When President Obama announced a freeze on the salaries of federal government employees, he said that Americans should understand that everyone was going to have to make sacrifices. Clearly he wasn’t serious about the “everyone.” The federal employee in the Social Security Administration or the Passport Office is going to see their $60,000 salary frozen (and remember that the income of the middle class has been going down for decades) but the hedge fund manager whose after tax income is $100,000,000 (it’s important to look at the number of zeros) income isn’t going to be frozen. It is a sick joke to talk about “shared sacrificed.”

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