Don’t feel so smug if you belong to that tiny percentage of Americans who earn $400,000 a year (or more); to astonishingly wealthy plutocrats like Mayor Bloomberg, you’re still just small potatoes. Asked about the manufactured Republican outcry over Barack Obama’s allegedly extravagant date night in New York, Bloomberg defended the First Couple’s getaway, telling reporters, “The president does not get paid that much. He is on a budget, too.” Well, from Bloomberg’s rarefied perch atop Mount Moneypiles, we probably all look like Dickensian waifs struggling to sell our hair to the wig maker for halfpence, but to the average American, Obama’s hardly “on a budget.” City Room breaks down Obama’s current income: $400,000 a year salary, a $50,000 expense account, a $100,000 nontaxable travel account and a $19,000 entertainment budget. His total compensation package, $569,000 a year, is 11 times the median household income in the U.S., which is around $50,000. Of course, when you've got two private jets; homes in Bermuda, Florida, Colorado and London; and $16 billion in walking around money, you must wonder how poor souls like the President make do on half a million.