Monday, December 6, 2010

The (Bogus) Federal Payfreeze

This time it's symbolism. (HT AR15.com):



So the President has orders a pay freeze. Sounds good, but when you peel back this onion, it's merely a token. It doesn't address the step or cost of living increases, meaning the budget will be as bloated as ever. More from the American Spectator:

"In his press conference, Obama claimed that the move would save the government $28 billion over five years. Taking that number at face value, that would represent a sixth-tenths of one percent reduction in the projected $4.52 trillion deficit over that same period (2011 through 2015). It would be the equivalent of a person who expects to rack up $10,000 of of credit card debt over the next five years touting the fact that he's found a way to reduce his expenses by $60 over that time period. In football terms, it would be like a kickoff return that gains about a half of a yard."

Not much of a "change", is it??

Background Reading:

American Spectator: The Federal Pay Freeze, In Context

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