Wednesday, April 21, 2010

Cut in congressional salaries?

At a time when polls show Congress' standing at near-record lows, a group of retirees today is endorsing a move to cut lawmakers' pay.

. . . Kirkpatrick's bill would reduce congressional salaries by $8,700, from $174,000 a year to $165,300. In terms of buying power, that would still leave lawmakers ahead of what they were making in 1990. That year's House salary of $96,600 is equal to $160,850 in today's dollars, according to the Labor Department's consumer price index.

If this ever happens, you know they'll find a way to get around it with expense accounts and non cash benefits.

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