Government Pay Again in Bubbleland

I continue to be amazed at the continuing “bubble” our government leaders live in.  Obama made a big deal on how he was freezing government salaries.  He was saving 5 billion dollars he says?  Hello?  Last I checked you only save money when you cut.  Kind of like going on a Christmas spending spree and saying that you saved money because you bought at sales prices. 

You see in the real world, when you are underwater, you cut costs.  But not in Bubbleland.  I reported in an earlier blog that government salaries are quite out of whack from what private sector is.  As long as there is a vested interest to protect and not to take serious the crippling budget deficit, then no meaningful progress will be made.  How about an across the board cut of 30% starting with your salary?  That is what we have had to do in tough times in our company.