The Real 1%: Government Employees
With Greece in flames, the United States’ credit rating downgraded and many cities and states teetering on bankruptcy, Libertarian National Campaign Committee Chairman Wayne Allyn Root takes on the real “one percent” looters: the bloated government workforce.
Root writing for Fox News, states in part:
The truth is that government employees are the true 1%. We have far too many of them (21 million), many of them are paid too much, and their union demands are straining taxpayers to the breaking point…
…I recently talked with a retired New York City toll taker. His salary averaged about $70,000 per year over 20 years. But in his last few years he worked loads of overtime and added in accumulated sick days to get his salary in those final years up to $150,000.
His pension is based on his final years’ salary. This is a common pension-padding ploy.
He bragged that he will now get a taxpayer funded pension of $120,000 a year for the rest of his life. He’s only 50 years old…
…
But here’s a frightening question- what if he lives to 90? Or 100? His pension could rise to $8 million or higher.
Multiply this times 21 million government employees (on the federal, state and local level) and you now get a sense of what is bankrupting America.
Are these stories the exception, rather than the rule? Over 77,000 federal government employees earned more than the governor of their state.
On the federal level, it was just reported by USA Today that the average federal civil servant compensation is $123,049 per year.
The average 50-year old male has a life expectancy of almost 80. With automatic cost of living increases, that’s a bill to taxpayers of $5 million for the next 30 years –for not working. THREE TIMES WHAT HE EARNED WHILE WORKING.
And, of course, we’re also paying his medical bills.
Who did that to you?
Republicans and Democrats.
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