Tuesday, January 26, 2010

Obama to freeze pay of top government officials

http://voices.washingtonpost.com/federal-eye/2010/01/obama_issues_pay_freeze_will_n.html

Do these officials get their bonuses for risk taking like the banks?
Where does the money come from to pay these bonuses?
And last but not least, how many years have we been paying out bonuses before Obama's exemption from the practice?

This is also the second year that Obama has declined to pay bonuses. It's unclear how much a government official would earn from a bonus or who would earn one, but the decision theoretically would affect more than 3,000 officials across the government.