I'm no economist, but it sounds like Dr. Paul has (and has had for a long time) the right ideas. I really hope he gets to put them into operation. I do agree he may lose the SS recipient's vote due to this plan. There is no way around it, though: Weaning people off the government teat is going to be difficult. The question is not if we will do it or if we need to, the question is when we will do it, and it is not going to get easier.
The lowering of the Presidential salary is symbolic, as noted: When the President makes $400,000/yr, that's $1.6M over a four-year term. When they're spending millions (plural) both from their campaign contributions and from their personal bank accounts, they are not seeking the job for the income, not to mention the cutting of $1.5M from the federal budget is less than a drop in the bucket. It does do much to tell the average citizen, "Hey, this guy doesn't think he's any better than me!", and that may be a big step toward removing the "us vs. them" paradigm. I would LOVE to see all of our federal officeholders make similar cuts to their salaries.
To be clear, I don't have a problem with someone doing a job and accepting whatever he can get for doing it, but I do have a problem with it when they vote it for themselves, from everyone else's money, and the people footing the bill don't have any say in the matter.
I'll be watching this.
Blessings,
Bill
The lowering of the Presidential salary is symbolic, as noted: When the President makes $400,000/yr, that's $1.6M over a four-year term. When they're spending millions (plural) both from their campaign contributions and from their personal bank accounts, they are not seeking the job for the income, not to mention the cutting of $1.5M from the federal budget is less than a drop in the bucket. It does do much to tell the average citizen, "Hey, this guy doesn't think he's any better than me!", and that may be a big step toward removing the "us vs. them" paradigm. I would LOVE to see all of our federal officeholders make similar cuts to their salaries.
To be clear, I don't have a problem with someone doing a job and accepting whatever he can get for doing it, but I do have a problem with it when they vote it for themselves, from everyone else's money, and the people footing the bill don't have any say in the matter.
I'll be watching this.
Blessings,
Bill