It’s no secret that the country is broke, literally, and morally bankrupt, even. According to the Obama Administraton, the federal deficit hit a near record $1.3 trillion this past year, with many sources saying this figure is incorrect, and that the numbers are being grossly underreported. This means that the government had to borrow 37 cents out of every dollar it spent, as tax revenues (on corporations and the rich) continued to lag, while spending on food stamps and unemployment benefits soared. Joblessness remains in the double digits.
Now the President has come up with a money saving and cost cutting solution that is not very progressive at all.
He proposed a two year pay freeze on federal employee wages today. A plan that was originally put forth by Republicans, and reviled by Democrats.
You’d Go Postal Too If You Did The Math