MILLINOCKET, Maine, January 2, 2013 - Congress and President Obama have stapled together a paper parachute and jumped hesitantly off the fiscal cliff. Lets hope there’s no fiscal downdraft to slam it into the rocks at the base of the cliff.
The deal basically holds everything off for two months. At that point, the sequester dragon will raise its head again, and in all of Congress, there are few dragonslayers. Right now nobody gets much from the deal, but working folks will find less money in their paychecks this year.
Which brings us to the second point. President Obama decided to end the pay freeze on federal employees last month, giving a pay hike to all congressional members, federal judges, and even “Smilin’ Joe” Biden.
Don’t believe me? Belive Robert Longley, About.com:
By an executive order issued December 27, 2012, President Obama later this spring will end thepay freeze for federal workers he first imposed in 2010. Also due to get raises under the order will be Vice President Joe Biden and the 535 members of the U.S. Congress.
Effective on their first paychecks after March 27, 2013, federal employees will see raises of from 0.5% to 1.0%, depending on the geographic location of their jobs. A February 2012 poll showed that the overall job satisfaction and dedication of the federal workforce had fallen to its lowest point since 2003, due largely to frustration with the three year pay freeze.
The most significant raise will go to Vice President Biden. The salary of the vice president will increase by 2.38%, from $225,521 per last year to $231,900 after the raise.
In Congress, the salaries of rank-and-file members of both the House and Senate will see the same 0.5% increase as civilian federal employees, with their annual salaries increasing by about $75 per month, from $174,000 to $174,900.
Odd timing, to say the least.
If Congress worked for Warren Buffett would he give raises to a bunch of goof-offs who won’t do their jobs? They won’t balance the budget, even while receiving more royalty-class perks than most executives on the planet.
Or maybe Mr. Buffett would consider it his patriotic duty to reward the slackers.
And finally, since so many celebrities are in support of stricter gun legislation (“Demand a Plan” etc.), why shouldn’t a large portion of profits from movies depicting gun violence go to victims of gun crimes?
That might help ameliorate the hypocrisy.
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