Federal Budget

Brooks: Federal Budget Has Same Flawed Structure as SVB

On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that the federal budget has the same sort of reliance on low interest rates that Silicon Valley Bank (SVB) had and this is especially a problem since “inflation is

SVB - David Brooks on 6/22/18 "PBS NewsHour"

Federal Workers Earn 78% More Than Private Sector Employees, Study Shows

According to a study of data from the Bureau of Economic Analysis, conducted by the Cato Institute, compensation for federal workers is 78% higher on average than compensation for private sector employees.

“Federal civilian workers had an average wage of $84,153 in 2014, compared to an average in the private sector of $56,350,” according to the Cato review. “The federal advantage in overall compensation (wages plus benefits) is even greater. Federal compensation averaged $119,934 in 2014, which was 78 percent higher than the private-sector average of $67,246.”

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GOP-Controlled House Passes Budget to Erase Deficits

Normally quarrelsome House Republicans came together Wednesday night and passed a boldly conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare.

The Associated Press