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   Ever Imagine you are working for a company that is going bankrupt, but   
   everyone you work with and your bosses are getting pay raises. Seem   
   absurd? Not if you work for the failing federal government, because   
   President Obama has decreed that Vice President Biden, members of   
   Congress, and most federal workers are getting raises for 2013. Where   
   does the insanity stop?  ..b&c   
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   As the U.S. government is losing its luster on the bond market and as   
   the fiscal cliff looms, President Obama issued an executive order to   
   give everyone raises.   
      
   Obama has generously bestowed a $6,379 per year raise on Grampa Joe;   
   he's given members of the House a $900 increase; and he's doled out a .   
   5 percent pay increase to federal workers.   
      
   Jeryl Bier does the math on the raises federal workers will get.   
      
       RATES OF BASIC PAY FOR THE EXECUTIVE SCHEDULE 2012   
       Level I . . . . . . . . . . . . . . . . . . . . . . . . . .   
   $199,700   
       Level II . . . . . . . . . . . . . . . . . . . . . . . . . .   
   179,700   
       Level III. . . . . . . . . . . . . . . . . . . . . . . . . .   
   165,300   
       Level IV . . . . . . . . . . . . . . . . . . . . . . . . . .   
   155,500   
       Level V . . . . . . . . . . . . . . . . . . . . . . . . . . .   
   145,700   
      
       Here are the rates in the just-signed Executive Order:   
      
       RATES OF BASIC PAY FOR THE EXECUTIVE SCHEDULE 2013   
       Level I . . . . . . . . . . . . . . . . . . . . . . . . . .   
   $200,700   
       Level II . . . . . . . . . . . . . . . . . . . . . . . . . .   
   180,600   
       Level III. . . . . . . . . . . . . . . . . . . . . . . . . .   
   166,100   
       Level IV . . . . . . . . . . . . . . . . . . . . . . . . . .   
   156,300   
       Level V . . . . . . . . . . . . . . . . . . . . . . . . . . .   
   146,400   
      
   The pay raises will take effect on March 27, 2013.   
      
   As the President and the House seek to rearrange the deck chairs on   
   this Titanic ship of state, Obama has decided it is a good idea to   
   throw more coal into the furnaces. It's full steam ahead and damn the   
   financial torpedoes.   
      
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