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Sunday, January 13, 2008
Robert Bluey :: Townhall.com Columnist
A Pay Raise for Poor Performance
by Robert Bluey
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Members of Congress return to Washington this week $4,100 richer. During their three-week vacation, the annual cost-of-living adjustment kicked in, bringing the salary of a congressman to $169,300.

At a time when partisan bickering has dragged congressional approval ratings to just 25 percent, Democrats and Republican can agree on one thing: a pay raise for poor performance. Any American workers who had such dismal reviews would be fired. But in the case of lawmakers in Washington, it’s business as usual.

Support for the pay raise was among the most bipartisan issues Congress grappled with last year. An attempt to block the automatic cost-of-living adjustment was defeated in June on a 244-to-181 vote; 99 Republicans joined 145 Democrats to back the 2.5 percent raise.

What came as a surprise, however, was that three of the top four House Republican leaders supported the pay hike; only Rep. Thaddeus McCotter, chairman of the House Republican Policy Committee, voted against it. The party that claims to protect taxpayers sent the message that members of Congress were looking out for themselves rather than the men and women they represent.

Supporters of the pay increase argue that it’s a cost-of-living adjustment no different from what other government workers receive each year. They also note that many lawmakers aren’t wealthy and some can’t even afford an apartment in Washington on their six-figure salary.

One member we’re supposed to pity is Rep. Tim Walberg, a freshman Republican from Michigan who sleeps in his office to save money. But based on his vote against the pay raise, it doesn’t appear Walberg minds his living situation much.

“Michigan is in an economic recession and its leaders need to be making sacrifices to bring the Wolverine State back to prosperity,” said Walberg spokesman Matt Lahr. “The congressman has been outspoken about making tax relief permanent and felt it would be inconsistent to vote to increase his own pay.”

With Democrats showing little sign of extending President Bush’s tax cuts, it might be a while before Walberg fulfills his goal of making tax relief permanent. He might be sleeping in his office for years to come. Continued...

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About The Author
Robert B. Bluey is director of the Center for Media & Public Policy at The Heritage Foundation and maintains a blog at RobertBluey.com
 
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Subject: utahnotmormon
"The vast majority of stockholders in major corporations don't even know they're stockholders.

Most stocks are bought and sold as part of mutual funds, pension funds and various types of IRAs and other retirement or educational investments."

Do you think that means that Company Boards aren't beholden to shareholders? Quite the opposite. Your mutual fund manager is compensated by how well he does with your money. If he is holding a few gazillion shares of a company that is not managing affairs well, he will dump them and they WILL feel it in the stock price. Merrill Lynch common did not plummet because you and your neighbors dumped your 50 or 100 shares, but because your fund manager dumped his 50,000-100,000 shares.

Continued...
Will Immediate Recall be the Future of Politics, I doubt so, because they will be the ones voting for or against it. Will the People arise and force a Constitutional Convention to force Recall and Term limits and to Force the Government to Secure our Borders, not likely. So, all this is plain BS and nothing will change. Congress will continue to violate Americans and the GOP will continue to violate it's Conservative Base and the Demonrats will continue their Socialistic Agenda to the complete violation and losses of our Basic Freedoms and Liberties granted the People, and the MSM will continue to blatantly indoctrinate the SHEOPLE, and the end result ... Our Children and Future Grandchildren, etc, will forever remember that Our Generation was the Generation that allowed Communism and Socialism to destroy America and it's Freedom's and Liberties for all Future Generations.
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