An alternative would be to cut every single dollar amount in or from DC by 5%.
I fine notion but that pesky common law convention about the inviolability of valid contracts renders it no more than a pipe dream. Like it or not, employment contracts are enforceable by employees. You can’t disregard them by fiat. Probably the best you can hope for is a pay freeze and benefit adjustment that gradually moves federal government pay to some reasonable level.
Oh. You mean like when GM went bankrupt?