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Members of US Congress Get Richer Despite Sour Economy
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Members of US Congress Get Richer Despite Sour Economy

  #1 (permalink)
Quick Summary
Members of US Congress Get Richer Despite Sour Economy

Despite a devastating recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to study released Wednesday by the Center for Responsive Politics.

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How about pay structure for congress like a pay structure for most Americans -- based on job performance.

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They do have a payscale based on performance. Unfortunately it isn't based on how well they do their job as a congressperson but how well they perform for the special interest groups.

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Big Mike View Post
How about pay structure for congress like a pay structure for most Americans -- based on job performance.

Define "performance". Performance metrics should be based on agreed-upon organizational values. Our country is so divided and fractured it's very hard for everyone to agree on what should be regarded as success.

Bank execs were rewarded for the huge profits they were making selling paper with uncovered risks, then when it all crashed they still got to keep it. How do you prevent that? A "bonus at maturity" would be fair, but waiting for 30yrs to get your bonus on that mortgage-backed security you sold 30 years ago doesn't sound very appealing.

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MWinfrey View Post
They do have a payscale based on performance. Unfortunately it isn't based on how well they do their job as a congressperson but how well they perform for the special interest groups.


No doubt, what's really sad is if we charged them $174,000 a year to be in congress instead of paid them, they would still do it.

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vegasfoster View Post
No doubt, what's really sad is if we charged them $174,000 a year to be in congress instead of paid them, they would still do it.

yep i bet they would.

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Big Mike View Post
How about pay structure for congress like a pay structure for most Americans -- based on job performance.

Mike

You mean a pay structure similar as for bank employees? If they do well, they will get more money. If they don't they won't and the taxpayer or the Asian bondholders will pay the bill.

This an incentive to focus on window dressing until they have received their bonusses. It will create a "policy bubble" similar to other Ponzi schemes.

What about paying them for their performance ten years after?

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It could be tied to the national debt, GDP, unemployment rates, a number of things that -- in general -- if are doing well, then congress is probably doing a good job.

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Big Mike View Post
It could be tied to the national debt, GDP, unemployment rates, a number of things that -- in general -- if are doing well, then congress is probably doing a good job.

Mike

The subconscient is revealing. I would create a score from saved species, public health and education as well.

By the way, I would like to suggest a new poll that I am interested in. What is the average weight of a trader? Could you put this up both in US and metric measures as one of your polls?

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Yes for sure, education and many other factors. The point is, it should be based on performance, where good performance is something that most Americans could agree on.

Recently the majority of Americans said they would like to see unemployment benefits extended. I think it was 80% said this (of the sample, naturally). Yet Congress voted against it. I am not sure I agree with the majority, but the point is --- if Congress is by the people, for the people, why are they not representing the people?

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