Salaries at the White House: Compare to Coral Gables

September 23, 2010 Leave a comment

You will find here the information on staff, number of staff, staff positions and 2010 salaries at the White House.  The City of Coral Gables information comes from the 2010-2011 Estimated Budget that can be found on the city’s website, http://www.citybeautiful.net/CGWeb/default.aspx

The total White House salaries paid are $38,796,307 for 469 staff for an average salary of $82,721.  You may be sure that Coral Gables retirement plans are better than the White House staff.

Here are some interesting examples to compare.

White House:  Director of Finance  $66,300; National Security Council Chief of Staff, $93,840; Director of Travel Office, $71,400; Chief of Staff, Office of Legislative Affairs, $114,000; West Wing Receptionist, $42,000; Speechwriter, $60,000; Director of Technology, $71,400, Director of Information Services, $50,000; Director of White House Administration, $100,000; Director of White House Operations, $130,500; Assistant to the President for Management and Administration, $162,900; Director and Press Secretary of the First Lady, $85,680; Chief of Staff of the National Economic Council, $130,500; Policy Director, $179,700 [This is the maximum salary for the President’s close assistants.].

Coral Gables:  City Clerk, $108,093; City Attorney, $197,954; Administrative Assistant to the Mayor, $56,555; Police Chief, $153,917; Assistant Police Chief, $84,220; City Manager, $190,000; Executive Assistant to the City Manager, $77,562; Public Affairs Manager, $74,547; Public Affairs Specialist, $61,618; Chief Compliance Officer, $93,299; Development Services Director, $127,000; Historic Preservation Officer, $94,181; Public Works Director, $126,000, Finance Director, $154,957. [These numbers don’t include about 65% more for pension benefits.]

Filed under Coral Gables, Finance, National

More on the Same Depressing Subject

September 20, 2010 Leave a comment

It is hard to imagine that except for very extraordinary conditions the economic recovery will be hard and long.   Coral Gables will not feel a recovery any more than any other area of the country. Beware City of Coral Gables for further declines in property values.

…the extraordinary length of the recession that…began when the collapse of the subprime mortgage market triggered the most severe financial crisis since 1929.

An official end date for the recession also makes it official that the recovery since 2009 has been unusually weak and jobless. That gives evidence to those who argued that recovery from a recession caused by a financial crisis would be slow and painful as households struggle to pay down their debts.

via FT.com / US / Economy & Fed – Downturn longest since Great Depression.

Filed under Coral Gables, Economy, National

Bush Tax Cuts for the Wealthy: Options

September 12, 2010 Leave a comment

I assume that some (or many) people in Coral Gables would favor continuing the Bush tax cuts for all income groups, given income levels here.  Here is a different approach explained by Brad deLong (who we would call) a liberal economist.

It is necessary to appreciate that a continuation of the tax cut will increase the deficit because the tax cuts were programmed to expire at the end of this year.  The impact of approving new tax cuts would be a deficit increase of $700 billion.  The solution–use the monies from the tax increase for the rich for job promotion (stimulus) programs.

You would get a smart policy for addressing the current short-term jobs deficit and also make a down payment on the long-term budget deficit if you did the following:  Extend the middle-class tax cuts for a few years, let the top-rate cuts expire on schedule at the end of December, and use the revenue gains in the first year or so to pay for effective job-creating stimulus.  The middle-class tax cuts and the stimulus measures both would end once the economic recovery becomes more sure-footed.  The deficit reduction from ending the tax cuts would be permanent.

via Fiscal Policy: Chad Stone Talks Sense – Grasping Reality with Both Hands.

Filed under Economy, National

Industries that Don’t Recover Affect Coral Gables and Florida

September 10, 2010 Leave a comment

There are some messages in this article that are relevant to Coral Gables and South Florida.  Some of the key industries that will not recover in the foreseeable future include: state and local government; construction;  installation, maintenance and repair; newspapers; realtors; bank tellers; airline employees; big telecom; pharmaceuticals; and automotive manufactures.

It has become clear that jobs in some industries may never come back or if they do it will take years or decades for a recovery. 24/7 Wall St. examined the Bureau of Labor Statistics’ “Employment Situation Summary” and a number of sources that show layoffs by company and sector. The weakness in these sectors will make it harder for the private industry, even aided by the government, to bring down total unemployment  from 9.6% and replace the 8.3 million jobs lost during the recession. The losses in these industries have to be offset by growth in others before there can be any net increase in American employment.

via The Ten American Industries Which Will Never Recover – 24/7 Wall St..

Filed under Coral Gables, Economy, Florida, Housing, National

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