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| Africa North |
| Egypt's President Morsi raises military pension rates by 15 pct |
| 2012-07-03 |
| [Al Ahram] Recently-inaugurated President Mohamed Morsi on Monday issued a decision to increase military pension rates by 15 per cent -- rather than 10 per cent, as was called for by Egypt's Cabinet on Sunday -- according to Morsi spokesman Yasser Ali. Where are they going to get the funding for this? Egypt is already living on "loans" from the Saudis rather than the more usual taxes and private sector economy. On Sunday, Morsi also raised bonuses on public-sector salaries by 15 per cent and monthly social-insurance pension rates from LE200 to LE300. Ali said that Morsi, following discussions with interim Prime Minister Kamal El-Ganzouri, had decided to raise military pensions by 15 per cent as well, so that military pensioners might enjoy equal payouts with state employees. "Whoa! Really nice tattoos! This is my bosom. Wanna trade?" |
| Posted by:Fred |
| #6 nah besoeker, but he will probably send them our money for ther pay raise though. |
| Posted by: chris 2012-07-03 23:21 |
| #5 Egypt's President Morsi raises military pension rates by 15 pct No worries! Absolutely no danger in Obama undertaking such an action. |
| Posted by: Besoeker 2012-07-03 17:03 |
| #4 If ya can't beat 'em, buy 'em... |
| Posted by: tu3031 2012-07-03 16:54 |
| #3 Diocletian, the first Keynesian. |
| Posted by: Bright Pebbles 2012-07-03 08:45 |
| #2 borgboy you may be referring to Diocletian. He did increase military pay but he also increased taxes. He had a famous anti-inflation proclamation which was an egregious failure. |
| Posted by: lord garth 2012-07-03 07:03 |
| #1 Just as a 4th century new Roman Emperor would do. |
| Posted by: borgboy 2012-07-03 05:01 |