Amid Deficit Fears, Obama Freezes Pay
By PETER BAKER and JACKIE CALMES
NYT
WASHINGTON — President Obama on Monday announced a two-year pay freeze for civilian federal workers as he sought to address concerns over high annual deficits and appealed to Republicans to find a common approach to restoring the nation’s economic and fiscal health.
“The hard truth is that getting this deficit under control is going to require some broad sacrifice, and that sacrifice must be shared by employees of the federal government,” Mr. Obama told reporters. He called federal workers “patriots who love their country” but added, “I’m asking civil servants to do what they’ve always done” for the nation.
The pay freeze amounted to an opening bid as the president and Republican Congressional leaders begin jousting in earnest over tax and spending policy. It also illustrated how Mr. Obama can use his office on occasion to get ahead of newly elected Republicans; they had been talking about making such a move when they assume control of the House and additional Senate seats in January.
But while the move represents a gesture toward public anger over the anemic economic recovery and rising national debt, the $5 billion to be saved over two years will barely dent a deficit that has exceeded $1 trillion for the past two years. And even those savings would be swamped by the multitrillion-dollar costs of the bigger issue dividing Mr. Obama and the Republicans — what parts of the Bush-era tax cuts to extend beyond their Dec. 31 expiration, and for how long.
(More here.)
NYT
WASHINGTON — President Obama on Monday announced a two-year pay freeze for civilian federal workers as he sought to address concerns over high annual deficits and appealed to Republicans to find a common approach to restoring the nation’s economic and fiscal health.
“The hard truth is that getting this deficit under control is going to require some broad sacrifice, and that sacrifice must be shared by employees of the federal government,” Mr. Obama told reporters. He called federal workers “patriots who love their country” but added, “I’m asking civil servants to do what they’ve always done” for the nation.
The pay freeze amounted to an opening bid as the president and Republican Congressional leaders begin jousting in earnest over tax and spending policy. It also illustrated how Mr. Obama can use his office on occasion to get ahead of newly elected Republicans; they had been talking about making such a move when they assume control of the House and additional Senate seats in January.
But while the move represents a gesture toward public anger over the anemic economic recovery and rising national debt, the $5 billion to be saved over two years will barely dent a deficit that has exceeded $1 trillion for the past two years. And even those savings would be swamped by the multitrillion-dollar costs of the bigger issue dividing Mr. Obama and the Republicans — what parts of the Bush-era tax cuts to extend beyond their Dec. 31 expiration, and for how long.
(More here.)
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1 Comments:
I guess it's part of the plan to bankrupt the US, causing chaos, preparing people to accept a Fascist takeover.
Unlikely? A look at history shows how previous fascist's have taken power.
It's not difficult to see the agenda.
If you are already struggling to pay your debts, you don't keep expanding the spending budgets with such reckless abandon. Unless it's part of an overall strategy.
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