From: Brent on 9 Jun 2010 00:45
"It is said that government workers now make, on average, 30% more than
private sector workers. Put that fantasy aside. It far underestimates
the real figures. By my calculations, government workers make more than
twice as much. Government workers are America's fastest-growing
Doubt it? Then ask yourself: What is the net present value of an $80,000
annual pension payout with additional full health benefits? Working
backward, the total NPV would depend on expected returns of a basket of
safe investments--blue chip stocks, dividends and U.S. Treasury bonds."
That's a big part of why there are ticket cameras and speed traps. A
criminal class that preys upon us to increase their own wealth. Easier
work than being productive.