President Barack “Net Worth $11.8 million” Obama Gives Not Quite $17,000 to “Share in Sacrifice”
In order to “share in the sacrifice” with furloughed workers, President Obama is going to give 5% of his salary back [link].
The voluntary move would be retroactive to March 1 and apply through the rest of the calendar year, the [Obama Administration] official said. The White House came up with the 5 percent figure to approximate the level of automatic spending cuts to non-defense federal agencies that took effect that day.
Over a ten-month period, that’ll work out to $16,666.67.
“The president has decided that to share in the sacrifice being made by public servants across the federal government that are affected by the sequester, he will contribute a portion of his salary back to the Treasury,” the official said.
The President makes $400,000 a year, and has for the last 4 years. In addition to books sales and other income his net worth is approximately $11.8 million [link]. That’s like me sharing in the suffering of the homeless by giving $2 to the guy on the corner before I duck into Ruth’s Chris for a steak.
But nevermind those pesky facts. Look! Solidarity! Pay no attention to the man behind the curtain!