Cutting pay 'an effort to keep them safe.'12:31 PM, Feb 26, 2014 • By GEOFFREY NORMAN
As Andrew Tilghman at Military Times reports, Secretary of Defense, Chuck Hagel, is telling the troops that, while they may not be getting much in the way of pay raises, they will be better off for it and that:
... the historic reductions in military compensation he proposing is, in part, an effort to keep them safe.
More money for readiness and equipment that will pay off on the battlefield even if it means less for the home front where:
compensation changes — if they become law — would reduce many troops annual compensation by more than $1,000. The pay raise that is less than the annual consumer price index increase will shave several hundred dollars from most paychecks. Reducing BAH [Basic Allowance for Housing] payments by 5 percent will likely shave several hundred more from household cash flows. The rising commissary prices could result in increases of several hundred dollars in annual costs for some military families.
These things, Hagel says, are important but the troops need:
… to keep in mind why they made an initial decision to join the military.
“Why’d you do that?” Hagel asked a group of soldiers. “I doubt it was for the pay and compensation or even the glory,” Hagel told soldiers at Fort Eustis
“You are doing something for your county. You are doing something for other people. It is as noble of a profession as there is in the world.”
1:27 PM, Nov 27, 2013 • By GEOFFREY NORMAN
Everyone could use a nice government subsidy and bailouts aren’t just for broke car companies and derelict banks anymore. Baseball teams need that same kind of taxpayer love. No surprise then, as Mark Segraves of NBC’s channel 4 in Washington reports:
4:26 PM, May 30, 2013 • By JERYL BIER
On Thursday, the White House's administrator for federal procurement policy, Joe Jordan, wrote on the White House blog about a legislative initiative that President Obama is sending to Congress next week "to stop excessive payments to Federal contractors." Jordan continues:
12:37 PM, Dec 31, 2012 • By DANIEL HALPER
A Democratic member of Congress is moving to block President Barack Obama's congressional pay increase. The move, led by John Barrow of Georgia, is to prevent the pay increase that Obama issued through an executive order from going into effect.
12:50 PM, Dec 28, 2012 • By DANIEL HALPER
President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden.
According to disclosure forms, Biden made a cool $225,521 last year. After the pay increase, he'll now make $231,900 per year.
4:16 PM, Nov 26, 2012 • By ADAM J. WHITE
Warren Buffett is by now no stranger to the national debate over federal tax policy. In 2009, he penned a New York Times op-ed calling for "truly major changes in both taxes and outlays." Two years later, he returned to the Times with a widely publicized call for large tax increases on the "super-rich," noting that his own effective federal tax rate (17 percent) was far less than his employees' rates (ranging from 33 to 41 percent). President Obama liked the idea so much, he called for Congress to pass "the Buffett Rule" in his 2012 state of the union address.
12:10 PM, Oct 19, 2012 • By DANIEL HALPER
This morning, as MSNBC's Morning Joe came to an end, co-host Mika Brzezinski had some praise for colleagues and the company she works for. "We've been talking a lot this week about women and equal pay and all these issues," she said. "I have to say, in all seriousness, I'm very lucky to be working with you [co-host Joe Scarborough] and for a company [MSNBC] who has actually dealt with this problem transparently."
Three years after supposedly accomplishing this with Lilly Ledbetter.4:06 PM, May 24, 2012 • By DANIEL HALPER
After the Lilly Ledbetter Act passed in Congress and was signed into law, President Obama and Senate Democrats were self-congratulatory.
4:39 PM, May 23, 2012 • By DANIEL HALPER
Maryland senator Barbara Mikulski just announced that Democrats will be bringing up a pay equity bill after Memorial Day, sometime in June. The thing is, Congress already passed pay equity legislation, and President Obama signed that bill into law--the Lilly Ledbetter Act--in January 2009.
You have nothing to lose...12:00 AM, Apr 21, 2012 • By IRWIN M. STELZER
Good news for those of us who know that only a reformed version of market capitalism can survive current unhappiness with its performance. Citigroup’s shareholders have told their executive employees, and most especially CEO Vikram Pandit, that it is the owners of the business, not their hired hands, who run the show.
9:30 AM, Sep 13, 2011 • By ANDREW G. BIGGS and JASON RICHWINE
Princeton University professor Alan Krueger, recently named by President Obama to be the new chair of the Council of Economic Advisors, is perhaps best known for his claim that raising minimum wage will not reduce employment. But Krueger has had a long, varied career as a labor economist—and a history that should be especially interesting to budget cutters.
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