Green Energy
From the Weekly Standard:
- Are We Headed For A Constitutional Crisis?
Obama threatens vetoes of bills requiring him to follow the lawPresident Obama is threatening to veto a law that would allow Congress to sue him in federal courts for arbitrarily changing or refusing to enforce federal laws because...
- The Free-est Economy In The Americas
OOPS! The Heritage Society is very upset, but I have news for them. NO ONE NOTICED OR CARES 2012 Index of Economic FreedomTop 10 Countries1 Hong Kong 89.9 2 Singapore ...
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Fox: Administration again urges contractors not to warn of layoffs, despite defense cuts The Obama administration has doubled down on its plea to defense contractors not to warn employees about possible layoffs due to looming budget cuts -- going...
- Salary Control: You Knew It Was Coming
Michelle Malkin: Salary control: You knew it was coming By Michelle Malkin • March 31, 2009 10:42 AM This is not a surprise. Grabby Hands Barney Frank has been signaling his salary control plans for weeks. In early February, you’ll recall, he told...
- Well That's Because They Are 5 Year Old Children Who Have Never Read The Founding Document
Zeal for battle over bonuses waning in Washington From the White House through the halls of Congress, Washington is losing its zeal for an all-out fight over hefty executive bonuses, now that it wants the financial companies it blames for...
Green Energy
White House: Federal Contractor Executive Pay Higher Than Obama’s Salary Is “Excessive”
Obama Contemplates The Little People
From the Weekly Standard:
On Thursday, the White House’s administrator for federal procurement policy, Joe Jordan, wrote on the White House blog about a legislative initiative that President Obama is sending to Congress next week “to stop excessive payments to Federal contractors.” Jordan continues:
“The proposal builds on previous Administration proposals and language included in the President’s Budget, and marks another important step in our ongoing effort to buy smarter and end wasteful, fiscally imprudent contract spending.
Under current law, contractors that are paid based on their incurred costs (which represents about one-third of current contract spending) may demand reimbursement for executive salaries, bonuses and other compensation up to the level of the Nation’s top private sector CEOs and other senior executives. This taxpayer reimbursement level has skyrocketed by more than 300 percent since the law was enacted in the mid-1990s.”
The president believes excessive compensation for executives is unnecessarily driving up costs for the government. What is excessive? Apparently, anything more than the president himself makes [emphasis added]:
“The Administration’s proposal calls on Congress to abolish the current formula and instead tie the reimbursement cap to the President’s salary and apply it across-the-board to all defense and civilian cost-reimbursement contracts. Tying the cap to the President’s salary provides a reasonable level of compensation for high value Federal contractors while ensuring taxpayers are not saddled with paying excessive compensation costs. “
- Are We Headed For A Constitutional Crisis?
Obama threatens vetoes of bills requiring him to follow the lawPresident Obama is threatening to veto a law that would allow Congress to sue him in federal courts for arbitrarily changing or refusing to enforce federal laws because...
- The Free-est Economy In The Americas
OOPS! The Heritage Society is very upset, but I have news for them. NO ONE NOTICED OR CARES 2012 Index of Economic FreedomTop 10 Countries1 Hong Kong 89.9 2 Singapore ...
-
Fox: Administration again urges contractors not to warn of layoffs, despite defense cuts The Obama administration has doubled down on its plea to defense contractors not to warn employees about possible layoffs due to looming budget cuts -- going...
- Salary Control: You Knew It Was Coming
Michelle Malkin: Salary control: You knew it was coming By Michelle Malkin • March 31, 2009 10:42 AM This is not a surprise. Grabby Hands Barney Frank has been signaling his salary control plans for weeks. In early February, you’ll recall, he told...
- Well That's Because They Are 5 Year Old Children Who Have Never Read The Founding Document
Zeal for battle over bonuses waning in Washington From the White House through the halls of Congress, Washington is losing its zeal for an all-out fight over hefty executive bonuses, now that it wants the financial companies it blames for...