education was a bachelor’s degree than for similar private-sector employees.
Average benefits were 93 percent higher for federal employees with only a high school education than for their private-sector counterparts.
Among employees with a doctorate or professional degree, average benefits were about the same in the two sectors.
After accounting for workforce differences, such as education, overall federal employees are paid about 17 percent more in total compensation than similar employees in the private sector.
And of course there is the propoganda: Federal employees on average earned 27.54 percent less than private sector workers in similar jobs this year, according to an analysis released today by the Federal Salary Council. The disparity has grown significantly in just one year, from 24.09 percent in 2022.
However, and we vehemntly state that if Federal employees are so underpaid, why don’t we see them quitting and entering the private sector? Because they aren’t underpaid. If an objective analysis was completed one would find out that the Federal workforce on the whole does not work at the same level as a private sector employee; in the majority of cases they are held accountable for their work, do not have the same responsibilities and never have to worry about being fired or dismissed for unerperformance. President Kennedy cemented their lifetime jobs.
Executive Order 10988 gave Federal employees the right to join, form, or assist labor organizations. It established a three-tiered system of recognition: exclusive representation, formal recognition, and informal recognition.
The DOGE BOYS will have none of this. Expect the meatcutters , Vivek and Elon, to eviscerate the glutinous deep state. They will cut the fat to the bone. Count on it.
Most Federal employees work for the election of Democrats rather than what is good for the country. the likelyhood of a Federal Employee be fired is like being struck by lightning .
And you can add the teachers union, the NEA & AFT, to be in the same camp, they have endorsed Democrat candidates 100% of the time. Trump’s new department of education secretary, Linda McMahon will complete the job started by Betsy Devos. Be forwarned, ‘the times they are a changing.’
