Wow! 5%

There was a story in the news today, President Obama is going to return 5% of his salary to the Treasury.  Big deal!  The President is all about "taxing the rich" and "everyone paying their fair share", but let's look at this magnanimous offer.

In 2009 the President made $5.5 million.  He also lives in public housing costing him very little, is driven around in a limo supplied by the tax payers, flies in an Air Force jet, has no utilities, little food costs and still finds enough money to take a lot of vacations.  In 2010, the President made almost $2 million.  The president's salary is $400,000.  Or just 7% of his total 2009 income.  So he wants to send back 5% of 7%,or $20,000,  hope that doesn't affect his abilities to pay greens fees.

Will $20,000 do anything for the federal employees furloughed due to sequestration?  Will $20,000 do anything to get White House tours back?  Will $20,000 make a dent in the $16 Trillion debt?  The answer is NO. 

Have you ever played the lottery?  The one thing about playing is that before the numbers are drawn, you can fantasize about what you would do with all that money.  In today's world, $20,000 is not even worth the fantasy.  This angers primarily because it is the President and his party that has demonized wealth.  They talk tax hikes for the rich, and spawned the Occupy movement that uses bullhorns to denounce the 1%.  His policies have kept our economy at near recession for 5 years now.  This is the longest period of slow growth since Jimmy Carter's years in the late 1970s.  I have even heard a push for a higher minimum wage, of course that only helps if you are employed.



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I find it galling that the President can make a simple 5% donation to the Treasury, while almost 14% of African-Americans are unemployed, and close to 20% of all Americans are under employed or unemployed.  Keep the 5% Mr. President, but earn it.  Stay home for a couple months to work on our economy.  Work on a realistic budget that stays with in our means as a nation. 

I find it amazing that this President, who has spent over 20% of this year on vacation, to offer a 5% rebate.  This is closing in on the last straw.  I wonder how much longer the people will support this President.  Lack of support will lead to Democrat defeats next year, and a lame duck President moving forward.

The time has come President Obama, man up!  Send it all back!  I once worked for a public corporation, the CEO in 2008 vowed to not take his salary until the company returned to profitability,  can our President find it in his large heart to do the same?

Spend Well!