Barney Wants One More Step Towards Socialism

[ylexot (Premo)]

Beyond AIG: A bill to let Big Government set your salary
www.washingtonexaminer.com >> Politics

But now, in a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.

On our way to socialism...
Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet?

[huntr1]

Originally Posted by ylexot

Beyond AIG: A bill to let Big Government set your salary
www.washingtonexaminer.com >> Politics

On our way to socialism...
Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet? Are we there yet?

They've been doing this for years to Federal Employees. We went from GS payscale to "paybanding". When we signed on, it was under a specific pay agreement. Now it's being changed without our agreement.

[ylexot (Premo)]

Originally Posted by huntr1

They've been doing this for years to Federal Employees. We went from GS payscale to "paybanding". When we signed on, it was under a specific pay agreement. Now it's being changed without our agreement.

Yeah, federal employees tend to have their pay set by the federal government. BFD. What we're talking about here are people working for private companies. Little bit of a difference.