Previously unpublished documents reveal Obama's private sector disaster

With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans

Did you know...

...that Democrats voted [5/28/10] in favor of a 1.4 percent pay raise for civilian federal employees proposed by the Obama administration?

But...

The pay and benefits for the public worker is a $1.45 compared to a dollar in the private sector. So there’s a 45% premium there… If you cut the pay and made it equal, the benefits and the pay with private sector workers, it would save about $340 billion. That’s enough to fill the budget holes in every state over the next two years, if we were just on the same playing field.

Dagen McDowell: US Could Save $340 Billion By Cutting Public Wages Down to Private Sector Pay Rates (Video)

So, either the Democrats are total idiots for not knowing this OR they have a different agenda that has nothing to do with being good stewards of our nation's resources...

Public vs. Private

There are two distinct sectors in the economy: the private sector and the government sector. The private sector is the productive part of the economy. Competition in the private sector promotes greater efficiency, productivity and innovation than the public, or government, sector is capable of. Yet it is government employees who are the highest paid and have the most job security. This helps explain why so many states are facing acute, budgetary crises.

Budget Busting Compensation Packages Plague States

The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data

USA TODAY analyzed the Office of Personnel Management's database that tracks salaries of more than 2 million federal workers. Excluded from OPM's data: the White House, Congress, the Postal Service, intelligence agencies and uniformed military personnel.

The growth in six-figure salaries has pushed the average federal worker's pay to $71,206, compared with $40,331 in the private sector.

Key reasons for the boom in six-figure salaries: