Government Worker Benefits Getting Rich on Backs of Private Sector

"David Walker, the U.S.Comptroller for Clinton and then G. W. Bush says under the Obama administration, government workers, through pensions and salaries, are growing "prosperous" on the backs of the private sector. Walker says the only way to stop this is to inform the public, and for us to understand that "We the People" have the power to do something about it.

David Walker

From David Walker, now the CEO of the Peter G. Peterson Foundation

“There is a huge gap. State and local plans on average … are much more lucrative than typical plans for employees. State and local government employees, on average, have greater job security than people in the private sector. And state and local government employees, in the middle of government, in many cases make more money than their private sector counterparts,” Walker said during a speech at the U.S. Chamber of Commerce. According to Pew numbers provided by the Chamber, the budget gap to cover state employees’ benefits totals $1 trillion.

“Therefore, if governments expect taxpayers to pay more taxes to fund lucrative benefit programs that are much better than the average employee gets, in jobs that more job security and in some cases make more money than their private sector counterparts, that ain’t gonna happen,” he said. “But the only way it’s not going to happen is if there’s transparency and if the cover is blown, so that pressure is brought to bear to make changes.”

"We the People" will have a private sector rebellion on November 2nd.