Showing posts with label Pay Freeze. Show all posts
Showing posts with label Pay Freeze. Show all posts

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