6:30 pm, May 29, 2015

FederalNewsRadio.com - Purpose of Comments statement Click to show

Hubbard Radio, LLC encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comment boards following articles, blog posts and other content can descend to personal attacks. Please do not engage in such behavior here. We encourage your thoughtful comments which:

  • Have a positive and constructive tone
  • Are on topic, clear and to-the-point
  • Are respectful toward others and their opinions

Hubbard Radio, LLC reserves the right to remove comments which do not conform to these criteria.

  • 3

  • Where's the Spreadsheet?
    Arlington Hewes
    According to Jack Lew, the new Director of the Office of Management and Budget, freezing federal workers pay will save "$2 billion over the remainder of this fiscal year, $28 billion in cumulative savings over the next five years, and more than $60 billion over the next 10 years." It would be interesting to know how deep an analysis was conducted in getting to these numbers. Presumably they reflect reduced salary (and pension) outlays. Do they also reflect reductions in other non-salary expenditures by the government as employer? The impact of reduced contributions to Social Security and Medicare? The impact of reduced federal and state tax revenue? Further downstream, there are the more speculative negative economic implications of freezing (or, effectively, reducing) pay at a time when the economy is fragile and needs a boost rather than an elbow to the lip. I'm not opposed to the proposed pay freeze -- but I'd feel better about it if had been accompanied by a clear and detailed analysis of the many interlocking factors that collecltively make it the right step at the right time for America and its economy, rather than as a "share the pain" gesture offered with the hope of placating a comment-box lynch mob that views federal employees as worthless, overpaid, coddled parasites -- all of whom should be fired and hanged (in no particular order).
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Freeze?
    The two year freeze probably won't freeze the retirement annuity computation. If your 2010 salary is your highest annual salary then it certainly won't freeze it. For example: 2008 salary=$73,000, 2009 salary =$75,000, 2010 salary=$77,000, frozen 2011 salary=$77,000 and frozen 2012 salary=$77,000. If you retire on 12/31/10 the high three is $75,000. On 12/31/11 it is $76,333, on 12/31/12 it is $77,000. Your high three will still increase over the three year period just at a slower rate.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Sublimation?
    Arlington Hewes
    Assuming, of course, that the high-3 formula for federal workers' annuities remains the law of the land. If replaced with a high-5 formula (as is being proposed by the National Commission on Fiscal Responsibility and Reform) annuities would shift from "low" into "reverse."
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }