This blog will show that financial history is both intrinsically interesting and of crucial importance to many aspects of public policy, ranging from Social Security to construction to macroeconomic stability.
Friday, April 08, 2011
Government Shutdown: Why Should Senators, Reps, and the Prez Still Get Paid?
According to the Washington Post, a growing number of members of Congress will return their pay to the Treasury in the event of a government shutdown. They have to make that pledge because a law mandates that they continue to receive their pay in the event of a shutdown. Why not repeal that law? In fact, why not make members of Congress and the top levels of the executive branch personally liable for any damages caused by the shutdown? America needs statesmanship, not brinkmanship. Think I'll tweet that last bit.
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