Believe me, I am very aware of that. I was actually joking about Metatron being a GS12. It's also a running joke around my office, since I am the low man on the pole in an office full of GS11s or above. I've only been on this job about 8 months, so I guess I had good timing. I worked as a government contractor for a few years until the contract got cut way back. Immediately before my current job, I was working for a small computer repair and consulting firm. A couple of months after taking the gov't job, I talked to a former co-worker at the firm, and he told me they had laid off some people in an already small business. (Around 15 or so employees) Again, good timing I suppose.
Ironically, this is the second time I have been in a government job during an economic downturn. After the dotcom bust in 2001, I was working helpdesk for a university, and rode that out at that job.
And salary isn't that bad. It is one good aspect of living in a low cost-of-living state. In more expensive areas, GS pay may not be that great, but around here, it is pretty good. The house I am renting would go for 2-3 times my rent in a place like San Fran.
And if one does leave a civil service job and does find a private industry job that pays twice as much, these days that means that they will simply make you work twice as many hours so you have money, but no free time.
I think all gainfully employed work is honorable, as long as you are not breaking the law, and there are always trade offs for the brass ring. There is only one person I know in the Valley who made out well in dot.com and he was an arbitrage expert. He bought out companies and sold off the parts like a scavenger. Real venture capitalists knew it was going to fail and secured great assets from the hard work of others. Yes, it was mostly legal, barely, or not if even one t is not crossed or one i dotted.