Monday, July 18, 2011

Is the US President overpaid?

The average pay of a CEO in the US is $11 million a year with base salary and other compensation (such as bonuses and stock options, etc.) Keeping this in mind, think about what a CEO has to do: meetings, travel, planning for the future of the company he/she works for, etc.  It's just like a presidency, except people don't generally care about what the CEO of some company has to say.  

Out of 44 presidents, 4 have been assassinated while still in office.  In other words: 1 out of every 11 presidents dies.  There have been 20 known attempted assassinations on US Presidents, bringing the risk of losing your life in the position to nearly half.  On any given day, about half  (usually more) of the people in the country has something negative to say about the way the country is run, and it usually ends up being the president's fault for whatever happens; he is the face of the Federal Government.  

Just like the CEO, the president travels, has meetings, press conferences, and helps plan for the future of our country.  Granted, I do not know any of the supplements to the president's pay, base salary for the US president is only $400,000 a year.  compared to the average $1,093,989 (2011 base salary average) of S&P 500 companies, it's not even half.  

So, with all this information in mind when I read the following:

"Salary of the US President. ..$400,000 Salary of retired US Presidents ...$180,000 Salary of House/Senate...$174,000 Salary of Speaker of the House.. .$223,500 Salary of Majority/Minority Leaders... $193,400 Average Salary of Soldier DEPLOYED IN COMBAT $38,000 I think we found where the cuts should be made! If you agree... repost" 

as a status that is meant to become viral as some sort of protest to how much the President and other "highly-paid" government elected officials make compared to a Soldier, and how they should cut their salary, I tend to disagree.  I do, agree that our soldiers are underpaid, but I do NOT think that the salaries of those in charge are what is causing our debt problem in this country.  Excess spending on unnecessary items country-wide, and unwise choices on the types of products our government chooses to purchase for its personnel are more of a problem in my eyes.  (For example: my brother was partially in charge of reorders on batteries for his cutter in the USCG, and he told me that they would replace the batteries in every flashlight on the boat every month, whether it was used or not.) 

I think before people start screaming for pay cuts for the President and Congress, etc, they should look at where the rest of the  money goes.  The US debt increases at a rate of $50,000 every 2 seconds. I think we've got bigger problems than paying our president $400,000 a year.  

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Sources: 

https://www.opm.gov/oca/compmemo/2008/2008-01-attach1.pdf   Salaries of government personnel. 2008.


http://www.usdebtclock.org/  US Debt clock. 18 July 2011.

http://en.wikipedia.org/wiki/List_of_United_States_presidential_assassination_attempts_and_plots  List of Presidential Assassination Attempts and Successes. 5 July 2011.

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