January 26, 2013
WELL, NOT DOING YOUR JOB IS SUPPOSED TO HURT: Senators not in ‘millionaires’ club’ would be hurt by lost paychecks.
The Senate is often called the “millionaires’ club,” but some of its members would feel the pain if a blown budget deadline costs them their paychecks.
Provisions in the “No Budget, No Pay” debt ceiling bill that is headed to the Senate floor would impound senators’ salaries if the upper chamber doesn’t approve a budget by April 15.
For most of the upper chamber, the loss of the $174,000 annual salary would be no hardship. Many senators are millionaires many times over, having earned substantial fortunes outside of politics.
But for a small group of senators whose net worth is measured in thousands instead of millions, the passage of “No Budget, No Pay” would put their very livelihoods at risk.
“We’re not all millionaires,” Sen. Barbara Mikulski (D-Md.) told The Hill. “When I splurge, it’s on a Ravens t-shirt.”
To be fair, they charge extra for XXXL.