President announces federal employee pay freeze
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Today, the President announced a freeze on civilian federal employee salaries for two years, 2011 and 2012. This is evidence of the tough choices that have to be made to control our bloated federal spending.
The freeze is expected to save $2 billion over the remainder of FY2011, $28 billion over the next five years, and $60 billion over the next ten years. The freeze will not affect the pay of military personnel, nor will it impact bonuses or step increases for federal employees.
When the President took office, he froze salaries for all senior White House officials and has proposed extending that freeze to other top political appointees.
This is no doubt commendable, but it’s a small part of the spending cuts necessary to put us back on the road to recovery.