With reports out that federal workers receive twice as much in compensation as their private-sector counterparts and a runaway deficit dogging his fellow Democrats, Barack Obama had an opportunity to score some points by reducing excess expenditures in the federal government. He announced an austerity program to do just that, but Business Insider isn’t impressed. Did Obama cut compensation across the board? No. Did he at least cancel bonuses throughout the executive branch? Nuh-uh. How about a pay freeze for political appointees? Er … [...] Read the rest »
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