2013 Budget – The Next Chapter

03.23.2012

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Written by Tod Tompkins

This week the House Budget Committee Chairman released the GOP version of the fiscal year 2013 budget proposal. Serving as a direct response to President Obama’s proposed budget released in February, this version claims to save approximately $368 billion over 10 years. According to a Federal News Radio article, this savings would be a result of “extending the federal pay freeze through 2015, increasing federal retirement contributions and cutting the federal workforce by 10 percent.”

The article goes on to say that the “plan would reduce the federal workforce by 10 percent over the next three years through a ‘gradual, sensible attrition policy.’” And that “the budget proposal also would ask federal employees to make a ‘more equitable contribution to their retirement plans.’”

This forum is meant to spur conversation and generate ideas to help the government save money, no matter where allegiances may lie. The article on Federal News Radio focuses primarily on pay freezes and retirement benefits, but does a good job of presenting views from both sides of the aisle and offers a fair and unbiased look at the issues. I really enjoyed reading it and was able to form my own opinions…how about you?

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