20% pay cut for defense workers
from World Net Daily
Jul 07 2013 7:42 PM
(CNNMONEY.COM) Starting Monday, 650,000 defense employees will be on furlough.
As part of the sequester, or federal spending cuts, that are currently underway, civilian defense workers will be forced to take one unpaid day off each week, leading to a 20% reduction in their pay through Sept. 21.
Some people have made light of the sequester because its effect has gone relatively unnoticed by the public so far. However, the Pentagon is the largest federal employer, with a budget of $680 billion. Even thoughdefense isn’t the first agency to start furloughing workers, it is the largest in terms of the sheer number of workers that will be hit by the $85 billion in federal spending cuts that kicked in on March 1.