There’s a story of ancient times when a famine spread across the land. During this hardship the king not only gave away most of the foods and grains stored in the royal warehouse, but he also had all of his ministers and councilors reduce their food consumption and he himself completely fasted for forty days.
At the beginning of last year the small company my daughter works for in Wisconsin had to lay off five or six people. Then, rather than lay off any one else, and to weather the hard times, everyone was asked to take a 10% pay cut. The owner of the company stopped paying himself altogether. Now things have picked up for them and the cuts have been reinstated.
We’re really in this fix together. So where is the sense of shared sacrifice. It could start with the guys in Washington suspending their health care benefits until they come to some agreement. When it comes to the economy and job creation, they could take a 10% cut in pay until they fix that problem. And rather then get a hand out, those guys on Wall St. should all take 10% or even 20% pay cuts until their companies are solvent. Perhaps we’d start seeing some real solutions.