2%

[fabijo]

Here's the quote from the section of the bill that congress is voting on in the next week on our pay. It says a 1.5 percent increase in general pay, plus an average .5 percent increase in locality. I still don't know where to find how the locality increase will be distributed. I'm assuming that if it is an average of .5 percent, some people will get less than .5 and others will get more than .5.

7 SEC. 744. (a) The adjustment in rates of basic pay for employees under the statutory pay systems that takes effect in fiscal year 2010 under section 5303 of title 5, United States Code, shall be an increase of 1.5 percent, and the overall average percentage of the adjustments taking effect in such fiscal year under sections 5304-5304a of such title 5 shall be an increase of 0.5 percent (with comparability payments to be determined and allocated among pay localities by the President). Adjustments under the preceding sentence shall also apply to civilian employees in the Department of Homeland Security and in the Department of Defense. All adjustments under this subsection shall be effective as of the first day of the first applicable pay period beginning on or after January 1, 2010.

It's on page 175 of this pdf:

http://docs.house.gov/rules/omni2010/hr3288cr_divc_txt.pdf

Got the link from this page:
http://www.rules.house.gov/bills_details.aspx?NewsID=4520

 

[Boghie]

For those who thought gubmint salaries are always inflation adjusted up!!!

Vermont State Employees Union Votes for 3% Pay Cut

We are in a period of deflation.

And, now that we have shot all our bullets...

We have exasperated the problem by attempting to re-inflate via borrowing. That can be a short term stimulus. But, this is a long term retrenchment. All we accomplished was a short term amelioration of deflation matched with a requirement to pay back $879 Billion in principal plus interest. We should have allowed the FED to manage the money supply. They can call back the helicopters, the government cannot call back the debt other than by paying it. And, soon enough the FED will move to strengthen the dollar – their official reason for being. That will occur in a time of high government debt and high inflation. Conversely, the general public will have reduced their debt and learned to deal with less.

What do you think the general public will demand from the government?