The Insanity of Federal Wages...
For 2008, the basic pay rate, excluding cost of living adjustments, for SES personnel ranged from $140,000 to $191,000.
GS 12s through 15s can make between 100K and 150K......
The above are some pay scales for Federal Workers.
I am visiting the DC area this week....and listening to my friends/spouses brag about their pay raises this year and how strong the D.C. economy is doing....some are even gloating how budgets for their divisions are growing massively.
The funny part is none of them realize the current Federal Deficit exceeds the salaries of all Federal employees combined. There is really no money to even pay their salaries. And when you try to raise the issue, few really want to have an intelligent discussion about it.
Even more incredible is how few appreciate how poorly the private sector is faring as credit is being cut off across the nation.
It is strange times when those making $150K per year fail to realize that the money they are being paid with is simply funds being siphoned from our nations retirement accounts.
Much of the above analysis can be applied to government funded health care and Wall Street funded businesses as well.
It will be very interesting times indeed when our Pension Funds/retirement/and investment accounts no longer have the funds to fund the above salaries.
GS-12$ 68,809–$ 105,897GS-13$ 81,823–$ 125,926GS-14$ 96,690–$ 148,806GS-15$ 113,735–$ 155,500