Job cuts are nothing new in the private sector. Every year, companies slash their workforce, and it’s a regular part of business. But when government employees face layoffs, the whole country seems to lose its mind. Why is that?
I’m not here to cheer for anyone losing their job, but when we focus all our energy on government layoffs, we’re missing the bigger picture. Government jobs have long been seen as “safe.” It’s this notion that has been ingrained in American culture for decades. But as times change, it’s clear that the system we’ve built doesn’t make sense anymore. Why not treat government offices like private corporations?
Let’s face it, 80% of federal employees could be let go without most Americans noticing. It’s a bloated bureaucracy, running on taxpayer dollars with little to show for it. If anything, it exists to sustain itself, and it’s hungry—always asking for more. Meanwhile, 12 million Americans lost their jobs in 2024, yet we’re still stuck focusing on these government layoffs. Where were the protests for the private sector?
Meanwhile, Biden has expanded the government, and the result has been less productivity. We’re adding more workers to the federal payroll while America’s debt spirals to $36 trillion, a figure so mind-boggling that it’s almost impossible to wrap your head around. Cut the waste. It’s the only way out of this mess.
But here’s the kicker—almost 160,000 federal employees are now millionaires. That’s right, millionaires, working for the government. Up from under 70,000 just a couple of years ago. How? Long-term investments like buying homes in the D.C. area and making smart moves with the Thrift Savings Plan. But how is it that government workers are thriving while the rest of America is struggling to keep up? This isn’t just about taxes—it’s about how we’re spending our money.
And then there’s the government’s financial state. The U.S. government’s balance sheet holds a staggering $45.5 trillion in liabilities, with only $5.7 trillion in assets. So, where’s the $39.8 trillion gap coming from? If the U.S. were a public company, investors would run for the hills. Typically, a debt-to-asset ratio of about 0.3x to 0.6x is acceptable. But the U.S.? We’re at 6x—$36.2 trillion in debt and counting.
This is where the real problem lies. It’s not just about layoffs. It’s not just about expanding government. It’s about a system that’s running on fumes, consuming more than it can afford while taxpayers foot the bill.
Sources:
https://www.fedsmith.com/2024/11/26/tsp-millionaires-soaring-bull-market/
https://www.fedweek.com/fedweek/tsp-millionaire-count-grows-by-nearly-40000-year-to-date/
https://x.com/catturd2/status/1893620028626346236