- The Washington Times - Wednesday, March 17, 2010


In January, the difference in pay increase between private-sector employees and government workers was a full percentage point (“Federal bonus bonanza,” Opinion, Friday).

If I were a federal worker, I would not get too comfortable, however. I remember having a conversation in 2005 with the Realtor who sold me my house. Home prices were going up 20 percent per year, and national wages were only going up between 2 percent and 3 percent per year. We both agreed there was going to be a blowout, but we certainly did not expect a modern Depression and collapse of the financial markets.

So 2010 may be 2005 for federal workers. They should enjoy it while they can because the rubber band of financial reality will snap back eventually, and it already is happening around the country in school districts such as Kansas City and municipalities such as Detroit.


Reston, Va.

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