The House Financial Services Committee, headed by chairman Barney Frank, just passed a bill (all committee Democrats voted for it and all but 2 committee Republicans voted against it) permitting it to proceed to the House for a vote to make it law. The “Pay for Performance Act of 2009″ would enable the Treasury Department, headed by Secretary Timothy Geithner, to set the salary of EVERY employee working for ANY company that receives a capitalist investment from the U.S. government, INCLUDING the ability to supercede existing contracts and compensation/salary agreements as the Treasury department “sees fit”. Look’s like Barney Frank and his liberal buddies are well on their way to making every one of us a ward of the “state”.
See the entire Washington Examiner story here…
http://www.washingtonexaminer.com/politics/Beyond-AIG-A-Bill-to-let-Big-Government-Set-Your-Salary-42158597.html
