Cancel 2018. 3
<-- sched 2, MJ sched 1
Citing deficit, Obama freezing federal worker pay
WASHINGTON – President Barack Obama announced a pay freeze for 2 million federal employees Monday and warned the American public that the move is the first of many difficult decisions that must be made to slash the nation's mounting deficits.
"The hard truth is that getting this deficit under control is going to require some broad sacrifice, and that sacrifice must be shared by the employees of the federal government," Obama said.
The two-year freeze would apply to all civilian federal employees, including those working at the Department of Defense, but would not affect military personnel. The freeze, which requires congressional approval, is expected to save more than $5 billion in savings over two years, $28 billion over five years and more than $60 billion over 10 years, White House officials said.
http://news.yahoo.com/s/ap/20101129/ap_on_bi_ge/us_obama_pay_freeze
a good start...
its interesting how he can spend trillions, but then tries to come off as fiscally conservative
WASHINGTON – President Barack Obama announced a pay freeze for 2 million federal employees Monday and warned the American public that the move is the first of many difficult decisions that must be made to slash the nation's mounting deficits.
"The hard truth is that getting this deficit under control is going to require some broad sacrifice, and that sacrifice must be shared by the employees of the federal government," Obama said.
The two-year freeze would apply to all civilian federal employees, including those working at the Department of Defense, but would not affect military personnel. The freeze, which requires congressional approval, is expected to save more than $5 billion in savings over two years, $28 billion over five years and more than $60 billion over 10 years, White House officials said.
http://news.yahoo.com/s/ap/20101129/ap_on_bi_ge/us_obama_pay_freeze
a good start...
its interesting how he can spend trillions, but then tries to come off as fiscally conservative