Happy Holidays, Federal Employees. Hope You Like the Pay Freeze!

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President Obama is proposing a two-year pay freeze for federal employees, excluding military personnel, in order to save $28 billion over the next five years. In case there was any question about where the blame lies, the White House fact sheet opens with "Because of the irresponsibility of the past decade" and goes on to mention that pesky $1.3 trillion debt he inherited. Expect more elbows on the court. [Politico]