February 4th 2009
Wait A Minute On Those Exec Pay Cuts …
D
o I think the CEO of some failing bank that made three crappy acquisitions, fired 10,000 workers and lost a billion dollars deserves a million bucks plus deferred compensation? Do I think Ahmadinejad would make a good babysitter at the local synagogue? Nope and nope.
But before we let the goons and buffoons in the Dem leadership set the rules for private sector pay levels, let’s consider this, from The Hill:
The House Democratic Caucus spent more than $500,000 in taxpayer money over the past five years for its annual retreats at resorts in Pennsylvania and Virginia.
On Thursday, Democrats will head to the Kingsmill Resort and Spa in historic Williamsburg, Va., for the three-day planning powwow. The resort boasts multiple championship golf courses, a full-service spa and six restaurants.
Individual lawmakers pay for most of the expenses related to retreat lodging through their campaign committees, but the Democratic Caucus subsidizes some of the costs for what aides consider “official business” — to the tune of nearly $100,000 each year, according to a Democratic aide involved in retreat planning.
For instance, the caucus picks up the hefty transportation tab, as well as the thousands of dollars in expenses each year for guest speakers, food and entertainment, according to financial disbursement records.
Democratic leadership sources were reluctant to talk about any aspect of the trip …
I bet they were … especially since what’s not paid for by the Dem Caucus is paid for by Joe and Jo Citizen, through their campaign contributions … or Joe & Jo Lobbying, LLC, through their much larger contributions.
But The Hill did corner one Dem spokesgal to address their AIG-like spending:
“This retreat is strategic planning for the country,” said Democratic Caucus spokeswoman Emily Barocas. “The president, vice president and three Cabinet secretaries will be meeting with the caucus to plan the direction we are taking the country in.”
All the more reason to save $100,000 and cancel the thing.
![[Post to Twitter]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-twitter-micro3.png){kind=icon}
![[Post to Yahoo Buzz]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-buzz-micro3.png){kind=icon}
![[Post to Digg]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-digg-micro3.png){kind=icon}
![[Post to StumbleUpon]](http://www.cheatseekingmissiles.com/wp-content/plugins/tweet-this/icons/tt-su-micro3.png){kind=icon}
Posted in Democrats, Economic Policy | 1 Comment » | 
Print This Post
| 
Email This Post
Comments
February 4th, 2009 at 5:11 pm
“This retreat is strategic planning for the country,” said Democratic Caucus spokeswoman Emily Barocas. “The president, vice president and three Cabinet secretaries will be meeting with the caucus to plan the direction we are taking the country in.”
Wait a minute! Isn’t this what they have offices in Washington for?