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04-03-2013, 03:18 PM #1
Obama to return 5% of salary because of sequester
President Obama follows the lead of Defense Secretary Chuck Hagel, giving up some salary because the sequester is forcing layoffs
President Obama plans to return 5% of his salary in response to federal workers who are going to be furloughed, an official said Wednesday.
The decision comes a day after a similar move by Defense Secretary Chuck Hagel.
Obama's move is retroactive to March 1, the first day the ongoing $85 billion in budget cuts known as the sequester began to take effect.
The president's base salary is $400,000 a year.
=Side note i am sure this will draw fire and few whacked out comments.!
04-03-2013, 03:33 PM #2
OK I will strike first.Like taking a bucket of sand off the beach."Sell crazy someplace else, we're all stocked up here". Jack Nicholson
The true hypocrite is the one who ceases to perceive his deception, the one who lies with sincerity. ~André Gide
04-03-2013, 04:15 PM #3
While the money won't help the budget number all that much I like the move and think all politicians should be subject to the furlough if other government employees are. I actually think it's a bit discouraging that they even have a choice. It's easy to do when it's not their money they are cutting. If nothing else you'd think all politicians would give up 5% of their pay to help their look when it comes to the next election cycle. For the amount of cash most of them spend on elections, 5%, even if it's their own personal salary, seems to be very cheap positive advertising for their campaigns.Check out my NEW FaceBook Fan page of my abstract painting and graphic design work!!!
04-03-2013, 04:19 PM #4
Brilliant PR move on his part, considering 5% loss in his salary is nothing compared to how much money he actually has.Click banner for tradelist
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