Is There Really Cash In The Social Security Trust Fund - Or Is It Another Faker?
o How Many Civilian Employees Work for the Federal Government? o What Agencies do they work within? o What is the average pay (more or less)? o What is the average Social Security payment to those who paid into the "Trust Fund" their whole working life?
It takes some digging, but the table that comes up when you click on the PDF icon below will give you summary data from the month of December 2007. Why not ask your elected representative to give you an update?
It is kept here, so that you can compare it to data in the future when you wonder what has happened since then.
Here is a thought to ponder:
When the Federal government was about to be shut down in the first half of 2011 because of the debt ceiling limits, 800,000 "non-essential" Federal employees were advised that they might have to stay home.
The private sector cuts back 10% of its workforce when times get tight. Wonder how many of those "non-essential" Federal jobs could be cut back too?
A little math: let's just say each "non-essential" Federal employee costs us about $100,000 per year in salary, fringe benefits, sick days, holidays, retirement, space in buildings, access to vehicles, training, and their freedom from worry about retirement and health security. So, 800,000 employees times $100,000/year average cost per employee equals $80,000,000,000 each year*.
Oh my gosh, that is about 80 BILLION dollars a year in the cost of people that are deemed "non-essential" by their own employer, the Federal government. You can do the math when it comes to all the "independent contractors" used by Federal government agencies, if you can ever find out how many of them they use.
Makes one wonder who is watching the shop as they raid the "social security trust fund", which of course, is not really a trust fund (investigate this for yourself, you will be stunned what the talking heads just will not point out) ....
* Thanks to e-mail from an alert reader that spotted a typo in the math that was corrected on January 2, 2013 at 848 pm. Note that the debtclock shows 4,578,361 Federal employees and that 800,000 non-essentials represent 17% of that workforce, or about one out of every six of them. As one observer noted, "How much energy does the department of energy generate?"
"If you look at the benefits and wages of recorded federal employees, they far outstrip the market rates of the private sector." (Eric Cantor on Wednesday, May 18th, 2011 in a Town Hall conversation).
Fact or Fiction Analysis, conducted by Richmond Times-Dispatch, reports:
"On average, thatís true; total compensation for federal workers is nearly double the private sector average. Looking at salary alone narrows the divide a bit, and some argues private pay even exceeds federal pay, but Cantor played it safe by avoiding specific numbers and including benefits."
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