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Why Does Maryland Have The Most Millionaires Per Capita? The Answer Might Make You Angry
Submitted by Michael Snyder via The Economic Collapse blog,
The fat cats in Washington D.C. are living the high life, and they are doing it at your expense. Over the past decade, there has been one area of the country which has experienced a massive economic boom. Thanks to wildly out of control government spending, the Washington D.C. region is absolutely swimming in cash. In fact, at this point the state of Maryland has the most millionaires per capita in the entire nation and it isn’t even close. If you have never lived there, it is hard to describe what the D.C. area is like.
Every weekday morning, hordes of lawyers, lobbyists and government bureaucrats descend upon D.C. from the surrounding suburbs. And at the end of the day, the process goes in reverse. Everyone is just trying to get their piece of the pie, and it is a pie that just keeps on growing as government salaries, government contracts and government giveaways just get larger and larger. Of course our founders never intended for this to happen. They wanted a very small and simple federal government. Sadly, today we have the most bloated central government in the history of the planet and it gets worse with each passing year.
If you were to ask most Americans, they would tell you that the wealthiest Americans probably live in cities such as New York or San Francisco. But thanks to the Obama administration (and before that the Bush and Clinton administrations), the state of Maryland is packed with millionaires. In particular, the Maryland suburbs immediately surrounding D.C. are absolutely overflowing with government fat cats that make a living at our expense. Every weekday morning, huge numbers of them leave their mini-mansions in places such as Potomac and Rockville and drive their luxury vehicles to work in the city. As the Washington Post has detailed, at this point approximately 8 percent of all households in the entire state of Maryland contain millionaires, and the rest of the area is not doing too shabby either…
In Maryland, nearly 8 out of every 100 households in 2014 had assets topping $1 million, giving the state more millionaires per capita than any other in the country, according to a new report from Phoenix Marketing International.
The rest of the Beltway isn’t lacking in millionaires either: The District and Virginia ranked in the top 10 among those with the highest number of millionaire households per capita in 2014. In Virginia, which was No. 6 on the list, 6.76 percent of the state’s 3.17 million households are millionaires. And in the District, which rounds out the top 10, 6.25 percent of its more than 292,000 households are millionaires.
And while not too many of them are millionaires, your average federal workers that toil in D.C. are doing quite well too.
Once upon a time, it was considered to be a “sacrifice” to go into “government service”.
Not anymore.
If you can believe it, approximately 17,000 federal employees made more than $200,000 last year.
Overall, compensation for federal employees comes to a grand total of close to half a trillion dollars every 12 months.
In fact, there are tens of thousands of federal employees that make more than the governors of their own states do.
Does that seem right to you?
If you want to live “the American Dream” these days, the Washington area is the place to go. Just check out the following description of the region from the Washington Post…
Washingtonians now enjoy the highest median household income of any metropolitan area in the country, and five of the top 10 jurisdictions in America — Loudoun, Howard and Fairfax counties, and Falls Church and Fairfax City — are here, census data shows.
The signs of that wealth are on display all over, from the string of luxury boutiques such as Gucci and Tory Burch opening at Tysons Galleria to the $15 cocktails served over artisanal ice at the W Hotel in the District to the ever-larger houses rising off River Road in Potomac.
And of course let us not forget the fat cats in Congress.
According to CNN, our Congress critters are now wealthier than every before…
The typical American family is still struggling to recover from the Great Recession, but Congress is getting wealthier every year.
The median net worth of lawmakers was just over $1 million in 2013, or 18 times the wealth of the typical American household, according to new research released Monday by the Center for Responsive Politics.
And while Americans’ median wealth is down 43% since 2007, Congress members’ net worth has jumped 28%.
Not only that, there are nearly 200 members of Congress that are actually multimillionaires…
Nearly 200 are multimillionaires. One hundred are worth more than $5 million; the top-10 deal in nine digits. The annual congressional salary alone—$174,000 a year—qualifies every member as the top 6 percent of earners. None of them are close to experiencing the poverty-reduction programs—affordable housing, food assistance, Medicaid—that they help control. Though some came from poverty, a recent analysis by Nicholas Carnes, in his book White Collar Government: The Hidden Role of Class in Economic Policymaking, found that only 13 out of 783 members of Congress from 1999 to 2008 came from a “blue-collar” upbringing.
Incredible.
But even though almost all of them are quite wealthy, they don’t hesitate to spend massive amounts of taxpayer money on their own personal needs.
For example, according to the Weekly Standard, more than five million dollars was spent on the hair care needs of U.S. Senators alone over one recent 15 year period…
Senate Hair Care Services has cost taxpayers about $5.25 million over 15 years. They foot the bill of more than $40,000 for the shoeshine attendant last fiscal year. Six barbers took in more than $40,000 each, including nearly $80,000 for the head barber.
And in one recent year, an average of $4,005,900 was spent on “personal” and “office” expenses per U.S. Senator.
So the grand total would have been over 400 million dollars for a single year.
That seems excessive, doesn’t it?
And even when they end up leaving Washington, our Congress critters have ensured that they will continue to collect money from U.S. taxpayers for the rest of their lives…
In 2011, 280 former lawmakers who retired under a former government pension system received average annual pensions of $70,620, according to a Congressional Research Service report. They averaged around 20 years of service. At the same time, another 215 retirees (elected in 1984 or later with an average of 15 years of service) received average annual checks of roughly $40,000 a year.
If you can believe it, there are quite a few former lawmakers that are collecting federal pensions for life worth at least $100,000 annually. The list includes Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.
Of course the biggest windfalls of all are for our ex-presidents. Most Americans would be shocked to learn that the U.S. government is spending approximately 3.6 million dollars a year to support the lavish lifestyles of former presidents such as George W. Bush and Bill Clinton.
So does this make you angry?
Or are you okay with these fat cats living the high life at our expense?
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Senators gotta look good, right? It's a national pride thing.
Haircuts with "happy ending?"
If you are not a white male and you are not feeding at the Obamatrough in the DC region, you are missing out.
Armed robbery.
Nothing less.
I worked in a huge gov't facility as a Fortune-100 company contractor for over 20 years. I worked with gov't civilians ranging from GS-5 to high-level SES. I don't know about the number of millionaires, but I do know one thing...
You certainly cannot fire one. I've known gov't managers who just threw their hands up in the air in frustration... they could NOT get rid of their under-performers. Unless a civil servant commits murder - he has a job for life.
No wonder the gov't is so inefficient and wasteful.
Performance is secondary to a persons feelings of self worth, and a termination would definitely be damaging to that. Besides, all large bureaucracies are designed to avoid responsibility, and performance most definitely IS NOT responsibility. Its those troublesome few that complain about performance or lack thereof, who are the problem, the threat too the rotten applecart, potentially strewing rotten apples on the floor for everyone to see. SO just stop it!
Over half of the Top 20 median income counties are in and around DC
http://en.wikipedia.org/wiki/List_of_highest-income_counties_in_the_United_States
Government employees are the real 1%. Many have multimillion dollar equivalent (what one must have in a 401K for a comparable annual income) pensions waiting for them after 20 to 30 years of sitting at a desk, harassing the very tax payers who pay their salaries. On top of that they get health care covered, four weeks of vacation after a few years of "work,", and never have to worry about losing their job no matter how poorly they perform. Only wealthy people can live like this.
We decided to go on a 'once-in-a-lifetime-vacation' as a family just before our oldest left for college. We booked a one week land tour/oneweek cruise in Alaska.
Most of the boat was filled with early retired Federal employees and tier one teachers. WTF? One couple in their 50's both worked for the Federal government and did this type of vacation twice a year. One had just retired (but worked in the same agency as a 'consultant' while the other was about to retire. Another guy - 52 - said he just retired after being made an early retirement offer he 'couldn't refuse'. He really didn't plan or want to retire but the offer was too good to pass up.
I worked for the NY Fed back in the 80's in operations. This was the dawn of personal computers. We had 3 for staff use but one was on our manager's desk. A bunch of engineers waiting to take turns, staying late to do work. Our manager was always on his copmputer but none of us could ever figure out what exactly he was doing (his track record was one of unending incompetence - I was brought in to clean up one of the messes he made). We put a usage monitoring program on our manager's computer to find out why he absolutely NEEDED his own computer. Turns out he was playing 'Bricks' all day. The head of the area's computer support group was totally unqualified but daddy played golf with the head of the NY Fed. She'd actually get up and leave meetings - disappear - when unable to answer questions. Totally fubar. We had soem greap people working ther ebut few lasted more than 9 months - they got SO frustrated they bailed at the first opportunity.
I learned how to 'lie with statistics there' - I backed in to more numbers there than you could think possible. Our VP read a number wrong once - no matter. I could justify that number with ANY set of circumstances. Totally fucked and these are the people running the economy?
I should have kept my mouth shut and followed our manager's lead. I'd have retired a 16P making a nice 6 figures for doing nothing.
Yep. If more people only knew...
Many of them will retire in their early 50s - full retirement making a $80K/year pension, plus or minus $30K depending on their position, then take the same job as a contractor making $150K/year on top of that. Meanwhile the tax payer is scraping by hoping to be able to afford airfare instead of having to drive for vacation.
yeah, and even murder is not enough to get rid of the ones in law enforcement...
And if you're a "person of color" you've really got it made.
Especially under Obozo.
Dat True
PG (Prince George) county is probably the best (worse) example of the Federal worker living high on the hog (us). Driving Mercedes and Bemmers and not doing shit for hard work - cause they are civil servants.
Doubly protected by 6 years of Oblamo cronies burying deep into the Federal bueracacy.
I live in Fairfax in VA and it is bad here, too. I'm not a Fed. and can't wait to leave.
NoVa
As a manager, the only way to get rid of a deadbeat federal employee is to give them the best job reviews possible in order that they can get a higher paying job somewhere else.
I've actually seen that! But then the receiving manager will be coming after you to try and cut your balls off.
That sounds like a violation of the Peter Principle Unpossible!
I love a softball question, now and again.
"...become a DEA or CIA agent. All you gotta do is see the American people as the enemy and as suckers, and you're set for life." -- observation by author Doug Valentine
Who gives a flying fuck. Someone needs to make some coin. Anyone posting on here earned all there toll, busting albsolute ass and walking five miles to school every morning.
Even Tyler just sits on his ass and types all day.
No one is that worthy.
I'm sorry - I don't think that is the same as sucking the tax teat. big difference
And btw - I made what little I have for the moment walking more than 5 a day and it wasn't to school
So which three-letter bureaucrat farm do you "work" at?
Wanna get rich? Be a "civil servant".
and don't even think about a real job.
ya'll keep voting now - ya' hear!
I admire the sentiment in this article, but it is incoherent and basically wrong.
A person with $1 million in assets (including their house and retirement plans) is not a millionaire in the sense the article implies. And then to lump such people in with Congressmen and Senators who actually MAKE $1 million and up per year makes the author look like a moron.
Did you know, the recommended amount for any American household to retire on is.......wait for it.......
$1 million in assets. For example see http://www.investopedia.com/financial-edge/1211/how-much-should-you-have...
That is considered normal in the Old Order. This article paints anyone who actually works and saves as they should as some kind of fiend.
It doesn't serve the cause to make stupid math mistakes when complaining about it.
First - let's differentiate between working and actually producing something The hordes of lawyers/lobbyists referenced therein produce nothing. and I'm sorry - I think your quoted recommended retirement assets $1M is a joke. How do you think the average guy making - no - let's go to a nice tidy sum of $100,000 per year. Take out taxes and any reasonable living costs - how does that put $1M in after tax assets in a retirement account.
Get a clue
Yep, it takes $5 Million in a 1% CD to make $50K a year.
With LIRP/ZIRP there is no retirement if you have $1 Million and plan to require $50K to pay for everything.
Jim, thanks for having the balls to say what is correct.
A million dollars of "assumed" assets does not mean shit. The digital stox and your house is worth "how much???"
I've been a thousandaire for many years and am very proud of it.
FTFA
With $1 million in savings, at a 5%interest rate, one could be reasonably assured of having $50,000 in annual income by investing in long-term bonds and simply living off the income.
So were are these 5% savings rates? Oh you make up the shortfall via SS/pension?
Good luck with that.
Your analysis is retarded. The article was talking about millionaires per capital as well as salaries and expenses withing the .gov. The point is that .gov is FORCING wealth consolidation AT THE POINT OF A GUN by taking from THE PEOPLE and giving to ITSELF.
You know, you really do deserve Al Franken.
Public servants you say. I would say the public gets served everyday.
"It's a cookbook!"
BOHICA!
Ehh fuck'em all they have a lot more worries than I do.
How so?
Ah, public servants are just trying to make their way in cruel, cold unfair world.
+, they keep us safe.
DC is a den of thieves. They will extract and confiscate from you by force. They place themselves above you. You are the serfs, and you must keep paying tribute to their greatness. The police state keeps getting bigger and nastier, not for your' protection, but to make sure you keep paying. Politicians always promise reform, but once they arrive in DC they join the club. It's a nice little party at your' expense.
What little I pay is fair enough for me. They key is to not contribute to the economy, and I am doing my part. I buy only what I need when I need other than that I enjoy my simple life.
Some would describe your situation as a lack of ambition.
Don't worry, the Republicans will change that! HAR HAR HAR!
When we were young and we would bring home poor grades our parents would say "If you don't work harder you'll end up a garbage man"...now people are jumping at the opportunity to be put on the list to be hopefully chosen to toss trash..."20 and out with full bennies" is the mantra chanted.
Doing trash is a honorable activity, can you imagine if there were no garbage men? Mac'n'cheese and TV dinners rotting on the streets.
we used to burn our trash and what didn't burn we hauled to the dump.
Public services are largely conveniences that we have become convinced are necessities, and will demand that others pay for if we feel so inclined.
Its a right after all.
That is the name of the game since Stoneage.
And that is not gonna change the next million of years.
(As that would require the humans genes to change [to the positive])
I hear a giant sucking sound from inside the beltway...,ssslllurrrrp.
I live in Maryland just outside of DC. While there are no doubt many government higherups collecting nice paychecks the very rich are not the government employees - they are the lobbyinsts, consultants and contractors.
Who downvoted that? TRICK speaks the absolute truth. "L'Chaim-EY" is dug in the Capitol Beltway in a way that rivals NYC & Hollyweird.
Anyone who depends on government for their business is de facto government. The money payed to those lobbyists and consultants is just another form of taxation payed by the productive to the unproductive. They are middlemen and raise the costs of doing business. The consumer ultimately pays those added costs. The sytem demands tribute, and it reduces the standard of living for everyone.
I have a small business, but I didn't build it...Obama and Pocahontas said so. Its ALL thanks to the benevolence of government.
Yep, and I bet they are mostly Ivy League Graduates. How else could you hope to be a Vice president of a Defense Company.
contractors especially defense contractors
lockheed martin. 50 bln in revenue, 90% from the govt
and some exec comp #s
http://www.washingtonpost.com/business/capitalbusiness/lockheed-ceo-hews...
I don't know why he got all caught up with fed employees, when those people you noted are also fully dependent upon the feeding trough that is DC.
Still government parasites feeding at the taxpayer-provided trough.
Thus, still the same nation-destroying problem.
K-street and D.C., no fucking shit.
The bankers and financiers must repay us...
Since the US Congress is the only entity with the power over the FED, the power to enforce laws, the power to legislate, and the power to create a good environment for business and prevent capital from going overseas to production in Slave China... VICHY DC is the only hope if you believe in hope.
It all lies with US Congress and that is a poor outlook for our young.
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--- Teeth's US Dream Anthem --
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- It is 1 Minute to Midnight: Neo-Feudal Debt Slavery & nuke war
- Problem is Bankers, Politicians, Lawyers & Judges
- Failure of Self Regulation of Bankers, Politicians, Lawyers & Judges
- US Constitution is Usurped, Gone are Budget Powers, Legislative Powers, War Powers
- Money has taken over the Government, Banking, Universities, Science
- American Dream is over, Corruption is the same in all Countries now
- Old American Dream may serve as basis for new Country someday
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--- Teeth's US Dream Anthem --
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Congress???? LOL, you mean the BIS (which immunizes CBs from such pesky details as local jurisdiction).
which banana republic are you talking about?
The bullshit is the contractor sub-contractor game. Make yourself Woman or Minority Owned Business. Bid RFPs. Get them awarded to you and then sub out the RFP. You get your scrape. Hundreds of thousands or millions without doing anything except put numbers in a spreadsheet.
If the country only knew what was actually said in a DC bar...
exactly! sub it out.. make.. 10-20% and drink all day... good work if ya can find it!
Head up BW Parkway to Balmer. Things are different.
Cross the Bay Bridge to Cambridge, Denton, Salisbury, Princess Anne. Things aren't as rosy.
Anybody Else started Drinking yet today?
Maybe it is a bad week to stop drinking... like in the Movie Airplane... stop smoking, stop drinking coffee, stop using heroine...
Perfect place for the Russkies to take aim
I'd be more than happy to serve as the boots on the ground Ranger, with the spotting marker.
In actuality, it would be a true act of patriotism.
My friend used to live on the Chesapeake Bay and sold several of his lots for $300k to $500k a piece. Gubmint people or gubmint contractors would come over from DC and lay down cashola for the lots and then build a mega house -- $1 - $2 million and up -- facing the Bay.
He bought back in the 1940s and is always amazed at how much money these DC folks have. His family made their money then fishing and crabbing in the Bay before it became so polluted and void of edible things, over fished terribly.
Your tax dollars at work.
Annapolis Fire Guts 16,000-Square Foot Mansion, 6 People Missing
http://www.washingtonpost.com/local/crime/fire-guts-anne-arundel-mansion-reston-it-exec-don-pyle-wife-4-children-feared-inside/2015/01/19/5a3945fa-a014-11e4-903f-9f2faf7cd9fe_story.html
Cybersecurity contractor.
Oh Boo hoo hoo. I thought I smelled bacon this morning. Too bad it was just burning liberal scum bags.
Hate to admit it, but I moved to a Chesapeake Bay-front house in 1987, cost me $148K. Worked in telecom in the DC area. Last year, sold the house (without advertising it) for $3.5M. Hey, I guy's gotta live, right? Never saw any sea level rise, but if the global warmers are right (they are totally wrong!), the house is history soon . Not bad for a 'grunt'. Retirement is GOOD.
That Bay area is pretty hot now with all the DC money and related trcikle off. I've seen a few cycles but I am not sure that one will end. gov cities and surrounding areas tend to be immune from Main Street and Wall Street boom-bust cycle cause money flows into DC 24/7.
Aministrative Sciences - it's a great field!
And who says Rent-Seeking isn't profitable??
This proves big government is good: the bigger it gets the more people it makes rich! Eventually we'll all be rich. Wheeeee!
Now we know where to take our Pitch Forks and Guillotines.
I moved right oustide DC last June. I'm astonished at the number of lawyers, lobbyists and political smurfs that populate the area. Everyone has some connection to the government, its disturbing. The housing prices are something else - as one of the girls I dated told me a few weeks ago "My condo will always be available to rent because demand is so high here and I'll NEVER lose money on the investment." She paid $525,000 for a 700sq ft condo in Arlington, VA. The kicker is she works in real estate and thinks she got a good deal.
Time to move to the country.
You mean that you're astonished by the amount of scum bags.
Could you get me a date with her?
What is amazing is most of those "haircut in search of a brain " people are voted in by the ones they take the money from.
"And while not too many of them are millionaires, your average federal workers..."
WRONG!!! I have sad news for you. Most EVERY federal government employee is a millionaire, if not a multi-millionaire, when you include the present value of their pensions. The study mentioned only lists assets. Including financial assets, home equity and net present value of pensions, the numbers are absolutely off the charts.
One man's multi-millionaire is another man's worthless piece of garbage.
Crime pays as long as the crimes you're committing are prohibited by the Bill of Rights.
While we have our pitchforks out for the east coast dirtbags, let us not leave out silicon valley. Those of us on the west coast will take care of them for you. You're welcome. Oh, and all the banksters and lawyers in SF.
All those millionaires, and yet the state still had to tax people for rain.
http://www.forbes.com/sites/travisbrown/2014/01/03/when-it-rains-it-pour...
Get a rope...
This is why ALL guns are illegal in D.C.! These scumbags know that once a critical mass of people realize how much the federal government as fucked over America there is going to be blood in the streets! Each American should note the local address of their members of Congress, just sayin.
It shows that Govt debt/spending DOES NOT matter. Money created by a few key strokes,...
pay it back to who or what.?
Maryland only has about 5.5 million residents, that why their concentration of millionaires is #1 in the nation. A clearer illustration of this raping of the american taxpayers is to look at the wealthiest counties.
Here are the top 10:
Five of the top ten are in Virginia, all adjacent to or in commuting distance to DC. Our tax dollars hard at work...makes me want to throw up.
Have lived in Loudoun for 20 years. you are spot on sir
When the tit dries up, half of these numb nuts are going to be looking around wondering how to feed themselves. I live in Loudoun...home of the goverment hack and pepetual dumb ass. When they are not too busy figuring out how to disarm themseleves they are busy leaning valuable skills like yoga and paintball.
So much bitching, so little action. If you really want to do something to solve the problem, contact your state legislator and tell them in no uncertain terms that you want them to back the adoption of a state run Article V Constitutional Convention. Tell them that you want a serious discsussion in the beginning of the Convention to determine whether the states should ratify one single Amendment which terminates the original Federal Republic created by the Constitution and return all powers of governance to the sovereign states.
The only remaining issue to be discussed after that would be what to do with the 10 square miles of property once known as Washington, D.C.
Three states have already requested an Article V based on the Convention of States proposal. Another 10 or so are currently considering the proposal. We are moving toward introducing the proposal to the Ohio state legislature.
Change will only come to Washington, D.C. from the outside. Thanks to George Mason, an original founder, the states have the power to "fix" the problem in D.C. with a ratification by 38 legislatures, potentially by terminating it outright. Bitching about the problem won't fix it. Only actively involved citizens can do what is needed.
Or, the 3 percenters like in 1776 if we wait too long.
So what are you if the 3%'ers sound uniformed?
An anarchist?
please...go a bit deeper on the induced (by design) debt/deficit hysteria...
http://neweconomicperspectives.org/2015/02/the-millennials-money-pt-1.html
But they still feel the need to have tolls on their highways.
Hey people this setup sounds a lot like Greece....
Not one of them has a job that adds anything to the economy, they just take, and take and take and produce nothing.
Well they don't live in Baltimore...not too many of them. Nope. If the government heads off to the dustbin and all the government jobs disappaer, Maryland would get hammered over the head repeatedly until it starts seeing stars, stripes, bombs bursting in air, etc.
Oh say can you see?
Three of the richest and one of the poorest counties in the country make up Washington DC
Left PG county 14 years ago and never looked back. Born and raised there and watched it go to shit. sad.
The pigs cosest to the trough are always the fattest.
Let's see what Maryland produces in contribution to the GDP. I expect Not A Lot, correct me if i'm wrong!
Richard Cantillon does a good job of explaining why this is so in his "Essai sur la nature du commerce en general 1755"
Basically he says wealth gathers around the king in successively diminishing concentric rings.
http://socserv2.socsci.mcmaster.ca/~econ/ugcm/3ll3/cantillon/
Why?
I assume that it is very profitable to feed on other citizens life blood, while sitting on your ass barking out demands and issuing regulatory guidelines from your petty fiefdom.
How will this trend be changed?
In the harshest of ways with the one time public servants brought to heel and stripped of everything and at the very least all of their ill gotten assets siezed, and imprisoned and the worst case....
.,..this is so upsetting. We were certain the missing dollars were being skimmed by school teachers and family workers that were given elaborate benefits like say, health-care. I feel a consoling comfort to finally know that the slick financial predator's that have been plundering the global economy are barbers and hairdressers (the evil hair-doers)
Seemingly,the myopic herd cannot grasp that corporations are not concerned with the common good, they exploit, poison, pollute, impoverish, repress, kill and lie to make money and attain and retain power. They are attempting to gut public education, overthrow the global economy, plunder government treasury's and crush all popular movements that seek justice and authentic democracy for working men and woman.
This "law of the jungle" a Darwinist form of unfettered capitalism has an end game. It becomes a revolutionary force, that consumes greater and greater numbers of resources and human lives, until finally, it consumes itself.
The constitution and all guarantees of personal liberty are a nuisance, continually being revised to reflect a system that is unaccountable for elitists, enforcers and supervision, constantly concealed by the false front of fear and secrecy. More and more we are watching hollow acts of political theater, labeling it democracy, when in fact it's not. An authentic public conversation will not happen if we continue to let a greed-based, narcissistic, unfettered market, which radiates with a sociopathic lack of interest for others, ride roughshod over nation states and humanity.
The government that permits this to happen is complicit in a vast crime of betrayal.
Do facts cease to exist if they are ignored?
Are you saying that there are good guys and bad guys and you are one of the good guys? I suppose this means Milo Minderbinder (Catch 22) is a bady guy.
You can thank the 16th and 17th amendments both of which where never lawfully ratified for neutering both the people and the states. Until the balance of power of the states is restored and we throw off the private run-for-profit feral reserve and its collection agency the IRS, we will never be a free people or country.
No need to fret. None of them will make it through unscathed. These hogs at the public trough are just being fattened up for the slaughter, and when it comes they will squeal like stuck pigs. Remember during the debt ceiling debate, what was the first thing they grabbed? You got it, federal pensions. Just keep stackin' because Maryland will look like Detroit once the big one hits.
Silver For The People
Every one of the public parasites pulling a pension, or expecting to, is a multi-milllionaire. How much wooudl you have to have in the bank to pull down $100k in annual retirement That isn't uncommon at all. Even the lowest parasite pulling as little as $20K amnnually is a multimillionaire.