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Consequences for Grownups
Posted by Abigail Lewis on May 21, 2009 - 10:17pm.
This week voters in California said no to multiple proposals intended to close our astronomical budget gap, but on one subject they were totally in agreement: legislators should not get pay raises when the state has a budget deficit. My only question is, why is this not obvious? Is it even worth putting ink on the ballot (OK, fine, it's digital in most districts) to ask the question?

This reminds me of the response of Wall Street to questions about multimillion dollar bonuses to executives who had essentially driven their companies off a cliff. The constant refrain was that the corporations would "lost talent" if the disappointed execs didn't get these bonuses. My response? Great! Don't let the door slam you in the butt on your way out.

I've been a business owner and I know that the first thing that needs to happen when a company is losing money is that the people running the show have to take responsibility and cut their own paychecks. So I'd vote no in a heartbeat to increases for any politicians who aren't doing a good job, and doing a good job means keeping the taxpayers out of debt. There ought to be some kind of system of accountability, maybe even on a case by case basis. For example, if a senator voted to spend billions of dollars on no-bid contracts, taxpayers shouldn't have to pay his salary in addition to paying for his mistakes. If a president's bad decisions cost us billions and billions, we shouldn't be paying him a pension.

State government should work the same way. In fact, I recommend a pay cut for Gov. Schwarzenegger. He should be grateful we're not insisting he personally repay the car tax he cut, thereby costing the state $3.6 billion a year. When our leaders start to feel the consequences of their inattention or pandering or bad decisions in their own bank accounts, we might start to see more accountability.



<em>OwenU</em>'s picture
Thanks for sharing this
by OwenU on May 26, 2009 - 2:02am
Thanks for sharing this post! A lot of people had experienced the same situation as yours. A sudden fall of profit in one’s business is hard to accept but in time, you’ll find ways to solve and recover all the losses. This is the consequence that grown up businesses experience especially now that we are experiencing economic meltdown. Finding an alternative job may help you solve this. Some people think that finding a job is hard these days due to the sudden changes in our economic situation. But others would find other ways to earn a living. Cleaning a house for example can help you earn a little cash. Cleaning houses on the side might make a nice little bit of casual income. However, you have to be reasonable, and make sure the rate you charge is competitive and fair. It could keep you from needing short term loans for a while, if you do a good enough job. Advertising your services is a good idea, and since there are several services you can advertise through on the cheap or free, such as Craigslist or local want ads, there's definitely opportunity to be had. A small payday loan to start a small side business cleaning houses could be well spent.

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