Friday, April 4, 2014

Pay Congress More?

At first I thought this Congressman was taking too many meds:

Rep. Jim Moran (D-Va.) said in an interview with Roll Call on Thursday that members of Congress are underpaid and can't afford to live "decently" in Washington.

“I think the American people should know that the members of Congress are underpaid,” Moran said. “I understand that it’s widely felt that they underperform, but the fact is that this is the board of directors for the largest economic entity in the world.”

Members of Congress make $174,000 per year currently.

Moran added: “Our pay has been frozen for three years and we’re planning on freezing it a fourth year. … A lot of members can’t even afford to live decently in Washington."

I mean, the nerve of this guy.  He’s helped created the condition where the cost of living in the DC area is so high to begin with.  On top of that, the six figure salary that Congressmen get each year is almost 4 times the national average.

I know if I made 174,000 a year, I’d be sitting pretty, even in the DC area.

And then I recalled this wonderful article from Thomas Sowell:

I don’t make a million dollars a year but I think every member of Congress should be paid at least that much. It’s not because those turkeys in Washington deserve it. It’s because we deserve a lot better people than we have in Congress.

The cost of paying every member of Congress $1 million a year is trivial compared to the vast amounts of taxpayers’ money wasted by cheap politicians doing things to get themselves re-elected. You could pay every Congressman $1 million a year for a century for less than it costs to run the Department of Agriculture for one year.

There is no point complaining about the ineptness, deception or corruption of government while refusing to do anything to change the incentives and constraints which lead to ineptness, deception and corruption.

You are not going to get the most highly skilled or intelligent people in the country, people with real-world experience, while offering them one-tenth or less of what such people can earn in the private sector.

A professor of economics at a leading university earns more than a member of Congress or a justice of the Supreme Court - and a surgeon earns at least twice as much as an economics professor, though still only about a tenth of what a successful corporate executive can make.

How many people in the top layer of their respective professions are going to sacrifice the future of their families - the ability to give their children the best education, the ability to have something to fall back on in case of illness or tragedy, the ability to retire in comfort and with peace of mind - in order to go into politics?

A few people here and there may be willing to make such sacrifices for the good of the country but, by and large, you get what you pay for. What we are getting as cheap politicians are often a disgrace - and enormously costly as reckless spenders of the taxpayers’ money in order to keep themselves getting re-elected.

Whatever the problems faced by the country, the number one priority of elected officials is to get re-elected. Nothing does that better than handing out money from the public treasury. Cheap politicians are expensive politicians, currently costing the taxpayers more than a trillion dollars a year.

If you have trouble visualizing what a trillion is, just remember that a trillion seconds ago, no one on this planet could read or write. A trillion seconds is thousands of years. That’s the kind of money our cheap politicians are spending in order to keep getting re-elected.

Since re-election is the key, term limits are effective only in so far as they get rid of re-election. If the limit is three terms, then two of those three terms will be spent trying to get re-elected - and the third term will be spent trying to get elected to some other office.

What term limits need to do is make it nearly impossible to spend a whole career in politics. One term per office and some period of years outside of politics before running again would be a good principle.

Many people today marvel when looking back at the leaders who created the United States of America. Most of the founders of this country had day jobs for years. They were not career politicians.

George Washington, who took pride in his self-control, lost his temper completely when someone told him that a decision he was going to make could cost him re-election as President. He blew up at the suggestion that he wanted to be President, rather than serving as a duty when he would rather be back home.

Power is such a dangerous thing that ideally it should be wielded by people who don’t want to use power, who would rather be doing something else, but who are willing to serve a certain number of years as a one-time duty, preferably at the end of a career doing something else.

What about all the experience we would lose? Most of that is experience in creating appearances, posturing, rhetoric, and spin - in a word, deception. We need leaders with experience in the real world, not experience in the phony world of politics.

I suppose that is a good explanation as any.  If we paid Congress much, much more, we might see competent, emotionally stable people fill its ranks and see a more sensible system get set up.  Then again, we might just see more opportunists in the mix.

At least it won’t be tied down to a two-party system.  While Prof. Sowell’s ideas do have merit, I think there are many considerations he is failing to observe here, which is often the case when it comes to economics professors.

Still, it isn’t a bad idea on the whole.  So for once, I actually agree with Jim Moran.