The Obama administration proposed a two-year pay freeze on Monday for civilian federal employees. The President’s move aims to lower the deficit, which the White House projects to be $1.4 trillion this year. “The hard truth is that getting this deficit under control is going to require broad sacrifice, and that sacrifice must be shared by the employees of the federal government,” President Obama said yesterday.
The proposal, which exempts military personne and must first be approved by Congressl, comes only two days shy of Mr. Obama’s deficit commissions’ deadline to submit extended fiscal and tax policy changes. According to the White House, the move is slated to save $2 billion during the 2011 fiscal year, $28 billion over the next five years, and more than $60 billion over the next 10 years.
But we want to know what you think: Is the Obama Administration’s new proposal putting an unfair burden on federal workers?