Treasury’s Geithner to Grads: Work for the Government
Via CNS News
Sure, why wouldn’t you want to work for the government? According to the Bureau of Economic Analysis, federal workers in 2009 made an average of $123,049 in salary and benefits, which is more than twice the average of $61,051 that workers made in the private sector.
Treasury Secretary Timothy Geithner said that his advice to young professionals would be that they take time away from their careers to work for the federal government. Speaking to a gathering of mutual fund advisors in Washington, D.C., on Wednesday, Geithner was asked what his advice would be to young professionals entering the work force.
He said, “I guess what I’d say is learn about the world; make sure you try to understand the basics of economics and finance because it’s critical to everything; and at some point come try to work for your country for some time.”
“[T]he economic challenges we face as a country depend a lot on getting a better understanding of economics and finance so you can get better policy outcomes from your government,” he said.
“And that depends on getting politicians willing to make tougher choices but also people in these jobs who are talented and willing to come and give part of their life – you don’t need to spend your entire life doing it – but it’s good for the country to try and attract people to do this and I hope you do that,” said Geithner.
Great advice coming from a man who failed to pay more than $34,000 in federal taxes over several years. And a man who, under his leadership at the New York Federal Reserve Bank, presided over a systemic effort in the fall of 2008 to suppress public disclosure of ailing insurer AIG’s backdoor bailout payments to banks. Yes, a man with no integrity giving us advice on how to “get better policy outcomes from your government”. Wonder if he’ll be teaching a class on corruption next?