I’ll take it
October 22, 2011
As an old person – “retired and on fixed income” – I’m certainly not going to turn down the “raise” I’ll be receiving from Congress next year. The 3.5 percent “cost of living” adjustment is certainly welcome in these tough economic times.
Whenever a cost of living adjustment occurs, I can’t help but be reminded of the “good old days” that I spent in the former “wonderful world of private enterprise” – that was before government decided to pass restrictive legislation and dictate to companies as to how to run their businesses and how to compensate their management and employees.
Anyway, in my former business experience anything less than a 5 percent “merit increase” was a warning sign to an employee that their performance was barely acceptable. It was often intended to be a subtle indication that improvement would be expected; “in a way, it was sort of an incentive!”
As a good citizen, I want to make it clear that I do feel somehow awkward in accepting this increase; however, the data that was released with this announcement helped to ease my mind. According to Moody’s Analytic chief economist Mark Zandi the overall effect “would give a boost to consumer spending next year amounting to about $25 billion.”
According to the U.S. National Debt Clock, our nation’s debt now stands at $14,892,729,000,000 (rounded off to the nearest billion), so the $25,000,000,000 represents less than two-tenths of 1 percent added to the burden placed upon our children and grandchildren by the wizards in Washington.
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Gloriosky, doesn’t that make us feel good all over? God bless America!