The Treasury Department and Department of Housing and Urban Development held a high-profile conference this week on the “Future of Mortgage Finance.” The federal government is currently backing more than 90 percent of new mortgages through Fannie Mae, Freddie Mac, and the Federal Housing Administration.
A New York Times article on Alaska’s love/hate relationship with the federal government underscores why weaning the states off their addiction to federal dollars would be difficult. A lot folks in Alaska (and across the country) say they want smaller government, but aren’t as enthusiastic when asked about giving up their own federal goodies.
The release of updated industry data from the Bureau of Economic Analysis, which show that the average federal employee continues to earn significantly more in compensation than the average private sector employee, has Office of Personnel Management Director John Berry on the defensive.
A new Department of Housing and Urban Development’s inspector general report finds that the agency initially required, and then “encouraged,” recipients of HUD stimulus funds to post signs indentifying projects as being funded by the Recovery Act. In other words, HUD pushed recipients to engage in political advertising, and to do it with taxpayer funds.
The White House Office of Management and Budget homepage currently features the following quote from the president:
The Bureau of Economic Analysis latest release of industry compensation levels shows that the average federal worker ranks up at the top along with employees in the finance and energy industries.
The Bureau of Economic Analysis has released its annual data on compensation levels by industry. The data show that the pay advantage enjoyed by federal civilian workers over private-sector workers continues to expand. This state of affairs is a thumb in the eye of the private sector, which continues to struggle with high unemployment. Many private sector employees have been forced to take pay and benefit cuts while continuing to fund generous federal employee compensation with their taxes.