If I were taking Million dollar vacations at the cost of the American People, what is 5% of 400K$! “peanuts!”
WASHINGTON. – U.S. President Barack Obama plans to return 5 percent of his salary, in a gesture of solidarity with the government employees who must take a leave without pay as a result of deep spending cuts that came into effect in March .
The self-imposed cuts would be effective from March 1 , when they began spending cuts, and would last until the end of December , an official said Wednesday.
Obama earns $ 400,000 a year. The source stressed that the president made the decision to reduce his salary by 5 percent, or $ 20,000, a similar level of cuts in government agencies that are not defense.
Discretionary spending across the board contracted as a result of the reductions. To maintain its core functions, many agencies are making workers take leave or leave without pay.
Obama’s gesture comes at a time when the main Defense Department official said return portion of your salary to pay a similar amount to lose their civilian employees.
- Obama will give up portion of his salary (politicalticker.blogs.cnn.com)