Urbin Report

Thursday, May 26, 2005

Well, it works in the corporate world...

In large corporations, it's all to common for senior executives to grant themselves large bonuses for saving their company money by laying large amounts of workers off.
According to today's Washington Times Inside Politics column, the democrat controlled California state Legislature took a page from their book and voted themselves a 12% pay raise, making them the highest paid state legislators in the country ($110,880 per year). This is in spite of forecasts that the state's next budget would have a shortfall of at least $5 billion.
As Governor Schwarzenegger points out, the money should have been spent on "education, health care, healthy families, the poor people, the blind people..." and that the legislators decided they need the money first."