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How long would it take America to go bankrupt if all of us were paid as much as government union workers?

-January 2007 Manhattan Institute study (manhattan-institute.org): Public school teachers are paid 61% more per hour than private school teachers, on average nationwide. -1/30/09, http://www.healthyhearing.com/content/ne: Federal Employees Health Benefits Program hearing aid insurance coverage plans went into effect on January 1, 2009 for potentially 8 million federal employees, retirees and their families. -3/31/10, postalemployeenetwork.com: “Postmaster Potter has made headway in reducing work hours and the costs of benefits and pensions, but the average postal employee still makes $83,000 in salary and benefits a year, placing postal workers among the highest-paid government employees.” -8/13/10 USA Today: The compensation gap between federal and private workers has doubled in the past decade. Federal civil servants earned average pay and benefits of $123,049 in 2009 while private workers made $61,051 in total compensation, according to the Bureau of Economic Analysis. -10/21/10 Wall Street Journal: The American Federation of State, County and Municipal Employees is now the biggest outside spender of the 2010 elections, -7/8/11 U. S. News Report (usnews.com): The actual number of private sector jobs decreased since 2008. Government jobs increased. During the worst of the downturn, the private sector was hammered with massive job losses, while the public sector held fairly steady. -2/22/12 CNN, Buffalo, NY: The sweet deal that all the 3,400 teachers in Buffalo are eligible to get under one of their insurance plan options, they are billed nothing for any plastic surgery procedure, such as botox, liposuction, tummy tucks, [hair removal, b****t enhancement, rhinoplasty] and there is no deductible; Linda Tokarz teaches second grade and says she gets regular treatments. She says, "I think its great for us. I wouldn't want to see it taken away” -6/8/12 Investors Business Daily: “Private-sector jobs are still down by 4.6 million, or 4%, from January 2008, when overall employment peaked Meanwhile government jobs are down just 407,000, or 1.8%. Federal employment actually is 225,000 jobs above its January 2008 level, an 11.4% increase.” -6/11/12 Cato Institute (http://www.cato-at-liberty.org/obama-vs-: ...teacher employment has exploded — the public school workforce has grown 11 times faster than student enrollment over the last 40 years.” Furthermore, on a per pupil basis, the inflation-adjusted average cost of a K-12 education has gone from about $55,000 to about $150,000.” -6/14/12 townhall.com: Every pay period, the Philadelphia school district puts $155 per union member into a special fund that helps educators pay their personal legal bills, which includes everything from routine legal advice to estate planning. 8/15/12 USA Today/Gannet: -More than 21,000 retired federal workers receive lifetime government pensions of $100,000 or more per year -Government pensions are vastly more generous than those in the private sector," says economist Veronique de Rugy of the market-oriented Mercatus Center -The average federal pension pays $32,824 annually. The average state and local government pension pays $24,373, Census data show. The average military pension is $22,492. ExxonMobilExxon Corporation, which has one of the best remaining private pensions, pays an average of $18,250 per retiree -All federal retirees receive health benefits. -Pension payments cost $70 billion last year, plus $13 billion for retiree health care. Taxpayers face a $2 trillion unfunded liability — the amount needed to cover future benefits — for these programs, according to the government's audited financial statement. ------------------

Asked By: - 9/15/2012
Best Answer - Chosen by Asker
For that to work you would need a president who sees bailouts as a priority. If Obama wins re-election than we will go bankrupt within his next term. The only thing that will save us is Mitt winning the election and turing over the budget to Ryan.
Answered By: TicToc.... - 9/15/2012
Additional Answers (4)
brown!
Answered By: E.D.L. - 9/15/2012
 
obama is shooting for an even $20trillion in debt if he wins another term........
Answered By: t**d sprinkles - 9/15/2012
 
Actually, it wouldn't. If ALL of us received that kind of income, there would be no welfare for one, so there is one government cost off the books. And, everyone would be able to afford health insurance, so there goes the cost of Medicaid. We would all be paying taxes. We would have enough money to buy goods which... More
Answered By: Auntie Anne Arkey - 9/15/2012
 
When education and experience are factored in, public employees's salary and benefits packages are not higher. The ratio of low-skill jobs in the public sector to low skills jobs in the private sector is the cause... More
Answered By: abitleftofcenter - 9/15/2012
 
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