Wednesday, December 15, 2010

Federal employees doing Ok in recession.

Obama announced a two year pay freeze a while back but Federal Employees still get the
"step increase". 2.6-3.3 percent. Congress has not approved that freeze yet.
In addition to the General scheduled employees receiving step increases, some of the governments 187,000 "wage grade" employees also will get the "step increase".
Also in June the government paid $408 million in bonuses to 359,400 people the average being $1,135 each, in physical 2009.

Seems to me the recession has not hurt federal employees all that much. I have not seen any one I know in the private sector get 2.6 percent pay increase per year.

Repubs. added $750 billion to debt.

If your Married and filing jointly and you had taxable income of over $80,000 you got $2668. Married and filing jointly and taxable income of $150,000 you got $4768.

Married and filing jointly with taxable income over $270,000 you got $8,368.
Married and filing jointly with taxable income over $400,000 you got $12,547.

Now the question is. Will you invest it to create more jobs in the U.S.A.? Or
will you and your wife take another vacation?.

Wednesday, December 08, 2010

add to debt

Well the Republicans added $700 billion to the National Debt with tax cuts for 1 percent of tax payers, in addition to the $2 trillion for the Iraq war. Seems they are not as worried about debt as they claimed. According to Rush this was a "major victory" for Republicans.

I don't understand how putting the problem off on our children and grand children can be considered a "major victory" but Rush is "always right". Right?

Tuesday, December 07, 2010

Median Family Income, 2010

The place with the highest median family income is the Washington, D.C., metro area, which includes the nation's capital, as well as wealthy suburbs in Virginia and Maryland. In 2009 families in this region earned a median income of $102,340, a 0.7% increase from 2008. D.C. also boasts a better than average unemployment rate of 5.9%, far below the September's 9.2% national average.

In places like San Jose, Calif., (No. 3) and San Francisco (No. 5), the effects of the recession are more obvious. San Jose, part of the country's biggest tech hub, saw median family income drop 6.5% to $96,443. San Francisco, a financial center which also relies heavily on the tech industry, experienced a decrease of 3.7% to $90,734.

Wealthy suburbs on the East Coast also saw negative growth, even though incomes are still high. In second-ranked Greenwich, Conn., (No. 2) and the surrounding areas that make up the Bridgeport-Stamford-Norwalk, Conn., Metropolitan Statistical Area, median family income plummeted by 6.7% to $98,118.

So will next year's numbers look better for the rest of the country? If you consider unemployment rates, the prospects aren't good: Overall U.S. unemployment rates have climbed from 5.8% in 2008 to 9.3% in 2009 and an estimated 9.7% in 2010. But Shierholz says there will be more places showing recovery, even if the country at large still struggles. "On average the median income will come down a bit," she says. "But there will be metro areas that see improvement."

Anchorage, Alaska, metropolitan statistical area
Median family income: $83,180