Tuesday, February 3, 2009

I am on a fixed income!

I heard this lady on the radio yesterday mentioned that she visited Lindsey Graham's office and asked him about his, and many other Senator's, raises and according to her, he dismissed her question with the reply, "I am on a fixed income."

So that made me wonder what a fixed income really is and according to the Wikipedia, the free encyclopedia, Fixed income is described as many things but this is the description I was looking for: The term fixed income is also applied to a person's income that does not vary with each period. This can include income derived from fixed-income investments such as bonds and preferred stocks or pensions that guarantee a fixed income. When pensioners or retirees are dependent on their pension as their dominant source of income, the term "fixed income" can also carry the implication that they have relatively limited discretionary income or have little financial freedom to make large expenditures.

A little more research and you will find that Graham makes somewhere in the neighborhood of $165k a year. - Not a bad fixed income! Not to mention the hundred of thousands raised for his political office. - Okay part of the job! Not to mention all of the special interest group contributions that we may never know about! -Hmmm, I wonder if all of those monies are reported? Look at Tom Daschle and others who have been "busted" (excused) for tax fraud lately.

He's just one of the many who need to be voted out!!! To bad he just got re-elected. When will we learn?