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Kludge
04-19-2008, 08:55 PM
I (hypothetically) propose we begin determining the pay of congressional members based on the formula (the CPK Formula) below:

Let a be the annual percent inflation or deflation (CPI)
Let c be the annual % change in GDP
Let d be the annual percent increase/decrease in taxes
Let e be national debt (In $)

Total annual congressional salary = (-(a5) + (40000[c+1])) * -(d/5-1) - (e/500 million)

**Total annual congressional salary cannot exceed $400,000, cannot be lower then $50,000

This will give a performance-based income to congress to give them incentive to take classes... or something.

This is what I figure last year's salary would have been.

(I can't find a statistic for average $ taxed per capita per year [2006 and 2007] so I'm assuming a 2% tax increase])

(-(2.893765779763*5) + (40000[5.2631578947368421+1])) * -(2/5-1) - ( 9,372,944,529,354/500,000,000)

$131,555.43 congressional pay for the year of 2007.

Edit: 50000 now is 40000.
nate895
04-19-2008, 09:25 PM
That is roughly equivalent to now. I am not sure about it, I'd have to look into it more.
Kludge
04-20-2008, 09:45 PM
Bump?

What aren't you guys understanding?
nate895
04-20-2008, 09:47 PM
Bump?

What aren't you guys understanding?

What I am not understanding is why you are asking for us to vote yes on a measure to increase the pay of congressmen.
Kludge
04-20-2008, 09:49 PM
What I am not understanding is why you are asking for us to vote yes on a measure to increase the pay of congressmen.

The current salary (2008) for rank-and-file members of the House and Senate is $169,300 per year.

That's almost a $200 reduction ;)
nate895
04-20-2008, 09:55 PM
The current salary (2008) for rank-and-file members of the House and Senate is $169,300 per year.

That's almost a $200 reduction ;)


Wrong, it is $165,200, according to Washington Secretary of State.

http://www.secstate.wa.gov/elections/filing_for_elective_office.aspx
Kludge
04-20-2008, 09:57 PM
Wrong, it is $165,200, according to Washington Secretary of State.

http://www.secstate.wa.gov/elections/filing_for_elective_office.aspx

http://www.opm.gov/

Office of Personnel Management trumps.

But, I'll lower the pay - just for you. Better?
angelatc
04-20-2008, 09:59 PM
The problem I see is that the indexes are easily manipulated. CPI rising too fast? Take out the cost of gas, for example.
Kludge
04-20-2008, 10:01 PM
The problem I see is that the indexes are easily manipulated. CPI rising too fast? Take out the cost of gas, for example.

By all means - I'd like to see a near-perfect formula. If you can provide better indexes, I'll adjust the formula accordingly.
jclay2
04-21-2008, 11:34 AM
How much should congress get payed?

Answer: 0! :mad: Exactly what they deserve!
acptulsa
04-21-2008, 12:00 PM
Answer: 0! :mad: Exactly what they deserve!

If you want to end inflation, freeze their pay.
DealzOnWheelz
04-21-2008, 12:30 PM
How bout they get docked pay for every vote that breaks the law(ie The Constitution)
nate895
04-21-2008, 04:24 PM
How bout they get docked pay for every vote that breaks the law(ie The Constitution)

In theory, they should be kicked out of Congress for breaking their oath. Breaking your oath is supposed to be an impeachable offense.