Monday, February 21, 2011

Closed Presidents' Day

All six locations of the Des Moines Pubic Library are closed today.  The staff's not being paid; it's a furlough day due to budget cuts.  Speaking of pay, George Washington made $25,000 per year as president.  Bill Clinton received $200,000.  George W. Bush made $400,000 per year as does President Obama today.  Of course these numbers do not include inflation.  Here is a sample from a few years ago:  President Henry Hoover's salary of $75,000 equaled approximately $1,000,000 in 2007 dollars.  Yowsah.

Sources:  National Park Service
Principles of Macroeconomics

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