President Obama is giving up 5% of his salary as an act of unity with other federal workers who are going to be affected by the sequester. His annual salary is $400,000 so with a 5% deduction that would take $20,000 from him annually. President Obama’s act of compassion is being followed by other White House officials like Defense Secretary Chuck Hagel and Deputy Defense Secretary Ash Carter.
Although the President’s salary can’t be changed officially, Obama has pledged to write a check every month to the U.S. Treasury. Defense Secretary Chuck Hagel earns $199,700 annually and is willing to write a check to the Treasury for up to 14 days of salary, according to reports from Pentagon press secretary George Little. Who else will step to support this cause? We can’t ever say President Obama wasn’t down for the people.
What are your thoughts on the President doing this? Would you have done this?
Filed under: Breaking News