Pension hike
- Thread starter rod
- Start date
In post five you quote Wikileaks and call the previous posts "One more unsubstantiated lie".
You are right that I miss typed "WikiLeaks" instead of "Wikipedia", I don't consider either of those sources to be definitive about anything.
The White House did ask for a presidential pension increase though in the last year of Obama's term. We have two Democratic and two Republican former Presidents now, we just lost former First Lady Nancy Reagan. Three of the former Presidents are up there in age and nobody lives forever. We have a lot of career politicians that have made a lot more money on the side than what their government salaries paid. The Clinton's especially have faired well with being overpaid with speaking fees and Obama will do the same. The Bushes did well on their own and don't travel as much. I don't think that any politician deserves these elaborate benefits that they vote to give themselves.
The White House did ask for a presidential pension increase though in the last year of Obama's term. We have two Democratic and two Republican former Presidents now, we just lost former First Lady Nancy Reagan. Three of the former Presidents are up there in age and nobody lives forever. We have a lot of career politicians that have made a lot more money on the side than what their government salaries paid. The Clinton's especially have faired well with being overpaid with speaking fees and Obama will do the same. The Bushes did well on their own and don't travel as much. I don't think that any politician deserves these elaborate benefits that they vote to give themselves.
Sportello
Well-Known Member
scratch, the amount of the pension is determined by the salary of an Executive Level 1. The original post by Rod was very misleading, if not an intentional distortion. The POTUS receives a pension that is a fraction of what someone like Scott Davis, for example, receives.
Whether any politician 'deserves' compensation after they retire is debatable, but to say that the Obama's are 'feathering the nest' is an outright lie.
Whether any politician 'deserves' compensation after they retire is debatable, but to say that the Obama's are 'feathering the nest' is an outright lie.
teamer
Well-Known Member
why would it be debatable. you don't think Obama can pull in Clinton money making speeches? If anything he can get more since Hillary speaking is like watching paint dry.
Sportello
Well-Known Member
teamer
Well-Known Member
regardless I don't see how you can justify an 18 percent increase. Bill Clinton took in 924 , 000 despite the fact he does not need the money. why defend things like this that do not need defending?
rod
Retired 22 years
It wasn't intentionally misleading. I was under the assumption that the POTUS had already raised his and all retired Pres. & 1st Ladies pensions. I know his / their pensions probably don't equal what major Companies CEO's would get. My beef is that even is he was to only get a dollar a year pension he has NO business asking for an 18% increase in his income when it was determined by his coharts that the cost of living didn't warrant a raise in social security for the rest of the retired people.
Sportello
Well-Known Member
Just because I have a soft spot for oxen...
There is not an 18% increase. Every former POTUS receives the same pension. It is the same as the salary for a Level 1. That currently is a bit over $200k/yr. There are other allowances for office and staff. The Congress holds the purse strings, and GWB is the only person getting more than a million/yr, total.
No one is getting more money, not even the usurper.
Geesh.
rod
Retired 22 years
According to the Market Watch website Obama has asked for an 18% increase in retired Presidents and 1st ladies pensions to be included in the 2017 budget. (Just in time for him to collect it).
realbrown1
Annoy a liberal today. Hit them with facts.
How about we tie government pension increases for congressmen and presidents to Social Security increases?
That will stop their pensions from increasing.
That will stop their pensions from increasing.
Sportello
Well-Known Member
@rod, you posted an intentionally misleading statement. There was no 18% increase in individual pensions. To try to tie it with the lack of a SS increase (I'm on SS) was doubly misleading.
The following quote by you is just nonsense and doesn't deserve a response, so I'll just leave it here.
rod
Retired 22 years
So let me get this straight. You are OK with him wanting to add 18% on to his income after retiring even though you (as a taxpayer on Social Security who was informed that you didn't need a raise this year) would be paying for it out of your taxes? That blows my mind.
brownmonster
Man of Great Wisdom
Really? Apparently we had no debt before he came into office.
rod
Retired 22 years
So right now he is qualified to get X amount for a pension when he retires and he wants 18% more PLUS a pension for the Queen--- but that won't add to his "retirement" pension income? I guess you and I use different math.
rod
Retired 22 years
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