By Phil Piemonte
FederalDaily.com
Blog archive
We're getting a bad feeling about this
Ever feel like you're being waterboarded by the federal government?
Certainly the people who work for the U.S. Postal Service must feel that way, faced as they are with a proposal to reduce the size of the USPS workforce by 220,000 employees by 2015.
And now — only days after USPS announced that plan — certainly all feds must be getting a similar sensation creeping up on them in the wake of the recent announcement from the Office of Management and Budget.
We’re referring to the OMB directive instructing agencies to get ready to trim their budgets back by as much as 10 percent in fiscal 2013.
Federal financial officers have been told to turn in agency budgets for fiscal 2013 that are 5 percent lower than the current level. Agencies also have to suggest additional cuts of another 5 percent — or, in the words of OMB Director Jacob Lew: “Your 2013 budget submission should also identify additional discretionary funding reductions that would bring your request to a level that is at least 10 percent below your 2011 enacted discretionary appropriation.”
Yikes. That’s a bunch of cash.
Up to now, the pressure to cut, cut, cut has come from Congress, more specifically, the House. But now that the other house — the White House — has entered the fray, things are going to get even dicier in the federal workplace.
Full story: http://federaldaily.com/blogs/gov-careers/2011/08/were-getting-a-bad-feeling-about-this.aspx?s=FD_230811

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months