Imagine you are working for a company that is going bankrupt, but everyone you work with and your bosses are getting pay raises. Seem absurd?
Not if you work for the failing federal government, because President Obama has decreed that Vice President Biden, members of Congress, and most federal workers are getting raises for 2013.
As the U.S. government is losing its luster on the bond market and as the fiscal cliff looms, President Obama issued an executive order to give everyone raises.
Obama has generously bestowed a $6,379 per year raise on Grampa Joe; he’s given members of the House a $900 increase; and he’s doled out a .5 percent pay increase to federal workers.