Barack Obama Wants to Freeze Pay for Federal Workers for the Next Two Years
In what will surely generate an outcry among federal civilian workers, Obama-haters, and people who live to dissent around the nation, President Obama has proposed a wage freeze for certain federal employees for the next two years. According to the White House, this move (which requires congressional approval) would apply to civilian federal employees but not military personnel -- nor "government contractors, postal workers, members of Congress, Congressional staffers, or federal court judges and workers."
The freeze would "save $2 billion for the remainder of FY 2011, $28 billion over the next five years, and more than $60 billion over the next 10 years," says the White House.
Also, it "was a decision that was not made lightly." If approved, it would go into effect in January.
Current projected U.S. deficit: $1.3 trillion. Who's up for some online shopping?