Obama Orders Pay Raise for Biden, Members of Congress, Federal Workers

The CBO told us that the President’s pay raise for federal workers will cost $11 billion over ten years...
obama-orders-pay-raise-for-biden-congress-courts-2012
The CBO told us that the President’s pay raise for federal workers will cost $11 billion over ten years

 

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. Members of Congress, from the House and Senate, also will receive a little bump, as their annual salary will go from $174,000 to 174,900. Leadership in Congress, including the speaker of the House, will likewise get an increase.

Here’s the list of new wages, as attached to President Obama’s executive order:

obama-orders-pay-raise-for-biden-congress-courts-2012

The CBO told us that the President’s pay raise for federal workers will cost $11 billion over ten years

UPDATE: According to a senior Republican congressional aide who has reviewed the executive order and consulted with the Congressional Budget Office, Obama’s pay raise will cost $11 billion. “The CBO told us that the President’s pay raise for federal workers will cost $11 billion over ten years,” says the aide.

The aide explains, “On the cost-estimate, CBO 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 expires. So it only covers half the fiscal year. The annualized cost of the pay hike is about $1 billion/year.” source – Weekly Standard

 

NTEB is run by end times author and editor-in-chief Geoffrey Grider. Geoffrey runs a successful web design company, and is a full-time minister of the gospel of the Lord Jesus Christ. In addition to running NOW THE END BEGINS, he has a dynamic street preaching outreach and tract ministry team in Saint Augustine, FL.
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