JEFF GUNDLACH: These 3 Charts On Government Jobs Should Make You Furious

TBI ^ | 2-15-2012 | Sam Ro

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JEFF GUNDLACH: These 3 Charts On Government Jobs Should Make You Furious

Febuarary 15,2012
Sam Ro

Jeff Gundlach, the brains behind the $30 billion DoubleLine Capital, hosted a webcast with clients on Tuesday. The title of his presentation: "The Decline and Fall of the Roman Empire."

He drew parallels between the U.S. and Rome, highlighting excessive government spending.

Gundlach noted that one of the major problems with U.S. federal deficits is federal government employee pay.

He was appalled to see that these employees made "so much more than the private workers, who pay the taxes, that pay the salaries of the government workers!"

We pulled the three slides from Gundlach's presentation where he discusses this issue.

Click Here To See The 3 Slides From Gundlach's Presentation

[Osage Orange]

Pretty much agree.............

[Osage Orange]

Used to be.....having a city, county, state, fed job...meant you had better hours, more holiday's, better retirement, more job security, less work, but less hourly pay.

It seems over the years those worker's have everything...that they had before, plus equal if not better pay.

FWIW-

[Ratman83]

Show me where in the constitution the fed government has any justification for the following departments

EPA

DEA

BAFTE

SS

Education

Just as a first list.

I’m an engineer.

Big deal, so am I.

I can guarantee that I can get paid more in the private sector.

I see Federal Engineers that make as much or more than me so your guarantee means nothing. As a government worker you have no accountability were as in the private sector I can be sued over any and all of my work.

You might ask why I remain a federal employee and the answer is that I have had my graduate school tuition paid.

So you are sucking off the government teat for your own gratification. Wow real conservative. Government workers are not under paid, most are overpaid and should not be employed at all.

[flintsilver7]

Based on your grammar, I would suggest that you make less than comparable federal employees because you’re a moron. Being incompetent is a problem when it comes to getting paid.

It’s almost difficult to even respond to your post. You make little sense. If you’re going to argue that the government does not have any Constitutional justification for the departments listed, then *any* amount those employees are paid qualifies as an overpayment.

By the way, taking advantage of a benefit offered to me is not “sucking off the government teat” any more than an McDonald’s employee eating a free or discounted lunch is “sucking off the McDonald’s teat.”

Also, studies have repeatedly shown that federal salaries lag behind private industry salaries for comparable positions. The value of benefits is debatable and as such there is simply no data to support either position as far as overall compensation is concerned.

You may now resume your frustrated keyboard pounding.

[Ratman83]

Based upon your response I will assume that you work for one of the listed agencies or another unconstitutional one.

McDonalds does not take money by force to operate, so yes you are sucking off the government teat.

Per the info in the charts you can take your lagging salary bs and stick it in an appropriately dark place.

So you can go back to robbing from your fellow citizens.