Global Commie Unionist Corporate Criminal Federal employees ;

A dirty little secret
about Washington bureaucrats :

Federal employees are bringing home
twice as much pay as the average
private-sector worker.

Data compiled by the Commerce
Department's Bureau of Economic
Analysis reveals the extent of the pay
gap between federal and private workers.

As of 2008, the average federal salary
was $119,982, compared with $59,909
for the average private sector employee.

The average federal bureaucrat makes
twice as much as the average working
taxpayer.

Add the value of benefits like health care
and pensions, and the gap grows even
bigger.

The average federal employee's benefits
add $40,785 to his annual total compensation,
whereas the average working taxpayer's
benefits increase his total compensation
by only $9,881.

Federal workers are paid on average
salaries that are twice as generous as
those in the private sector, and they
receive benefits that are four times greater
http://blog.heritage.org/2010/04/29/why-not-work-for-the-government-federal-workers-make-twice-as-much/


As the Senate moves closer
to another cloture vote on Senator
Dodd's legislation, we are again
reminded of the several flaws found
in the Dodd-Frank approach to
financial regulatory reform :

Beginning with the rescue
of investment bank Bear Stearns in
the spring of 2008, the Federal
government has committed trillions
of taxpayer dollars to institutions like
Fannie Mae, Freddie Mac, AIG,
Citigroup and Bank of America, out
of fear that the demise of any of these
"too big to fail" institutions would trigger
a systemic crisis and collapse of the
global financial system.

With the bailout of creditors domestically
and overseas, we have seen an increase
in moral hazard and a 78 basis point
advantage in lower borrowing costs
for those firms receiving government
funds.

Instead of learning from the failures
of 2008, the legislation put forward
will compound the moral hazard problem
http://blog.heritage.org/2010/04/29/guest-bloggger-rep-ed-royce-r-ca-on-financial-regulatory-reform/


Senator Blanche Lincoln's amendment
to regulate over-the-counter derivatives :

The Lincoln bill is very, very bad,
the Lincoln bill would "impair financial
stability and strong prudential regulation
of derivatives; would have serious
consequences for the competitiveness
of US financial institutions; and would
be highly disruptive and costly, both
for banks and their customers."

It makes a future market
melt-down more likely.

As an informed observer puts it,
the biggest "systemic risk" to the
economy is Congress, not
derivatives dealers
http://blog.heritage.org/2010/04/29/how-bad-is-the-lincoln-derivatives-bill/

The Commie Coups Against
Domestic Free Enterprise
http://blog.heritage.org/category/enterprise-and-free-markets/

The Communist Hell Care Coup
http://blog.heritage.org/category/health-care/

The Commie Energy and Environment Coup
http://blog.heritage.org/category/energy-and-environment/

Exposing
The Satanic Commie World Order
http://sovereigntysrealms.blogspot.com/

Expose Oppose Protest Resist Defy & Defeat :

The Anti Constitutional Anti Republic
Anti Capitalistic Unconstitutional Treasonous
Criminal Satanic Commie Hell Care Whores
& Satanic Globalist Commie Liberal Progressive
Stateist Corporate Unionist Ponzi Schemes,
Lies, Liars & Frauds