Government Pay Lock-up Obama’s Next Thing In Reducing Debt

Within the mind of Obama, a federal pay freeze is probably the most fiscally responsible next step toward taming the federal deficit. It is projected that this move will save the United States of America $28 billion within 5 years and $60 billion over the next decade. This would impact all civilian government employees, but active military could be excluded.
Is a federal pay lock-up too much of a sacrifice
Jeffrey Zients, the deputy director of the Obama administration’s Office of Management and Budget, touted the federal pay lock-up plan – which must nevertheless be approved by Congress – as a major belt-tightening. Things the administration things the government needs to do in order to get financial ground again for the Unites States was commented on by Zients. “It is a very first of several difficult steps ahead,” he stated.
Spending cuts and federal career cuts
As the govt is working to try and cut the deficit, “fiscal responsibility” appears to be the words on everyone’s mind. Over 250,000 non-military contractor positions and 200,000 government jobs could be eliminated within the next decade with the unpopular plan that previous Sen. Alan Simpson (R-Wy.) and previous White House Chief of Staff Erskine Bowles’ came up with. It appears like things for instance moratorium on earmarks were what Obama would rather have as every little thing else seemed like excessively.
The reason why to not use a federal pay freeze
Obama’s government pay lock-up is really just a symbolic gesture being done, according to WA D.C., insiders. There would no longer be any talented employees as government workers. That is what the pay lock-up would do. The country might really need this symbolic gesture though. That is what some suggest. It’s the proverbial olive branch extended across the political aisle.
Working for the government pays big
A lot more government employees are making excessively. Over $150,000 a year is much more common within the government now, reports USA Today. There was a tenfold growth in the just the past five years. Since President Obama took office, it has doubled. However, much of the recent swell has included doctors at veteran’s hospitals. Considering the United States is mired in two ongoing wars, the workload has increased.
Info from
Huffington Post
huffingtonpost.com/2010/11/29/federal-pay-freeze-obama_n_789141.html

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