Despite Economic Crisis, Congress gets Pay Raise

cashflow Here’s something that makes absolutely no sense whatsoever:

Despite the country’s economic meltdown, Congress is about to receive an automatic $4,700 pay raise on Thursday — a 2.8 percent increase over the current $169,300 salary for most members.

Maybe it’s just me, but I don’t get an automatic pay raise every year, do you?  Shouldn’t something like this be tied to, oh, I don’t know, an approval rating or something?  How come the same (mostly liberal democrats) get all up in arms about executives that get pay increases despite poor business performances, but let something like this slide?

Congress approved the law making its pay raises automatic in 1989, giving legislators an easy way to avoid tough votes that could hurt them during re-election campaigns. Since then, congressional salaries have nearly doubled, from $89,500 to $165,200 a year.

On the bright side, Rep. Jim Matheson has vowed to donate his pay raise to charity, and will be trying to bring this “unconscionable” loop hole to an end…  Good luck, Buddy.  We’ll be rooting for ya…

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1 Comment

Filed under common sense, Economy, Government, Politics, Spending money, Taxes

One response to “Despite Economic Crisis, Congress gets Pay Raise

  1. I must say this is a great article i enjoyed reading it keep the good work 🙂

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