Search This Blog

Wednesday, January 8, 2014

Two Political Proposals

(1) The amount of the bailout to the banks should be deducted from money the government has borrowed, thus reducing the principal, cutting down interest owed, and substantially reducing the federal debt. If (a) Tom has borrowed from Harry, and (b) Harry goes subsequently broke, and (c) Tom bails him out, how can Tom still owe the full amount of the loan? 

(2) In addition to an increase in the minimum raise, how about a maximum cap on compensation --not just salaries of CEOs but also their bonuses, stock options, etc. Taking into account experience, expertise and accomplishments, merit could still be recognized.