The Federal Financial Forum

Editor’s Note: We have appeared before Judge Sullivan; he has disagreed with us more than he has agreed with us. We found him to be a very balanced and thoughtful member of the judiciary. We know of very few issues that can compare with the threat to sitting members of the judiciary. A sound judiciary is the heart of a democracy. That said, we have been making these arguments, as have others, for years and little seems to be happening. Someone needs to take ownership of this issue; we nominate the new and very talented recently appointed Attorney General.

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Scholars have written repeatedly about the contracting out of critical government programs to the private sector. One of the reasons for the huge drain of the most prized talent is salaries. The top pay of  a government contractor is 349,00. The top salary for a member of the Senior Executive Service (SES) is 199,000.

CRE is of the opinion that the compensation of the most senior executives of the contracting community is considerably higher than $349,000 because of the result of partnership status. In any event kudos are due to those championing transparency in contractor salaries, in particular the OMB employees in charge of this matter.

07/19/2021    Advised Big Tech firms of the merits of a Self-Regulated Organization

07/16/2021    Revised Text of this Post

07/10/2021    Notification of public of related publications

• Resurrection of CRE’s Recommendation for Regulating Big Tech
• Wall Street Journal’s Insightful Background on the Biden Executive Order

The top tier law firms have just announced salaries for 1^st year associates.

The salary of a first year associate now exceeds the salary of every career federal regulator in the US government. The citizenry ponder why existing regulations allow billionaires to pay only a token level of taxes; little wonder if the federal government can only attract at its senior most levels only those very few extremely qualified personnel who have a passion for serving the public however great their personal sacrifice, a rare find in  the  predominant “Me Only” generation.

 Conclusions

The third year of law school is whatever a student wants it to be; why not award a Diploma in Administrative Law to those who wish  take a Contemporary Course in Administrative Law based upon a three component curriculum consisting (1) of an in-depth study of the APA, (2) the ACUS policy directives and the (3) the economic papers published by the Society for Benefit-Cost Analysis? (The CRE Archives would augment the ACUS policy directives when addressing centralized regulatory review). We believe the strategy delineated herein is well substantiated by the multiyear research effort described in the post titled  CRE Background Study(2017) but shunned in large part by the legal community. The monopoly powers  granted by state licensing bodies to select professional professions is immense.