Presidents: They’re Just Like Us! Obama Taking a 5% Pay Cut

In an act of solidarity with the thousands of federal workers who have been furloughed or had their pay slashed, Barack Obama has voluntarily accepted a 5% pay cut. He currently makes $400,000 a year; he’ll be paying the U.S. Treasury $20,000 in installments. Don’t feel too bad: The president’s net worth has been estimated to be anywhere from $2.8 to $11.8 million, due mostly to investments (socialist!) and book royalties. [Washington Post]