For the Bean counters..From a financial perspective... A President's pension currently is $191,300.00 per year, until he is 80 years old. Assuming the next president lives to age 80, Sen.Mc Cain would receive ZERO pension as he would reach 80 at the end of two terms president. Sen. Obama would be retired for 26 years after two terms and would receive $4,973,800.00 in pension. (read carefully as it is almost $5 Million) Therefore, it would certainly make economic sense to elect McCain in November.... along with all the other good reasons! How's that for non-partisan thinking.
Worth Repeating.
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191,300 times 26 is $4,973,800. That's millions, not billions.
ReplyDeleteI think you may have your decimal point in the wrong place. $191k for 26 years would only be about $5 million. Still not bad for being retired.
ReplyDeleteSomebody missed a zero, or my bean counter calculator isn't working this morning...
ReplyDelete191,300 * 26 yrs = 4,973,800 million, not billion....
That is still a lot of money !!
Although I like the thinking, somebody better check their math skills....
ReplyDeleteCheck me if I'm wrong here Sandy, but 191,300 x 26 years = 4,973,800 (almost 5 MILLION). Not to take away from your point, that is still a lot of bread for let us hope four years of work.
ReplyDeleteWow this one takes the cake. So don't vote for the guy with the best answers for the country because when he's done his pension won't be economical for the economy...Get real people! No one has said anything about what Carter, Clinton, and both Bush's will be doing to the economy. I guess we should just get rid of there pensions for the economies sake?
ReplyDeleteWorth every penny.
ReplyDeletewhat a stupid and petty reason to not vote for someone.
ReplyDeleteThat translates to something like 4 days work if you are a Washington Mutual CEO!
ReplyDeleteGood lord people. I don't think anyone is suggesting that someone base their vote on this issue. To me it seemed a funny way to let people know how much former presidents are making and I find it ridiculous that a president gets a pension after serving 4-8 years. Someone find me a job where I can work 4 years and get a pension for the rest of my life!!!
ReplyDeleteMaybe I am the blind one, but where in the world do you idiots see the word Billion in the article?
ReplyDeleteWow, that would buy alot of clothes from Saks each year. Maybe we should calculate all the clothes the republican party has bought for their nominees.
ReplyDelete10:35...the article originally stated such. It had been corrected
ReplyDelete10:11 AM -- You want a job like that then just run for a Senate seat. Not only will you be paid handsomely for doing next to nothing but also get a really sweet "Social Security" like retiring gift after just one term and free medical care for life. I think that I might just have to run for the Senate myself; do I have any supporters out there? I promise to do absolutely nothing. Thankyaverymuch.
ReplyDeleteThis is a complete farce. The presidential pension is for life, not to age 80.
ReplyDelete