Does Obama Really Want To Cut Execs' Pay?Oct 22, 2009
On the one hand, the Wall Street executives who are going to have their salaries cut from millions of dollars a year to no more than $200k should be happy. After all, Barack Obama promised no tax increases for those earning less than $250,000 a year, right? Sure! On the other hand, the president may want to reconsider. With tax revenue dropping like an offed mafioso's car a river, he may need that revenue. Better idea, Mr. President: Instead of cutting their pay 90 percent, let them keep them million-dollar salaries — then tax it at 90 percent. After all, you have to fund health care, right? Plus, the stimulus and free college education and end global warming and green jobs and . . . .
But before you do, Mr. President, would you please find out if it's constitutional for the federal government to fire and set salaries of people in private business? If it is, then watch out students on federal loans. Next, you'll be told where you can go to college and what classes to take.