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!
Obama Boldly Encourages People to Learn about Financal Principles, Despite the Potential Hazard to His Legacy
Obama would like us all to take April to improve our understanding of money [link]. Bold move, Mr. President, since as soon as people understand basic economics they’ll immediately realize what a horrible president you are.
“I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices,” Obama said in an official proclamation released Friday.
Keep in mind, this administration’s definition of “financial principles and practices” is three-fold: 1) to not create a federal budget in over 3 years even though it’s required by law to do so, 2) to devalue our currency by printing more of it, and 3) take a credit card out in the name of our children from the bank of China. [link]