In a cost-cutting move expected to save taxpayers $50 billion a year, it was announced Monday that U.S. federal officials will be replaced by cheaper Mexican counterparts. I want to thank you for this opportunity. We will do our best to run America as best we can, said Ernesto Vasquez, the new president of the U.S. Vasquez said he will work closely with Vice-President Guillermo Reyes and members of El Senate and La Casa De Representatives to ensure a smooth transition of power. Vasquez will earn the lavish wage of $3.50 an hour as president, more than most of the new federal officials will earn per day. 