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Obama begins to attack budget deficit: freezes federal workers pay for two years

Monday, November 29th 2010 - 22:27 UTC
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The US president faces a renewed Republican opposition The US president faces a renewed Republican opposition

Amid expectations over President Barack Obama's comments on the Wikileaks scandal, he instead offered a speech to announce a two-year freeze on the pay of federal workers, as he seeks to show he is committed to reining in the ballooning US budget deficit.

The freeze would save 2 billion US dollars in the current 2011 fiscal year, 28 billion over the next five years, and more than 60 billion over 10 years, according to the White House. It would apply only to civilian workers.

The move is part of an effort by Obama to push back against opposition Republicans, who have labeled the president and his Democrats as big spenders while taking aim at his policies such as an 814 billion stimulus package and healthcare reform.

“Just as families and businesses around the nations are tightening their belts in this economy, so must the government,” said White House spokesman Dan Pfeiffer.

Fresh from big victories in congressional elections earlier this month, Republicans have vowed to cut domestic spending and have talked of freezing the pay of government workers.

Republicans have tried to put Obama on the defensive about the budget deficit, which hit 1.3 trillion USD in the fiscal year that ended in September.

Obama, who took office in January last year, has countered that the deficit is a legacy of the policies of President George W. Bush's administration.
 

Categories: Economy, United States.

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  • xbarilox

    “Amid expectations over President Barack Obama's comments on the Wikileaks scandal...” There isn't much to say about it, all is said and done.

    Guantánamo, North Korea, Iran, Afghanistan, Iraq, what a way to spend your money!

    http://news.yahoo.com/s/afp/20101129/pl_afp/nkoreaskoreamilitaryunus
    The day before North Korean attack on South Korean island, Mrs. Clinton said that the U.S. BLAH BLAH BLAH North Korea BLAH BLAH nuclear weapons BLAH BLAH BLAH http://news.yahoo.com/s/afp/20101129/pl_afp/nkoreaskoreamilitaryunus
    Are you planning to do the same as Mr Bush did in Iraq? Can't you do that? North Korea isn't Iraq, right? It's so strange that North Korea attacked South Korea first, for no reason-
    http://news.yahoo.com/s/afp/20101129/pl_afp/nkoreaskoreamilitaryunus
    I believe Pyongyang's statements, and one things is for sure about Kim Jong-il, he is not Saddam Hussein. Obama is following Bush's footsteps and this will make him appear as the tool he really is. A weak man, not the thoughtful hero many people believed he was.

    “George W. Bush labeled North Korea part of an ”axis of evil“ and an ”outpost of tyranny“. So conveninent haha

    “Just as families and businesses around the nations are tightening their belts in this economy, so must the government,” said White House spokesman Dan Pfeiffer.” Tighter Mr. Obama, tighter haha

    Nov 30th, 2010 - 12:04 am 0
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