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[quote=Anonymous]Rand Paul has a problem with federal workers being overpaid with tax payer money, but what about executives at Federal contractor companies who are being paid with tax payer money.

[i]Since 1995, the Government has been required by statute to reimburse senior executives under Federal contracts up to the annual compensation for the top executives at large publicly-traded companies. In 2010, this meant that the Government had to reimburse up to nearly $694,000 – more than 2 ½ times the $250,000 the Government paid when the cap was first instituted in 1995. As a result of this rapid growth of private sector executive compensation over the past 15 years, taxpayers are being forced to reimburse contractors at a rate which has outpaced the growth of inflation and the wages of most of America’s working families – as well as the growth of Federal salaries.[/i]

http://www.whitehouse.gov/blog/2012/01/31/ending-overpayment-federal-contractor-executives

http://www.govexec.com/dailyfed/0112/013112cc2.htm?rss=workforce&oref=rss

Seriously, COB says I'm under paid (lawyer), Congress wants to continue to freeze my pay while at the same time Federal contractors can seek reimbursement of $694K for salaries paid to each of their five highest paid employees?  Seriously?  [/quote]

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