This from the Washington Post on the impact on federal employees following the Debt Ceiling Deal:
“The second step of the plan would be the creation of a special House-Senate committee tasked with finding up to $1.5 trillion in savings. The regular congressional committees that oversee such programs could make recommendations, by Oct. 14, but would not be required to do so.
The measure does not specify potential targets, but the special committee could examine the numerous ideas for reducing federal benefits that have been in circulation for months. Those have included extending the general pay freeze beyond 2012, increasing the employee contribution to retirement plans, cutting federal employment through partial hiring freezes, reducing retirement benefits for new retirees by changing the way those benefits are calculated, and making cost-of-living adjustments less generous for all retirees.”
Now here’a a question. We all know of the pending student debt bubble. So why no cuts in federal tuition loans?
lol. They gave a huge increase to the pell grant program this year I hear.
Federal agencies issue bonus pay for executives who cut costs and personnel and thereby save their agencies money. Just remember, some officials somewhere will get a big bonus for cutting all these federal jobs or closing so many post offices.