No bonuses for raising the debt to 13T

It is funny how you never think these things are possible. Then you find out companies in bankruptcy pay their CEO a bonus for driving them into the toilet. You can justify that as it is a private company and if that is how they operate it will kill them in the end. Did you know it happens in Washington? President Barack Obama has frozen any cash bonuses or similar discretionary pay boosts for political appointees. Having a government job with free healthcare and a pension we thought was enough. Turns out is not as you can get a bonus for spending tax payer money while being accountable to no one. The president called this a prudent example of cost-cutting at a time when many families are just trying to get by financially. This is going to affect at least 2,900 people on the federal payroll, it is good to know that close to 3,000 people earned cash bonuses and discretionary pay boosts. The move will save about $1.9 million a year. President Obama hinted there could be a salary freeze for senior political appointees throughout the government, but needs approval of Congress. The freeze takes effect immediately and lasts through the budget year ending September 2011. This does not apply to all federal workers only those that are political appointees. We do not mind paying for performance but the bottom line is the results on the first 557 days of this administration are poor and there is no way to justify cash bonuses or discretionary pay boosts anytime soon.

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