At least there is one industry not looking for a bailout in 2009.
As of January 1, elected Congress Members will receive a $4,700 yearly salary increase. Senior member and House Speaker Nancy Pelosi's increase is roughly $6,100 which brings her salary to $223,500.
These increases, established as automatic yearly cost of living increases, are certainly not out of the ordinary. Congress does reserve the opportunity to block these increases and may vote to do so once they reconvene sessions.
With Congress coming down on the irresponsibility of both Wall Street and the Auto Industry, many people are protesting this particular increase, including Utah Rep. Jim Matheson who has been a vocal opponent of the yearly increase since it began. Every year he donates his entire increase to charity.
Congress has blocked the increase only once before, refusing to accept an increase until the minimum wage was increased as well. Once that was accomplished, the automatic increase was once again accepted.
I personally feel, with our country currently deep in a recession, it only seems right that Congress would block this increase. If not, then they certainly won’t be starting 2009 with much support from their constituents (you and I).
What do you think?



