Obama Gives Everyone a Pay Raise but You?

Obama Gives Everyone a Pay Raise but You?

It's all over Facebook.

All over the news.

President Barack Obama gave a hefty raise to the Congress, Executive Branch
and Judicial Branch of government.

Cashing In

This took place at the end of 2012 just as the Government was getting ready to
fall off the "fiscal cliff."

The Huffington Post reported last week

President Barack Obama gave a New Year's gift to returning members of Congress, federal workers and Vice President Joe Biden on Thursday signing an executive order calling for an end to a years-long pay freeze.
As of March 27, 2013, federal employees will see a half-percent to one percent pay increase, marking the end of a pay freeze that has been in place since late 2010. Congress hasn't seen a pay raise since 2009.
According to the order, Biden's pay will increase from $225,521 to $231,900 a year, before taxes. House Speaker John Boehner (R-Ohio) will see his salary increased to $224,500 and Senate Majority Leader Harry Reid (D-Nev.) will take home an annual pay of $194,400 after his raise.
While Obama's order made no mention of merit for such a raise, HuffPost's Amanda Terkel reported on Friday that the 112th Congress is set to end the session as the most unproductive since the 1940s, with only 219 bills passed by the body becoming law. The raise won't take place until the 113th Congress, meaning that outgoing members will see no effect from the order.
Obama ordered the raise as he continues to negotiate unsuccessfully with congressional leaders to find a deal in order to avoid the fiscal cliff at the end of the year. If no agreement is met, over $500 billion in planned tax increases and spending cuts will be implemented.

 

So, Obama Gives Everyone a Pay Raise but You?

 I think that stinks. It's certainly a lot easier to spend somebody else's money.

I believe that President Obama is totally out of touch.

This was a hard year on the American people. Hurricane Sandy and so many
other economic situations have left us hurting especially in our pocket books.

Plus we had to endure months of campaigning and watch both parties spend billions of dollars.

Again, I believe Obama is out of touch with "Joe the plumber" or "Chuck the musician."

But The Washington Post just released this tonight.

House votes to freeze congressional, federal worker pay

Posted by Ed O'Keefe on January 1, 2013 at 6:55 pm

The House of Representatives is poised to vote as early as tonight on a bill addressing a series of tax increases and spending cuts taking affect this week. But first lawmakers voted on a plan to freeze the salaries of lawmakers and federal employees.
Despite Democratic objections, the bill passed 287 to 129, with 55 Democrats voting with Republicans to approve the measure.

So, maybe this thing might get reversed.  Let's see what happens. But, my local news says that each tax payer in the US will pay about 2% more in taxes this year.

If you would like to insure your own future economic situation you may want to start your own business as a tax advantage. Of course, always check with your CPA before making major changes to your tax reporting.

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Obama Gives Everyone a Pay Raise but You?  I don't think that's right!