Something is seriously wrong with our system. When we have very well paid government officials(the president makes $400,000 a year plus expenses, the governor of WI makes $136,000 yearly.) waiting until they get out of office so they can cash in. As Tommy Thompson so succinctly put it “”Everybody knows I was broke when I left the government five years ago, I’ve made a few shekels, not as many as you guys think I’ve made, but it’s tough to go back, there’s no question about that. But the country’s in trouble right now and I’m looking at that.”
While it was nice of Tommy to consider forgoing Millions of dollars of repayment of favors to come and bail us out. Most people consider $130+K a year with full benefits and expense account to be a pretty good salary.
Then there is this Gem from George W Bush “I’ll give some speeches, just to replenish the ol’ coffers.” With assets that have been estimated as high as nearly $21 million, Mr. Bush added, “I don’t know what my dad gets — it’s more than 50-75” thousand dollars a speech, and “Clinton’s making a lot of money.”
Who knew how hard it was to live off a measly $400k a year with cadillac benefits!
To not blame republicans strictly for this, we know its a bipartisan effort as Bill and Hillary ($186,600/yr salary) just threw a wedding for their only daughter that costs somewhere between $2-5 MILLION dollars. (http://today.msnbc.msn.com/id/38444780/ns/today-today_weddings/)
I am all for rewarding public service and , as someone who ran for office before, think its great that people(regardless of party) devote their time to public service. I do not however think it should be a pass after service to “go directly to GO” and collect MILLIONS of dollars. Makes me wonder what kind of deals were made while in office(Google: Billy Tauzin).
Unfortunately, I do not know how to fix it, but the system is definitely broken!