Average yearly salaries:
US Army $23,000 per year average salary
US Citizen $50,000 per year average salary
Federal Employee $74,000 per year average salary
Member of Congress $174,000 per year average salary
This week, for comparison, I will be posting salaries of the top five Hedge Fund managers, athletes, TV stars, CEO’s and movie stars.
Yesterday, the Administration has indicated that they will impose a freeze on salary increases for the next two years. Although this approach was implemented by most companies two years ago, a hiring freeze was also instituted by most firms. The federal government should also implement a hiring freeze. This move was political and a smoke screen when the spending is not over!!! The safe food legislation is under consideration by Congress in the lame duck session. Oh no, more spending.
Government spending is out of control and they want to reduce the deficit on the backs of the federal employees! Why not cut the salaries of the administration and congress. Congress should pass legislation reducing their salary to $1.00 per year for the next two years.
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