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Hagel Taking Pay Cut

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Defense Secretary Chuck Hagel – following a path blazed by his deputy, Ash Carter – will kick back up to 14 days’ pay to the U.S. Treasury to replicate the pecuniary pain sequestration will inflict on fellow Pentagon civilians. “He will voluntarily subject part of his salary to furlough levels even though he’s not required,” Pentagon spokesman George Little said Tuesday.

Under the Budget Control Act of 2011, the Pentagon has to slice about $40 billion from its budget by the end of the fiscal year Sept. 30. Part of the trimming will be in the form of unpaid furloughs for most of the Defense Department’s 800,000 civilians, now set at up to 14 days each, sprinkled throughout the rest of the fiscal year.

Hagel makes $199,700 annually, one-fifth of what he earned last year. He was worth between $3 million and $6 million when he filed financial disclosure statements with the Senate before his confirmation hearing in January. Hagel became a multi-millionaire after co-founding Vanguard Cellular in the 1980s, between his gigs as a U.S. Army sergeant in Vietnam and defense secretary.

5 comments
paulejb
paulejb like.author.displayName 1 Like

Obama's new minimum wage would be perfect for the totally inexperienced Hagel.

destor23
destor23

Easy sacrifice when you don't need the money.

JimStarowicz
JimStarowicz like.author.displayName 1 Like

No word from chickenhawk cruz, who loves spitting on us Vietnam Veterans after he made no attempt to join in these past decade years and serve with our younger brothers and sisters of these two wars and now ages out at 42plus, office yet!!


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