PINAR DEL RIO


support babalú


Your donations help fund
our continued operation

do you babalú?

what they’re saying


bestlatinosmall.jpg

quotes.gif

activism


ozt_bilingual


buclbanner

recommended reading





babalú features





recent comments


  • Carolinasympatica: I believe that there is something to this, and this started a long time ago, around 1973 to be exact.

  • Humberto Fontova: I’m hearing his illness developed very shortly after visiting Spain…

  • Rayarena: You’re right Prof. Eire, people who are inconvenient to castro die convenient deaths all of the time. They either...

  • Humberto Fontova: Thanks for the link, Professor! Oye pero mira que aqui en Babalu se aprenden cosas (often historical) interesantes!

  • Carlos Eire: Ñoooooooooo !!!! Coulter has surpassed the greatest insult-meister of all time. No, not Don Rickles, but Martin Luther. Here...

search babalu

babalú archives

frequent topics


elsewhere on the net



realclearworld

So, Whose Is Bigger?

Hold on a minute here. Joe Biden promised us Obama has a big stick. But let's talk about those dueling pensions...

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 plan for 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.

But what about Romney?

It's extensively documented that Romney is, well, a rich guy. He earned untold millions —though famously circumspect about releasing tax returns — while leading private equity giant Bain Capital and has a substantial retirement plan.

His Individual Retirement Account could be worth in the neighborhood of $87 million, as documented in an extensive report from the Washington Post.

But as for a strictly public pension? Zip, zero.

Romney only served one term as governor of the Bay State and did not take a salary, so he is eligible for nothing.

So while Romney appears headed for a happier retirement financially, he'll be footing his own bill — unless, of course, he wins next month. In that case, his nest egg will be even that much bigger than Obama's.

And yes, Obama's pension(s) include China and off shore investments.

Comments are closed.