Now you know why Obama cut his vacation short . . . to raise spending! And rub our noses in it!
This guy is the biggest jerk ever to sit in the Oval Office, maybe excepting Lyndon Baines Johnson who reportedly pissed on the shoes of a soldier who dutifully stood at attention.
If ever anyone needed evidence that El Presidente couldn't care less about the consequences of federal spending for the fiscal situation, this is it. He's "in your face" about it, on the very eve of the biggest tax increase on the American people in living memory, and Republicans still take this guy seriously.
As reported here:
CBO [The Congressional Budget Office] says the (discretionary) cost of the .5% pay-hike the President is calling for in the Exec Order – relative to a freeze – is about $500m in FY 2013 and $11 billion over the ten years from FY 13 - FY 22. The reason why the FY ’13 savings is only $500 million is because the pay hike as proposed by the President’s Exec Order would not go into effect until April 1st, 2013 - when the current CR [Continuing Resolution] expires. So it only covers half the fiscal year. The annualized cost of the pay hike is about $1 billion/year."
If Republicans had any imagination, they'd shut the damn government down . . . for the next two years, and teach Obama what it's like to run something. Teh.
That would save about $2 trillion of the taxpayers' money as government makes do with current revenues. The sound of the squealing pigs would be worth it.
