President Obama Is Taking a Pay Cut

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Photo: Saul Loeb/AFP/Getty Images

In solidarity with the many federal workers who are losing pay because of the sequester (which doesn't affect elected officials), the White House announced today that President Obama will be taking a voluntary 5 percent pay cut. The real news is that most members of Congress — the people (many of them millionaires) directly responsible for the sequester — aren't doing this, too.