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justinfisch01

Obama puts up 5% of his salary as a sacrfice for furloughed employees

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I am lucky and not effected by the furlough but a few contractor friends of mine are going to be giving up 20% of their salary...This guy is a clown!!!!!

 

Obama will give up portion of his salary

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CNN White House Producer Becky Brittain

Washington (CNN) – President Barack Obama will put 5% of his paycheck back into the federal government's coffers in a show of unity with furloughed federal workers, a senior administration official said Wednesday.

 

Obama, whose $400,000 annual salary is set in law and can't officially be changed, will write a check made out to the U.S. treasury every month beginning in April. Since the mandatory across-the-board spending cuts went into effect March 1, his payment for last month will be paid retroactively.

 

"The president has decided that to share in the sacrifice being made by public servants across the federal government that are affected by the sequester, he will contribute a portion of his salary back to the Treasury," the official said.

 

On Tuesday, Defense Secretary Chuck Hagel announced he was giving up the portion of his salary that would have been cut if he had been subject to the same work furlough as thousands of department personnel under the mandatory federal budget cuts. Hagel, who earns $199,700 annually, will write a check to the Treasury for up to 14 days of salary, according to Pentagon press secretary George Little.

 

As a Cabinet official confirmed by the Senate, Hagel is not subject to the furlough. But Little said Hagel decided to give the equivalent of his furloughed pay to show his support for his workforce. Deputy Defense Secretary Ash Carter had already announced he was doing the same thing in the weeks before Hagel was confirmed.

 

On Monday, White House Press Secretary Jay Carney announced that nearly 500 furlough notices have gone out to administration employees in reaction to the forced government spending cuts known as sequestration.

 

"The White House is one of eleven components of the Executive Office of the President which is indeed, as we have said, subject to the sequester," Carney said. "Within the Executive Office of the President, several offices have sent furlough notices to their staff, including to 480 employees of the Office of Management and Budget."

 

According to estimates released when the budget cuts went into effect on March 1, OMB must cut $7 million from the $89 million remaining in its annual budget. Other departments within the EOP have thus far been successful in reducing spending in ways that have avoided the need for furloughs, Carney said, but "additional furloughs as well as pay cuts remain possibilities for additional White House employees."

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5% huh. Poor guy will livin on ramen now.

 

That's it,I was pondering how he missed all those basketball shots the other day,he's starving.

Lots of sacrificing going on at the WH.

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The Obama's net worth has increased 800% since he's been in office. He's on track to make $100M+ after office. The sacrifices he's making are truly awe inspiring as he works to redistribute wealth.

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I think the whole executive branch should have the same pay cut that all fed employees are taking. Maybe then they will start thinking about working together and start getting our economy fixed. Cuts will hurt but a balanced budget is a start.

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