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Friday, July 15, 2011

House Minority Leader Nancy Pelosi's wealth grows 62% to $35.2M, Boehner, Reid's worth increases too

Just in case you are wondering who is benefiting from all of the stimulus money, keep an eye on your politicians. You know the ones who are so very concerned with spending your money and helping "the poor". Keep working America, there are a lot of people in the world that Nancy Pelosi wants to help with your money.

The stock market will continue to rise, until it crashes, because everybody knows QE3 is coming. It has to, there is no alternative. QEs cause the stock market to rally, and will also cause the metals to go up.

Here in California, the Comrades in charge are making sure their salaries remain fat, their benefits fatter, and the Hoi Polloi keeps working, and paying more. Get used to that. The Comrades will always look out for themselves first - Cal State San Diego just hired a chancellor at $400+K per year, which is $100K more than the last guy made. The trustees voted to approve this on the same day they announced at tuition increase for students.

Then, consider the growth that has taken place in the CSU system. Comparing 1980 employment levels with current employment levels, we find that there were 11,520 faculty employed in 1980 (faculty are the professors who know stuff and teach it to students) and 14,651 staff - administrative support. In 2010, we have 12,019 faculty smarties and 21,777 administrative types.

Isn't that hilarious?

I think that is hilarious. It is gut-bursting funny when one considers that over this time span, the personal computer went from being a large, cumbersome, oddity in 1980, to a ubiquitous tool purported to bring astounding new efficiency to ... administrative busy work... in present day.

I am sure they will continue to make "the tough choices" necessary to continue enriching their fellow Comrades. That is the way it always is. The old get rich plan for the incompetent and stupid.


PS - Don't worry, you will not be left out... you get to pay their pensions when they retire.

More than 50% of Americans receive more in federal benefits than they pay in taxes. Any time the majority is voting with the minority's checkbook, we'll see the same result…

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