Somehow I missed this article from a few days ago, which deserves some serious ‘consideration’. Consideration, not for the discussion of whether or not the President should be given a raise; but for the thought that ‘now’ seems an unusual time to be asking this question. I’m not suggesting the President doesn’t deserve to be well compensated. But, to bring up the idea of a presidential pay-raise NOW…?
The country has 16 Trillion in national debt, a looming sequester, staggering unemployment rates, continued proposals to increase taxes (and take MORE money out of our pockets), ever-increasing gas prices, sky-rocketing health insurance costs…shall I go on? Yes, this is the perfect time to discuss whether or not the President should get a pay raise – NOT!
Maybe it’s just the nasty conservative in me; but I think the President is doing just fine. In fact, better than fine considering the multiple vacations and the ‘quite expensive’ Valentine’s Day dinner. I’m not begrudging him the finer things in life, after all, he is the president. But, I’m not all that keen on the idea of giving him a raise at my (i.e. the taxpayer’s) expense.
Perhaps we should focus attention on getting our bloated government to cut spending? Maybe they could even pass some tax breaks to put some money back in OUR pockets, and stimulate the economy? How about giving the American people a chance to get our heads above water? If the President can do those things – maybe we’ll consider a raise.
For those of you who believe that now is the time to consider a pay raise for the office of the president, here is the original article for your ‘consideration’. I vote to have that raise come out of your pocket instead of mine.
President Barack Obama’s salary pales in comparison to the average CEO. But does the president really need a raise? The historical data says “yes,” but the potential big payoff for newer presidents says “probably not.”
In 2011, the average Fortune 500 company leader made $12 million a year. President Obama has a $400,000 annual salary, gets a $50,000 expense account, and a really cool house to live in. But he has to buy his own food in some cases.
The debate over presidential pay dates back to the Prohibition era, when people were shocked in 1930 when baseball star Babe Ruth was given a salary that paid more than President Herbert Hoover’s.
Ruth legendary response was, “So what? I had a better year than he did.”
President Obama’s compensation is above average compared with other world leaders, including the leaders of China, Russia, the United Kingdom, Mexico, and Germany. Many are not far behind, though, with compensation in the US$200,000 – $300,000 range. And a handful are paid much more; the leader of Singapore gets about US$1.7 million a year.
The U.S. Constitution outlines how the president can get a raise and lets Congress decide on the timing through legislation.
Article II, Section 1 says that “The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be increased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.”
Read More: http://news.yahoo.com