Posted on 10/27/2009 1:10:01 PM PDT by Hoodat
Lawmakers who have demanded cuts to compensation packages on Wall Street should take a pay cut themselves, one Republican lawmaker demanded Tuesday.
Freshman Rep. Bill Posey (R-Fla.) suggested that members of Congress who enabled bailouts and allowed top financial executives' salaries to rise uncontrollably should volunteer to have their own salaries cut.
"I think we need to set the pace, and, by example, we need to cut the salary for Congress for the people who allowed this thing to happen and even pushed this thing to happen," Posey said during an interview on a conservative radio syndicate.
Posey made the remarks in reaction to the Obama administration's "pay czar," Kenneth Feinberg, having slashed salaries and compensation packages for top executives at companies on government support by as much as 90 percent.
"I just fail to see that there's any real formula for making these determinations -- that they're not just arbitrary and capricious," Posey said of Feinberg's determinations.
(Excerpt) Read more at thehill.com ...
Rather see something ELSE cut from those Bast***s
Don’t hold your breath. Kinda like expecting these critters to obey the law like regular folks.
Sounds fair to me.
LOL!
Of course this won’t go anywhere, but I like the thought.
I’d love to see any congress critters who vote for the health care rape of American taxpayers have their pay cut in half until after the deficit is paid off. Put their money where their vote is! Down the toilet!
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