You’ve probably heard that the Federal Paymaster has ordered deep cuts to the pay of executives of companies that received bailout money.
As former Senator Gary Hart once said to a group of businesspersons accustomed to tax breaks and subsidies, “if you want the federal government off your back, take your hands out of its pocket.”
And if the federal government wants an increasingly angry electorate off its back, it should take not only its hand, but its foot, nose and pecker out of the pockets of taxpayers. It’s good fun watching a bunch of people who are spending every waking hour trying to figure out how to make all of us dependent upon government for our very lives bitching about people who have their hand in “their pocket” (the contents of that pocket don’t belong to the government in the first place, not that they seem to care).
What’s funny about this “executive pay” story is not that the government is pissed that executives at firms that got bailout money are still raking in millions — a lot of that anger is justified — it’s that the government is trying to somehow paint themselves as victims of theft that’s hilarious. It’s like watching Bonnie and Clyde yell “stop thief!”
Even Lanny Davis would agree that the government’s hand is far deeper in the pockets of taxpayers than the other way around. So does that give taxpayers the authority to control congressional pay? God I hope so, because some of those blowhard snakes wouldn’t even be able to afford Ramen noodles after we were finished with them.
What are the odds that this push to control pay does not stop at companies that took bailout money? Very good indeed.