Word: payes
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Dates: during 1980-1989
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...issue was, of course, the proposed pay raise that would have lifted congressional wages from $89,500 to $135,000 a year and far more equitably compensated federal judges and top Executive Branch officials. After weeks of public posturing against the Great Salary Grab, while privately coveting the raises, Congressmen had been hopeful that their Machiavellian maneuvers would pay off -- literally. If House Speaker Jim Wright just held firm against a vote, the salary increase would automatically take effect at midnight last Tuesday night. But Wright wavered; the House quavered and overwhelmingly killed the salary hike by a vote...
Such are the rewards of cynicism and cowardice. The passions aroused by the pay fray may have been extraordinary, but the duplicitous behavior it spawned is typical. Running for cover has become such natural behavior that Congressmen will go to extremes to duck accountability. The only way Congress could muster the moxie to close 86 outmoded military bases was first to appoint a commission whose recommendations will automatically take effect in April unless rescinded by both houses. To mask its inability to confront the deficit, Congress created the Gramm-Rudman guillotine, which arbitrarily cuts the budget if compromise fails...
...huge, healthy S & L, complete with a network of 186 branches, for a relatively tiny amount of capital. More than half of his thrift's assets consist of another sure thing: a $7.8 billion loan to the "bad" S & L that is fully guaranteed by FSLIC to pay a handsome 2% more than the going cost of funds. That will pump some $160 million in annual interest into the Bass thrift, no matter how much trouble FSLIC has in getting rid of the bad assets...
...efforts to redeem his campaign pledge to slash the tax rate on capital gains from 33% to 15%. Like Dukakis in last year's campaign, congressional Democrats lambaste the idea as an affront to fairness. "I'm not going to tell the wage earners in Chicago that they should pay a higher tax rate than stockbrokers," thunders House Ways and Means Committee Chairman Dan Rostenkowski. There is evidence to support this equity argument: currently, 70% of all capital gains are claimed by taxpayers with household incomes over $100,000 a year...
There he is listed as James J. Brown, No. 155413. "I'm just sitting quiet, not saying a thing, serving my time," says Brown from a pay phone inside the minimum-security facility. Every day he rises at 5:15 to dish out breakfast in the cafeteria, wearing a cook's white uniform and cap, embellished by purple wraparound sunglasses and a matching purple foulard scarf. He directs the chapel choir, and attendance has doubled since he got there. On Saturdays, his wife Adrienne, a former hair stylist with the television show Solid Gold, brings a dryer...