FY-Eye: Should Obama Get a Raise?
The Eye's Web browsing just took him to an interesting piece by veteran CBS Radio News White House reporter Mark Knoller, who wonders aloud whether President Obama -- as the federal government's CEO -- deserves a raise. He considers the issue following publication of a New York Times survey of executive compensation.
"No one runs for the White House for the pay. But the president of the United States is a CEO in his own right. He’s got 300 million shareholders and an alternately compliant and irascible Congress that views itself as the Board of Directors. If the U.S. government were a private corporation, it would make AIG look well-managed and would have gone bankrupt years ago. Check the profit and loss statement. Barack Obama presides over an operation with a $4 trillion budget but just $2.1-trillion in revenue."
He even whipped up a mock proxy statement on Boss Obama, parts of which appear below:
Salary: $400,000 a year, plus expenses.
Room and board: 132-room mansion on 18 acres of prime, highly-maintained and protected real estate in the heart of the nation’s capital. Includes: exercise room, outdoor pool and spa, dual-lane bowling alley, movie theater, putting green, tennis and basketball courts.
Other Perks: The finest fleet of executive aircraft in the world; operated and maintained by the U.S. Air Force including Boeing 747s, 757s and Gulfstream IIIs. In addition, a squadron of 19 U.S. Marine Corps helicopters available around the clock. Also, a fleet of heavily-armored limousines and other vehicles plus a small army of the best-trained bodyguards in the world.
Household Staff: About 90 residential staffers, including butlers, valets, housekeepers, a florist, five chefs and a chief usher who’s a retired U.S. Coast Guard Rear Admiral.
United States Government
Employees: 1.9 million civilian employees; 1.4-million active-duty military.
Budget: $4.0 trillion
Revenue: $2.1 trillion
Deficit: $1.84 trillion (CBO)
So does Obama -- the boss of millions of federal workers -- deserve a raise? Read Mark Knoller's item and leave your thoughts there or in the comments section below.
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