My Nobel Prize for Economics
by Rich Galen on Townhall.com
How much do Members of the U.S. House and Senate make? Are they suffering as are regular people? Do they feel the pain of tax increases and new regulations?
In reverse order: No. No. And $174,000 per year.
In addition Members of Congress get a tax break on their housing, have health care completely paid for by you and me, and have a pretty good retirement system although the other benefits are so good you can’t get them to retire much before their 113th birthday, on average.
That $174,000 is for the rank-and-file, show-up-for-work four-days-a-week members of the House and Senate. You want to be really aggravated? The Speaker of the House, who happens to be Nancy Pelosi, and who happens to be one of the wealthiest members of Congress, makes $223,500.
And she gets to fly home on an Air Force jet which the rank-and-file, show-up-for-work four-days-a-week members of the House and Senate do not get to do.
I do not mention this because I am particularly angry with Members of the House and Senate – at least not any more than usual. I mention all this because of California.
The California fiscal year ended at midnight last night, June 30. They ain’t got no money.
California – the state which is held in such high regard by the Obama Administration that they just shoved through a global warming bill which is largely based on California standards – is more than in fiscal distress. It is bankrupt. Bust. Broke. Penniless. Insolvent.
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