Since the Congress and the President won't stop spending and want to take the civilian's money through taxes to pay the debt it's only fair they take severe pay cuts until the United States has a surplus of money and a thriving economy again.
The President's annual salary is $400,000 which he will be payed every year for life even after his term is over.
The current salary (2011-2012) for rank-and-file members of the House and Senate is $174,000 per year.
Congress: Leadership Members' Salary (2011-2012)
Leaders of the House and Senate are paid a higher salary than rank-and-file members.
Senate Leadership
Majority Party Leader - $193,400
Minority Party Leader - $193,400
House Leadership
Speaker of the House - $223,500
Majority Leader - $193,400
Minority Leader - $193,400