Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Artificial Intelligence Opposed
  • Contact Us

Cato Saves Taxpayers $90 Billion

August 2, 2013 By Richard C. Young

From the Cato Institute:

A modest victory for spending restraint has been the ongoing freeze in federal worker salaries. Since its enactment in 2010, the “freeze” has not fully stopped federal pay increases, but it has slowed the growth to save taxpayers about $90 billion.

The original idea for the pay freeze was an August 2006 op-ed in the Washington Post by Cato scholar Chris Edwards. Edwards highlighted overlooked data that revealed rapid increases in federal wages and benefits under President George W. Bush. The op-ed was followed two days later by a Wall Street Journal editorial based on Edwards’s work, which called the government “Club Fed” for its overly generous pay.

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • Fred Kaplan at Cato
  • Today I’m at the Cato Institute
  • Cato Institute: Top 5 States: Freedom in the 50 States
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians - May 12, 2025
  • No Surprise: Lindsey Graham Wants a War with Iran - May 12, 2025
  • Abusing the Constitution - May 12, 2025

Dick Young’s Must Reads

  • Washington Is the Systemic Risk
  • For Whom Is Your Portfolio Serving?
  • SVB – There’s Panic in the Air
  • When the Black Swan Swoops In for You
  • Protection While Traveling in France
  • DIGITAL ID: You Are More than a Soulless Digital Identity
  • RAPPOPORT: War Applauded by “Stone Cold Utopians”
  • Rich Grandchild, Poor Grandchild
  • A Word or Two about Your Survival Guy’s Money
  • Can Ginger Combat Heart Disease and Improve Circulation?

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Prior Planning: Thank You, Mom
  • U.S. and China Slash Tariffs in 90-Day Trade Truce
  • Semiconductor Market Sees Strong Yearly Growth
  • Why Some States Paid Double for Power in 2024
  • Survive
  • GLE Advances ‘Holy Grail’ of Enrichment
  • Reusable Hypersonic Era Takes Off Again
  • Fusion Milestone: ITER Magnet System Finished
  • More Young Adults Diagnosed with Cancer
  • May RAGE Gauge: Survive

RSS Yoursurvivalguy.com

  • Prior Planning: Thank You, Mom
  • TOTAL RESET: Trump Announces Progress with China
  • Stock Market Crowd: Prepare for Your Retirement Life
  • Survive
  • Investing Mistakes to Avoid: #1 Y-O-U
  • Mike Rowe Keeping Families Together
  • May RAGE Gauge: Survive
  • Investing Mistakes to Avoid: #2 Tomorrowland
  • Drone Wars: US and China Showcase Next-Gen Microwave Weapons
  • Solving America’s Missile Shortage

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives