Saturday, July 23, 2011

Who's Got Skin In The Debt Ceiling Game?

There's a lot of discussion, posturing, blaming, etc. going on with this whole issue on raising the debt ceiling.  Both sides blame the other and are predicting dire things if they way isn't followed.  What I wonder though, is how invested are they?

If an agreement is not reached, how will it affect the President and the Congress?  Will they stop getting paid?  Will they lose any benefits?  Do they have any real skin in the game?

It's a lot easier to be cavalier and idealist about these things when it's other people's money that's at stake.  Perhaps an agreement would come faster if our leaders actually had their paychecks at stake.

Just something to think about.

2 comments:

Kristina said...

I agree. If CEO's are paid based off of the companies success, then maybe we should make similar alignment with the paychecks of Congress and the President.

Jeff said...

Now that is a cool idea!