by Tucker Higgins
Thu, 30 Aug 2018
President Donald Trump said Thursday that civilian employees of the federal government will not receive raises in 2019.
In doing away with the 2.1 percent across-the-board pay increase that was scheduled to take effect in January, Trump said he was working "put our Nation on a fiscally sustainable course."
Scrapping the raises will save more than $25 billion, Trump said.
"I have determined that for 2019, both across the board pay increases and locality pay increases will be set at zero," the president said in a letter addressed to Speaker of the House Paul Ryan, R-WI, and released by the White House. "These alternative pay plan decisions will not materially affect our ability to attract and retain a well qualified Federal workforce."
Congress could still authorize a raise despite Trump's letter. Lawmakers have yet to reach an agreement, and have until the end of the year to do so.
The Trump administration proposed $143.5 billion in cuts to federal employee compensation in May, including substantial decreases in retirement funding. Also that month, Trump signed three executive orders that made it easier to fire civilian employees and put new limits on union activity. A federal judge invalidated many of the provisions in those executive orders on Saturday.
more:
https://www.cnbc.com/2018/08/30/trum...s-in-2019.html
Are American libertarians too pessimistic?
Thread Starter: Occam's Bananahttps://twitter.com/BobMurphyEcon/status/1776346257927074189 Are American Libertarians Unduly Pessimistic? https://odysee.com/@mises:1/are-american-libertarians-unduly:1 {Mises Media | 05 April 2024} Nick Gillespie, editor-at-large for Reason, recently got into a friendly dispute with Bob over whether American libertarians were being too pessimistic. He joins Bob to make the case for...
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