Friday, October 23, 2009

Government pay or private pay?

Being someone who has served in the military, I will tell you, there are aspects that were nice in government pay. I always knew I was going to get a pay check, as long as there were no issues with Congress, and it was always predictable as to when exactly the money would get there. That was nice, but there are many grave concerns that I have when it relates to the private sector. Personally I believe that private pay in the private sector should be determined by those who run or control the company, not by politicians. This is something that is starting concern me, and yet again I refer back to a New York Times Article: http://www.nytimes.com/2009/10/22/business/22pay.html?scp=2&sq=october%2022%202009&st=cse

Even CNN Money is getting into this story:
http://money.cnn.com/2009/10/21/news/companies/feinberg_compensation/index.htm?cnn=yes


This is not something the government should be doing as it relates to the private sector. Personally I do understand the resoning behind this, however it is the fault of the government for wasting the money of the tax payers and giving it to these companies. The economic resources of this country will have straightened itself out, even without the meddling of the government. Yeah some jobs would have been lost, and some companies would have failed. But wait, I think we are there right now. The media has started to cover a little portion of this matter, but it should start covering this matter a whole lot further.

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