Obama extends fed pay freeze, til spring, or after the election.

[powderman]

Obama extends 2-year federal pay freeze until at least next spring  Published August 22, 2012
Associated Press     

•    FILE: President Obama speaks in the White House briefing room, in Washington, D.C. (AP)

  WASHINGTON –  President Barack Obama told congressional leaders Tuesday that he is extending a two-year pay freeze for federal employees until at least next spring.
The freeze will stay in effect during a short-term deal to fund the government through April. The presidential campaign made it difficult to reach a more long-range agreement before the start of fiscal 2013 on Oct. 1.
Obama, in a letter to the congressional leadership, said that government "must maintain efforts to keep our nation on a sustainable fiscal course." The administration estimates the two-year pay freeze will save more than $60 billion.
Obama has proposed an across-the-board 0.5 percent pay raise, but said the increase should not take effect until Congress passes a budget. The proposal would effectively delay the pay increase for three months.
Congress would have to enact the pay-raise proposal. Congress reached a short-term deal before its August recess to fund the government for six months.
J. David Cox Sr., national president of the American Federation of Government Employees, called Obama's decision to extend the two-year federal pay freeze "absolutely unwarranted and unjustified."
"Federal employees cannot afford another four months or even another day of frozen wages," Cox said.

Read more: http://www.foxnews.com/politics/2012/08/22/obama-extends-2-year-federal-pay-freeze-until-at-least-next-spring/#ixzz24JXoaZ2L

[Graybeard]

Wow he's gonna save tax payers $60 billion after he's given away nearly $2 trillion of our money to folks who helped get him elected. Thanks zero I really don't need a raise on my piddling little retirement. I've been retired for 17 years and in that time I think it has climbed a grand total of maybe 10%. I reckon that surely means the cost of living hasn't risen more than that in that time period.

Strange tho that the price of gold which is a pretty good indicator of what money is really worth has risen by around 2000% in the same time.

I'd bet his and his family has spent more of tax payer money on their vacations than that.

[powderman]

GB. Good post Sir, all true. No raises for 2 years then a 3.4 % raise after inflation was probably 20 % in the same period. Just playing politics for the obamination, trying to buy votes. POWDERMAN. 

[Graybeard]

No such freeze on Congress' raises and they get a larger percentage raise annually than all mine combined since I've retired. Something might be rotten in Denmark but it is for sure rotten in DC.

[powderman]

No such freeze on Congress' raises and they get a larger percentage raise annually than all mine combined since I've retired. Something might be rotten in Denmark but it is for sure rotten in DC.

 
YEP, the freeze is only for the retired and disabled. POWDERMAN. 

[Cuts Crooked]

GB. Good post Sir, all true. No raises for 2 years then a 3.4 % raise after inflation was probably 20 % in the same period. Just playing politics for the obamination, trying to buy votes. POWDERMAN. 

Uh.....the promised raise, after two years, is only .5%..........got that? POINT FIVE percent, and now he wants to put it off even longer..........tell some GS5 federal employee about how much he/she is helping save America from debt!

[powderman]

cuts. Last JAN ss got a 3.4 % raise even though inflation was up 20 + %. YES, I got it. POWDERMAN. 

[Cuts Crooked]

cuts. Last JAN ss got a 3.4 % raise even though inflation was up 20 + %. YES, I got it. POWDERMAN. 

Nice fer you! Unfortunately not so nice for the lowly GS5 government employees.