As a symbol of its commitment to actually solve the federal budget problem, congress should give itself a 75 percent pay cut, to $43,500 per year. When the federal budget becomes balanced and the defecit is near zero, it can restore its pay.
Why is this important?
The current salary (2013) for rank-and-file members of the House and Senate is $174,000 per year. For all its rhetoric, the US congress has done an exceedingly poor job dealing with the federal defecit and mounting national debt. As a symbol of its commitment to solve these problems, congress should give itself a 75 percent pay cut, to $43,500 per year. When the federal budget becomes balanced and the defecit is near zero, it can restore its pay.
