[lbo-talk] that realist/mainstream O Admin II...

Alan Rudy alan.rudy at gmail.com
Mon Nov 29 09:54:11 PST 2010


Obama to Freeze Pay for Most Federal WorkersPresident Obama plans to announce a two-year pay freeze for civilian federal workers on Monday in his latest move intended to demonstrate concern over sky-high deficit spending.

...snip...

The pay freeze will save $2 billion in the current fiscal year that ends in September 2011, $28 billion over five years and more than $60 billion over 10 years, officials said. That represents just a tiny dent in a $1.3 trillion annual deficit, but it offers a symbolic gesture toward public anger over unemployment, the anemic economic recovery and rising national debt.

http://www.nytimes.com/2010/11/30/us/politics/30freeze.html



More information about the lbo-talk mailing list