Pelosi: Congressional pay cut undermines dignity of the job

Quote from zzyzzx : http://thehill.com/homenews/house/283341-pelosi-congressional-pay-cut-undermines-dignity-of-the-job-#ixzz2KyqZlxEQ Pelosi: Congressional pay cut undermines dignity of the job House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that she opposes a cut in congressional pay because it would diminish the dignity of lawmakers' jobs.

The legislators themselves diminish the dignity of the job...

Quote from DJPlayer : you said "who wants their own or.. ". Since chances are you're unhappy with your senator/representative.. will the notion of them getting a pay increase rather than take a pay cut diminish your chance of voting for them? Obviously the answer is yes.

A) I'm not unhappy. B) Senator/reps are not employees of mine (or yours).

Quote : Many corporate CEO will take a pay cut to $1. Why? public opinion of course..

Of course NOT. They take their pay in stock options for the cap gains tax rate.

Remove that loophole and that gimmick will disappear.

I submit that I have seen no evidence that Nancy Pelosi has any dignity to lose.

Quote from 124nic8 : Of course NOT. They take their pay in stock options for the cap gains tax rate. Remove that loophole and that gimmick will disappear.

so they take their "pay" in an option to purchase stock positions at a previously set price? Wouldn't that be like working for a coupon for a certain percentage off gas?

If your set price is say $10 per share.. and the stock drops below $10 a share.. what is the loophole? That would push you into a 15% tax rate on something negative.

I'll tell you about another capital gains designed loophole.

Quote : Individuals can exclude up to $250,000 in profit from the sale of a main home (or $500,000 for a married couple) as long as you have owned the home and lived in the home for a minimum of two years. Those

so a loophole was created from paying capital gains tax if you don't make a large enough profit on it. But, fear not.. If you sell before 2 years do to health, a new job, or unforeseeable circumstance.. there's yet another loophole to get your out of paying capital gains. If you can't pull that loophole off, then you can use the 2 out of 5 year loophole to escape the majority of capital gains taxes.

The rules are not loopholes. Everything is designed a particular way for a reason.

Quote from 124nic8 : They may work for you, but they're not your employees. They don't take orders from you, nor do you pay their full salary. Just like employees of a company in which you own stock are not your employees.

Semantics: I'm not going to argue about them.

Quote from Xygonn : Semantics: I'm not going to argue about them.

Just don't pretend they are the kind of employees I was talking about.

But I've since realized there are a lot of owners of companies who want to see their employees take a pay cut so they can increase the owner's share.

Quote from HEATBaller : Term Limits 8 years you're out no matter what. The amount of corrupution in DC makes the mob seem like amateurs. On a day to day basis the average american running from point A to B, has little time to even fathom the corruption let alone do anything about it. Oh thats right we can vote them out. To people pulling the strings it does not matter who's in office. The vote is useless its like what flavor do you like your corruption Coke or Pepsi ? need I say more.

I agree. Let them keep their pay, but impose term limits.
There's no reason these corrupt bastards should be allowed to hold power for longer than that.

Quote from OhNoItsDEVO : I agree. Let them keep their pay, but impose term limits. There's no reason these corrupt bastards should be allowed to hold power for longer than that.

If we do not eliminate the influence of money, term limits would have a small effect. If we eliminate the influence of money in our election and politics, then corrupt people, be it term limited or not, are more likely to be voted out of the office.I think discussions of term limits distract from the more important problem of influence of money.

Quote from TRNT : If we do not eliminate the influence of money, term limits would have a small effect. If we eliminate the influence of money in our election and politics, then corrupt people, be it term limited or not, are more likely to be voted out of the office.I think discussions of term limits distract from the more important problem of influence of money.

I think the influence of political parties is far more damaging than the influence of money in this day and age. No matter what we do with funding, to be elected you have to have a D or R in your name. Which inevitably means you're representing other interests than those of your constituents.

Quote from TRNT : If we do not eliminate the influence of money, term limits would have a small effect. If we eliminate the influence of money in our election and politics, then corrupt people, be it term limited or not, are more likely to be voted out of the office.I think discussions of term limits distract from the more important problem of influence of money.

Pay with none of the other financial perks.

Quote from OhNoItsDEVO : Pay with none of the other financial perks.

Amen, brother.

Quote from OhNoItsDEVO : Pay with none of the other financial perks.

Too many people still vote for corruption time and again in this country, and it ends up hurting us all.
Term limits would seem to be a fit way of dealing with this issue.

Quote from jamegumb : I think the influence of political parties is far more damaging than the influence of money in this day and age. No matter what we do with funding, to be elected you have to have a D or R in your name. Which inevitably means you're representing other interests than those of your constituents.

But why is party affiliation so crucial? Because of the funding & fundraising opportunities that come with it...

Public - Good lord I'm tired of looking at her/it
Servant - yeah...I doubt she's serving anybody but herself