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Obama's Paycheck Will be Exempt from Sequester

cottontail Wrote: Feb 26, 2013 7:57 AM
Out here in fly-over country, the prices I can charge are still what they were in 2006. My take home pay went down by 2% on January 1 because of the Social Security rate returning to normal, and I'm supposed to CARE about these fools in DC? Give me a break!
Dramamama Wrote: Feb 26, 2013 8:32 AM
And because of the slugs who are faking ailments to get on SS and welfare rising, you can bet you bottom that YOU AND I will never see a dime of SS when we retire!
Smitty41inPB Wrote: Feb 26, 2013 8:06 AM
I don't get the SS arguement. Why do ppl talk about how their pay went down, but wasn't much discussion when it went up by 2%, additionally, compound that 2% for 30-40 years and realize how much less you will get in retirement, not to mention if your have a mortagage from home purchase recently (again for 15-30 yrs) there is a 1% surcharge because they needed a funding mechanism to make the original "temporary" 2% cut

So although thousands of federal employees may be furloughed after the sequester takes place, don’t fear, President Obama won’t see a pay cut. The Budget Control Act, which was signed into law by Obama in 2011, will take affect on March 1st. The President will be exempt from the effects of the sequestration, which he has threatened will be devastating.

A report published last month by the Congressional Research Service--“Budget Sequestration and Selected Program Exemptions and Special Rules"--identifies certain programs that are exempt from sequestration and lays out special rules that govern the sequestration of others.

Section 255 of...