Westernskies
Thinks s/he gets paid by the post
- Joined
- May 5, 2008
- Messages
- 3,864
The home across the street from us recently fell into foreclosure. Actually, it didn't fall, it was pushed off the cliff...It was owned by two federal employees who both had 100K+ incomes working for the federal government. They purchased the home in 2005, around the height of the market. A couple of years later they tried to sell it (for more than they paid for it) , but the market had slowed so they chose to just walk away from it. Literally.- one night they were just gone. The place has been vacant for over 6 months; a crew hired by the bank showed up last week to get the property ready to show. I went over and asked if I could take a walk though it. It was amazing to say the least. They left most of their furniture, personal belongings, pet cages, aquariums, dirty laundry, food, and garbage, but they did manage to find room for all of the appliances, (built-ins included), HVAC equipment, fixtures, even the kitchen sink… yes, they stole the kitchen sink, faucets, disposer, and dropped an old battered junk sink into the hole, no faucet, plumbing not even hooked up. The clean-up crew loaded an 8’ x 20’ trailer 8 foot high with all their leftover belongings, destined for the dump.
I am infuriated to say the least. These were not folks scraping by on subsistence wages. Here is an excerpt describing their positions from the Bureau of Labor Statistics:
xxx earn relatively high pay and have good benefits. Median annual earnings of xxx in May 2006 were $117,240. The middle 50 percent earned between $86,860 and $142,210. The lowest 10 percent earned less than $59,410, and the highest 10 percent earned more than $145,600. The average annual salary, excluding overtime earnings, for xxx in the Federal Government—which employs 90 percent of all controllers—was $122,220 in May 2006.
The xxx. pay system classifies each xxx facility into one of eight levels with corresponding pay bands. Under this pay system, xxx’ salaries are determined by the rating of the facility. Higher ratings usually mean higher xxx salaries and greater demands on the xxx judgment, skill, and decision-making ability.
Depending on length of service, xxx receive 13 to 26 days of paid vacation and 13 days of paid sick leave each year, in addition to life insurance and health benefits. xxx also can retire at an earlier age and with fewer years of service than other Federal employees. xxx are eligible to retire at age 50 with 20 years of service as an active xxx or after 25 years of active service at any age. There is a mandatory retirement age of 56 for xxx who manage xxx. However, Federal law provides for exemptions to the mandatory age of 56, up to age 61, for xxx having exceptional skills and experience. .
So, in addition to paying their “relatively high pay”, “good benefits” and a lucrative “pension at age 50”, our tax dollars also get to pay to clean up these folks personal financial situation. This was not a case of them not being able to pay their mortgage. It is a case of them taking a financial dump on the same John Q. Public that employed them; we are undoubtedly going to give their bank bailout dollars to clean up their mess. Anyone else see the irony in this?
Rant over.
I am infuriated to say the least. These were not folks scraping by on subsistence wages. Here is an excerpt describing their positions from the Bureau of Labor Statistics:
xxx earn relatively high pay and have good benefits. Median annual earnings of xxx in May 2006 were $117,240. The middle 50 percent earned between $86,860 and $142,210. The lowest 10 percent earned less than $59,410, and the highest 10 percent earned more than $145,600. The average annual salary, excluding overtime earnings, for xxx in the Federal Government—which employs 90 percent of all controllers—was $122,220 in May 2006.
The xxx. pay system classifies each xxx facility into one of eight levels with corresponding pay bands. Under this pay system, xxx’ salaries are determined by the rating of the facility. Higher ratings usually mean higher xxx salaries and greater demands on the xxx judgment, skill, and decision-making ability.
Depending on length of service, xxx receive 13 to 26 days of paid vacation and 13 days of paid sick leave each year, in addition to life insurance and health benefits. xxx also can retire at an earlier age and with fewer years of service than other Federal employees. xxx are eligible to retire at age 50 with 20 years of service as an active xxx or after 25 years of active service at any age. There is a mandatory retirement age of 56 for xxx who manage xxx. However, Federal law provides for exemptions to the mandatory age of 56, up to age 61, for xxx having exceptional skills and experience. .
So, in addition to paying their “relatively high pay”, “good benefits” and a lucrative “pension at age 50”, our tax dollars also get to pay to clean up these folks personal financial situation. This was not a case of them not being able to pay their mortgage. It is a case of them taking a financial dump on the same John Q. Public that employed them; we are undoubtedly going to give their bank bailout dollars to clean up their mess. Anyone else see the irony in this?
Rant over.