Expert Perspective from Grahall’s OmniMedia Editorial Board
The holiday season brings out the best in many people. Traditionally, this is a time of giving and sharing. But for Federal workers, they will unfortunately experience a different kind of sharing – the hardship felt by many Americans who are un- and under-employed. Late last month, President Obama proposed a two-year wage freeze for some 2 million federal workers. As Charles Riley wrote in his November 29, 2010 article for Money (Obama calls for federal wage freeze: President Obama’s proposal Monday to freeze federal worker pay would save $60 billion over 10 years): ”The freeze… [is] an important step to help generate taxpayer support at a time when policymakers will need to make numerous difficult decisions about curbing the debt, one fiscal expert said.”
However, this proposal, impacting some 2 million workers, is just a drop in the bucket toward solving the debt crisis in America, achieving “… less than 1% of what’s ultimately needed.” So why bother?
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