The Federal Financial Forum

The birth of a legal doctrine often begins when an academician associated with the legal academy has an idea on how to improve the administrative state and publishes it in a journal; a colleague reads it and elaborates on its content. With the passage of time other academicians might endorse the concept.

In the meantime, the doctrine is fertilized by teaching it in law schools, the birthplace of judges who then occasionally endorse it in one of their subsequent legal proceedings which often establish a national precedent. Absent from participation in this endeavor is any consistent proactive procedural input from neither the Executive nor the Legislative Branches of government.

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 $ 204,000

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.