Monday, August 30, 2010

Let’s Regulate Barney Frank’s Pay

A great suggestion from David Boaz:

Since Barney Frank entered Congress, federal spending has risen from $590 billion in 1980 to $3.7 trillion this year. The annual deficit has risen from $74 billion to $1.5 trillion. Gross federal debt rose from $909 billion to $13.8 trillion — and to over $15 trillion next year. And all this without a major war or depression during those 30 years.


Maybe we should adjust pay practices for members of Congress to give them an incentive to avoid risky, unaffordable, out-of-control borrowing and spending.

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