Tuesday, June 1, 2010
Bureaucrats vs. Taxpayers
I'm sure this video will anger some of my friends in government, but Dan Mitchel makes a number of good points that Americans should pay attention to. The level of benefits and salary many have become accustom to are not sustainable. To quote Mitchel: "Government workers have now become a cosseted elite, with generous pay, extravagant benefits, lavish pensions, and ironclad job security. In exchange for this privileged status, they reward the politicians with millions of dollars of support and a host of in-kind contributions." Mitchel make the case that: 1) bureaucrats are vastly overcompensated; 2) debunks the myth that bureaucrats are underpaid compared to the private sector; and 3) makes the libertarian point that most federal bureaucrats should not exist in the first place. I'm sympathetic to his point of view and believe that for the long term fiscal health of the country the bureaucracy needs to be trim, and federal needs to be frozen or actually decrease to reduce our deficits back to a more manageable level. Right now, the government seems to be headed in the opposite direction, and trillion dollar a year deficits as far as the eye can see will turn the country into monumental financial disaster that will make the European mess look like chump change.