Worried about your job?
Just got your performance review, and after getting an excellent rating your boss told you the business simply doesn’t have money to give you a raise?
Concerned about tight credit for your business?
Looking at the plummeting stock market and how it affects your retirement plan?
Losing sleep over the increased government destruction of the free-market system?
Well, don’t worry, be happy! Your democratically elected representatives can meddle more into the economy because they won’t be troubling their little heads over their pay: With economy in shambles, Congress gets a raise
A crumbling economy, more than 2 million constituents who have lost their jobs this year, and congressional demands of CEOs to work for free did not convince lawmakers to freeze their own pay.
Instead, they will get a $4,700 pay increase, amounting to an additional $2.5 million that taxpayers will spend on congressional salaries, and watchdog groups are not happy about it.
At least ONE congressman tried to do the right thing,
Rep. Harry Mitchell, a first-term Democrat from Arizona, sponsored legislation earlier this year that would have prevented the automatic pay adjustments from kicking in for members next year. But the bill, which attracted 34 cosponsors, failed to make it out of committee.
“They don’t even go through the front door. They have it set up so that it’s wired so that you actually have to undo the pay raise rather than vote for a pay raise,” Ellis said.
Nancy will have plenty of funds to keep herself in Armani:
Currently the average lawmaker makes $169,300 a year, with leadership making slightly more. House Speaker Nancy Pelosi (D-Calif.) makes $217,400, while the minority and majority leaders in the House and Senate make $188,100.
Thank you Congress. This is just what the economy needed…not.