Thursday, October 18, 2012

Pension Envy: Who Has More—Obama or Romney?

THE INFIDEL BLOGGERS ALLIANCE  When life beats fiction... Obama's pension out of Cayman's and BIGGER THAN ROMNEY'S

Romney says Obama also has investments in Chinese companies and through a Cayman Islands trust

"UPDATE: PolitiFact, the fact-checking arm of the Milwaukee Journal Sentinel, has confirmed that Obama does participate in the Illinois pension fund, which was organized in the Cayman Islands and has interests in China."

"From the standpoint of a public pension, Obama is well-heeled.

As president, he will receive $191,300 annually for life — win or lose in next month's election — and receives a travel allotment as well as mailing privileges. Should Obama lose, his presidential pension kicks in immediately after leaving office.
"Given that the president enjoys a normal life span, the pension allotment would be worth upwards of $6 million.
"The federal budget spends about $3 million annually for the four living ex-presidents. Obama also will get Secret Service protection.In addition, Obama may be due a nice pension for the eight years he served in the Illinois Legislature as a state senator.
"Illinois is infamous for its lavish pension planfor former lawmakers. A Freedom of Information Act request for Obama's pension amount submitted Wednesday to the General Assembly Retirement System of Illinois was not immediately answered, nor was a call to the Obama campaign." "

No comments: