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Posted below are 12 facts that will blow your mind. Most Americans have no idea just how obscenely wealthy many members of Congress are, and most Americans are totally clueless about how cushy some of these U.S. government jobs are. If there is one place in America where the good times are still rolling (other than Wall Street), it would have to be Washington D.C.
#1 According to an article in the Hill, House Speaker Nancy Pelosi's net worth soared from $13.7 million in 2008 to $21.7 million in 2009.
#2 In 2005, 7420 federal workers were making $150,000 or more per year. In 2010, a whopping 82,034 federal workers are making $150,000 or more per year. That is more than a tenfold increase in just five years.
#3 More than half of the members of the U.S. Congress are millionaires.
#4 The total compensation that the U.S. government workforce is going to take in this year is approximately 447 billion dollars.
#5 Today, all members of Congress earn at least $175,000. This is far, far more than the average American makes.
#6 60 percent of the federal government workforce is represented by labor unions.
#7 The median wealth of a U.S. Senator in 2009 was 2.38 million dollars.
#8 In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more. When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more. In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.
#9 Insider trading is perfectly legal for members of the U.S. Congress - and they refuse to pass a law that would change that.
#10 According to a recent study conducted by the Heritage Foundation, federal workers earn 30 to 40 percent more money on average than their counterparts in the private sector.
#11 When you factor in such things as retirement and health care benefits, the compensation gap between federal workers and private sector employees gets even larger. Just consider the following quote from the Heritage Foundation study mentioned above....
"Including non-cash benefits adds to this disparity. The average private-sector employer pays $9,882 per employee in annual benefits, while the federal government pays an average of $32,115 per employee."
#12 The personal wealth of members of the U.S. Congress collectively increased by more than 16 percent from 2008 to 2009.
Originally posted by bulletproof_monk
thanks for posting this. I cant believe insider trading is legal for congressmen. If that's true, that complete BS. Why would that still be legal?
Originally posted by ofhumandescent
reply to post by Spiro
When I did a thread on #11 a couple years back, most ATSers replied, "I could care less".
It just keeps escalating because the average person complies and does not unit and rebel against this.
Our government is suppose to work for us, not against us.
Originally posted by 19rn50
The only hope for America and the world.
Would be the return of the Son of the living God.
The other way to win over the unfair wages these people earn.
Would be 6 billion people to stop working, no more pay checks
for the Fed's and the Rich.
Originally posted by jjkenobi
S&F.
I just read an article yesterday that federal employees owe like 3 billion in back taxes as well!
I guess if you can't beat them, join them right? I better start sending in my apps for a govt job. I could do the same thing I am now and get a pay raise!
Originally posted by Asktheanimals
reply to post by Eavel
I'm pretty sure they are not including serving members of the military in these figures.
You can risk your life everyday for the army yet the janitors that empty the wastebaskets in Congress probably make well over 3x what they pay our soldiers. :
Originally posted by Eavel
reply to post by Spiro
I am sure your local police officer is not making 150k, or the local fire fighter.
#2 In 2005, 7420 federal workers were making $150,000 or more per year. In 2010, a whopping 82,034 federal workers are making $150,000 or more per year. That is more than a tenfold increase in just five years.