I don't agree with all its points, but what I do agree with are:
1. Federal employees are overpaid compared with private-sector workers.
... The government does not have a pay system flexible enough to recruit the best talent and pay in accordance with the market.

2. The federal workforce is bigger than ever.

Not including the U.S. Postal Service, the federal government employs 2.1 million people. The workforce is now slightly smaller than it was in 1967, at the height of Lyndon Johnson's Great Society, and today there are 100 million more Americans to serve.

Even during the Reagan administration, when small government was a political mantra, there were still between 2.1 and 2.2 million federal workers. In fact, there was an increase of about 95,000 federal employees between 1981 and 1989.

In the 1990s, Bill Clinton reduced the workforce by nearly 350,000 to 1.8 million. Under George W. Bush, the federal workforce grew predominantly because of post-9/11 homeland security demands and the wars in Iraq and Afghanistan. Today, two out of three federal civilian employees work for the Departments of Defense, Homeland Security, Veterans Affairs or Justice. The vast majority of government hiring since 2003 has been in these four departments.
4. Most federal workers are paper-pushing clerks.

The vast majority of federal workers hold white-collar professional, administrative and technical jobs, and aren't just college dropouts archiving triplicates of your tax return. Approximately 20 percent of federal workers have a master's degree, professional degree or doctorate, vs. 13 percent in the private sector. Fifty-one percent of federal employees have at least a college degree, compared with 35 percent in the private sector.
5. Pay or hiring freezes would help slash the federal budget.
How much will the government save by cutting 10 percent of the federal workforce -- about 200,000 employees -- as recommended by the president's deficit commission? If the work of federal employees is simply contracted to the private sector, the savings could be minimal or the move could even cost us more. If government employees are not replaced and their salaries are returned to the Treasury, the government would save at most $20 billion annually, or roughly 0.5 percent of total budget outlays.

Bottom line: We cannot come close to balancing the budget simply by cutting federal staffers or their salaries.

Some tongue-in-cheek and common sense implications:
1. cut DoD, Homeland Security, Justice and VA payroll and number of employees.
2. hire fewer college graduates to justify paying them less. Who care if NIH scientists don't have a college degree?
3. Let private contractors bid on current governmental functions--if they can't achieve the same with less, they're not worth it.
4. Government employees should be paid less to discourage them from staying on. They should all be encouraged to take up jobs in the private sector, like ex-members of Congress
5. Shrink the population by 100 million