Posts Tagged ‘government union’

Obama “Pay Freeze”: 1.1 Million Federal Employees to Receive $2.5 Billion in Raises


Monday December 6th, 2010   •   Posted by David Theroux at 7:03pm PST   •   8 Comments

The Federal Times reports in “Federal pay freeze plan wouldn’t stop raises” that President Obama’s claimed, 2-year “pay freeze” does nothing of the sort, but instead will result in 1.1 million employees receiving from 2.6 to 3.3 percent increases in wages or more than $2.5 billion in pay raises. (Military and legislative branch personnel…
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U.S. Cities Face Half a Trillion Dollars in Government Employee Pension Deficits


Tuesday October 12th, 2010   •   Posted by David Theroux at 1:53pm PDT   •   4 Comments

In a new article in the Financial Times, Nicole Bullock reports that a huge pension deficit of more than half a trillion dollars for 50 U.S. cities may produce calls for a massive federal bailout: “Big US cities could be squeezed by unfunded public pensions as they and counties face a $574 billion funding…
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