Obama to Give 5% of Salary Back
President Obama plans to return 5 percent of his salary to the Treasury in solidarity with federal workers who are going to be furloughed as part of the budget cutting process known as sequester, an administration official said Wednesday.
The voluntary move would be retroactive to March 1 and apply through the rest of the calendar year, the official said. The White House came up with the 5 percent figure to approximate the level of automatic spending cuts to non-defense federal agencies that took effect that day.
Sounds like a very nice gesture doesn’t it? How did Obama come up with the 5% figure you ask?
Congress and most of Obama’s Administration will recieve a 5% pay increase starting April 1st, 2013. So in reality, Obama is just not getting a raise. He is just giving back the 5% increase that he was going to recieve, but he looks like a hero for doing nothing. The “Deciever in Chief” is at it again!