If we're going to run our government like a business, let's pay our leaders like corporate executives. Let's tie pay to performance.
Pay Scheme
If the annual GDP exceeds 3%, our executives get a 3% raise. Less than 0% annual GDP, a 3% pay cut. Zero to 3%, no pay change.
And, let'a add the annual budget to the mix to keep the executives honest. If the actual annual budget spending is within limits, they get a 3% raise. Otherwise, they get a 3% pay cut.
And, during times of war, executive pay is frozen.
Some examples (no war):
(1) GDP Growth of less than 3% but the budget is exceeded: a 6% pay cut.
(2) GDP Growth of more than 3% but the budgetis exceeded: a 0% pay change.
(3) GDP Growth of more than 3% and the budget is within limits : a 6% pay increase.
Let's tie the pay of our President and Congress to performance.