NYC Mayor Michael Bloomberg says Barack Obama doesn't get paid that much..

That's right, he said it. Michael Bloomberg, the mayor of New York, its wealthiest resident and 17th wealthiest person on earth said that the President of the United States does not get paid that much.

Bloomberg was speaking to a group of reporters when he was asked to justify taxpayers footing the bill for the first couple's trip to NYC this weekend for dinner and a Broadway show. 

Bloomberg's response: "The President doesn't make that much, he's on a budget too."

The President's salary is $400,000 annually, with a $50,000 expense report and $19,000 entertainment budget. All told, that's approaching half a million dollars to play around with each year for four years. 

I guess when you're worth $16 billion, and plan on using $80 million of your personal stash to finance your re-election campaign for a third term that you changed the law to allow yourself to be able to run in..$400,000 isn't a whole heck of a lot. Wealth, like beauty is in the eye of the beholder. And when you're as wealthy as Mayor Bloomberg, the standards are high apparently.