Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • 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 and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

A Federal Pay Raise – a Terrible Idea

January 7, 2019 By Debbie Young

Minority Leader of the House of Representatives Nancy Pelosi speaks at the dedication of the Dr. Norman Borlaug statue in the National Statuary Hall at the U. S. Capitol in Washington, D.C. on Tuesday, Mar. 25, 2014. USDA photo by Lance Cheung.

Are Democrats making themselves less believable? Opposing President Trump’s wall between the border of the U.S. and Mexico for budgetary reasons while approving a pay raise for every federal bureaucrat, “only exacerbates the Pelosi/Schumer credibility problem,” explains James Freeman in the WSJ.

Regardless of the wall debate, a federal pay raise is a terrible idea given Friday’s report on the continuing American jobs boom and intense demand for workers in private business.

Why should a deeply indebted federal government provide another financial incentive for its unaffordable workforce to stay put? Their help is wanted and needed in the private economy.

How to Pay for the Wall

The Congressional Budget Office pegged the pay raise for federal workers, which the House just passed, at $3.329 billion in fiscal year 2019.

In other words, take the money the Pelosi House has now approved for barriers and other equipment to prevent illegal border crossings and add the money the Pelosi House wants to hand out in raises for bureaucrats and you have roughly $5 billion, which would just about cover the President’s wall request.

Striking a border deal wouldn’t even necessarily require the Speaker to climb down from her claim of architectural immorality. At his Friday press conference the President seemed willing to call it a “structure” instead of a “wall” and said he’s happy to use steel. This means there can still be a legislative compromise even if the Speaker harbors some deep philosophical objection to concrete.

Compromise on Immigration Reform?

Trump’s seemingly willingness to deal on how to handle the issue of people illegally brought to the U.S. as children is a welcome consideration:

Most encouraging of all, (Trump) spoke at length on the need to keep talented foreign students in the U.S. after they earn valuable degrees at U.S. universities. If the Speaker is willing to compromise, she can achieve much of what her party claims to want in terms of immigration reform.

If not, it means that what Democrats really want is to embarrass the President.

Read more here.

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

Related Posts

  • The Federal Reserve Should Raise Rates Immediately
  • Grand Idea
  • Democrats Will Pay the Price
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over five decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • A Bulletproof Story Goes Amok - September 20, 2023
  • Will the UAW Get What It Wants? - September 19, 2023
  • Cultural Appropriation vs Influence, Inspiration, Homage - September 18, 2023

Dick Young’s Must Reads

  • Marry Compound Interest, Divorce Market Timing
  • Government Should Be Small, Laws Unobtrusive, and Men Left Alone
  • What’s the Best Survival Currency?
  • Your Survival Guy’s 2022 Super States: #1 New Hampshire
  • When the Black Swan Swoops In for You
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • Progressive Liberalism Has Dragged America near Ruination
  • “The Losses are Taking a Toll on Their Health”
  • DEATH SPIRAL: Crime Soars in Democrats’ #DEFUNDTHEPOLICE Cities

Our Most Popular Posts

  • A High-Speed Collision with Reality
  • New York Finds a New Way to Harass Gun Owners
  • Will the UAW Get What It Wants?
  • Americans Are Not Happy with Bidenomics
  • Ron Paul Exposed the Fed and the Neocon Scam
  • Don't Tread on America's Children
  • Bidenomics Gutting Real Household Income
  • “I Want to Be a Farmer, a Garbageman, or Tom Brady”
  • Do You Really Need 8 Glasses of Water a Day?
  • Are You Guys Ready? Let’s Roll!

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

RSS Youngresearch.com

  • Don’t Ask Me When to Haul Your Boat
  • Robot Warehouses Need Better Internet
  • California Mandates Drive Diesel Truck Buying Spree
  • Americans Are Not Happy with Bidenomics
  • Paris’s Big Plans for the Champs-Elysées
  • A Plan for Cutting Federal Government Spending
  • Investing Mistakes to Avoid: #1 Y-O-U
  • Mr. Protect and Preserve: For Where We’re Going
  • Real Incomes Fall Again Under Biden
  • “Jesse’s Going Crazy, Just Running Along the Edges”

RSS Yoursurvivalguy.com

  • Don’t Ask Me When to Haul Your Boat
  • You May Be Surprised by America’s “Least Woke City”
  • GREENWASHING: What’s in a Name?
  • Americans Are Not Happy with Bidenomics
  • “Oh, That Wasn’t So Bad”
  • Prepared for When the Next Black Swan Swoops In?
  • Investing Mistakes to Avoid: #1 Y-O-U
  • New York Finds a New Way to Harass Gun Owners
  • Just a Few Problems I See with AI Portfolios: Part I
  • “I Want to Be a Farmer, a Garbageman, or Tom Brady”

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

A Bulletproof Story Goes Amok

Don’t Ask Me When to Haul Your Boat

40 Cities that Changed the World

You May Be Surprised by America’s “Least Woke City”

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives