The president made the pay freeze extension on the federal workforce official this afternoon (12/21/2012) when he issued a presidential memorandum directing heads of agencies to not issue any pay increases until at least March 27, 2013.
President Obama had previously said he wanted to end the pay freeze in 2013 and give federal employees a 0.5% pay raise, but would not do so until Congress passes a budget.
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In the recently convened "lame-duck" session of Congress, senators and representatives will take on a number of issues that could have major consequences for working families and retirees. Congress is considering benefit cuts for Social Security, Medicaid and Medicare and members are looking at cutting taxes for the wealthy even further. Any deal that Congress makes, though, should be based on facts and not the myths that have sprung up around taxes, the deficit and the earned benefit programs. Here are a few of the key myths and the truth behind them.