Sunday, September 16, 2012
Baxter Black: Here's my cowboy take on economy
I have many friends who work for the government. The jobs might not always be as exciting, but the job security and benefits are solid gold. My personal economist said the average federal worker making $81,258 annually has benefits of $41,791, for a total of $123,049.
The basic question is, “How many private sector workers does it take to support one federal worker?”
From 2008-10, the beginning of the recession, the private sector lost 7.9 million jobs, more or less, while 590,000 jobs were gained in the public sector. It continues on. Fewer and fewer taxpayers are paying for more and more government, which is trying to create jobs. But the increasing number of government jobs created just puts a bigger burden on the fewer and fewer taxpayers. So eventually when the private sector taxpayers can no longer fund all the government workers, their taxes will be raised to cover the new hires. Sound familiar?
These same private sector taxpayers also are expected to pay for food stamps for 30 percent of all of us and support the 10 percent unemployed, and those on Medicare, government pension plans, unemployment insurance and free government health care.
Not to mention those entrepreneurs that some said should not take credit for their own success, that they owe it to the government who built the roads, rails, buildings and Internet. This begs the question, “Where did the government get the money to build dams and freeways and monuments to politicians in the first place?” Your taxes. When you seek out the source of who really built America, the last man standing will be a person with an idea, a shovel, and the will to work.