Yes it will
White guy doesn’t like to see black guy get a decent pension. White guy gets to work to slash that pension.
Republican Congressman Jason Chaffetz suggested Wednesday that former President Barack Obama’s $400,000 Wall Street speech has prompted a coming measure to cap presidential pensions.
Utah representative Chaffetz plans to reintroduce a 2016 bill to the House that would cap presidential pensions at $200,000, with an additional $200,000 in expenses, USA Today reported.
Last July Obama vetoed a bill that would have curbed the pension of former presidents if they had an outside income of $400,000 or more and limited expenses at $200,000, arguing that if implemented it could have left staff of former presidents suddenly without work.
“The Obama hypocrisy on this issue is revealing,” Chaffetz, chairman of the House Oversight and Government Reform Committee and sponsor of the 2016 bill, told USA Today. “His veto was very self-serving.”
Late Wednesday Chaffetz tweeted the USA Today link with its headline “Obama’s $400,000 speech could prompt Congress to go after his pension,” adding “Yes it will.”
He really did.
Obama's $400,000 speech could prompt Congress to go after his pension https://t.co/h17muKPMmE via @USATODAY Yes, it will
— Jason Chaffetz (@jasoninthehouse) May 4, 2017
I’ll believe they are serious when they go after Congressional pensions. I mean, how many jobs can you work where you get a full pension for only 5 years of service (if you are 65; you need more years of service to draw it younger).
Of course, many of the things these guys have been doing have been attacking pensions. People who have worked their whole life can now suddenly find their pension drying up, even after years of drawing on it. I have talked to several millennials who think that should happen – they feel there is something wrong with paying people for not working. This fails to understand that a pension is not paying you for not working; it is a deferred payment for when you were working, and at least part of it is usually taken out of your check (I know that’s been the case at every job I’ve had). The worker agrees to waive a portion of their compensation now in return for security in their old age.
But Congress is okay with cutting earned pensions – though probably not their own.
What? There’s a pension? For 4-8 years work? Of more than $200k a year? With expenses?
Wow.
Apparently UK Prime Ministers get obscene pensions too. Obviously I haven’t been paying attention.
Well, to be fair, the job half kills you (if you do it right).