Saving the US 5 million dollars.
By speakeasy
@speakeasy (4171)
United States
August 29, 2008 7:13pm CST
No matter who you favor in the 2008 Presidential election (US); selecting the one candidate over another is a decision that will either cost the the US taxpayers $5 million or save us $5 million.
I received an email from a friend which said "A president's pension currently is $191,300 per year, until he is 80 years old.
Assuming the next president lives to age 80. Sen. McCain would receive ZERO pension as he would reach 80 at the end of two terms as president.
Sen. Obama would be retired for 26 years after two terms and would receive $4,973,800 in pension.
Therefore it would certainly make economic sense to elect McCain in November."
So, I decided to check and see if it was true. Here is a link that gives current information about Presidential salaries and pensions - http://www.ipl.org/div/farq/pensionFARQ.html
IF there are absolutely NO increases in the Presidential pension (we all know how likely that is); then, these figures are correct. Assuming even modest inreases in the pension it will easily exceed the $5 million mark for Obama IF he is elected and if he is only in office for 4 years it would be almost $6 million in pension payments.
So, just remember the choice is yours - spend $5 mil or save $5 mil. This is just plain economics.
1 person likes this
2 responses
@speakeasy (4171)
• United States
30 Aug 08
I agree that $5 million is just a "drop in the bucket"; but, you have to start somewhere.
A little something here and a little something there and it all adds up. The same is true whtehr it is your own budget or the federal government's budget.
1 person likes this
@mscott (1923)
• United States
30 Aug 08
That is a very interesting way at looking at it. I guess if you are talking those terms we should figure in then the cost of paying the secret service to provide the candidate and his family protection for the rest of their lives. Again I think it would be safe to say we would be saving money with McCain. 

@speakeasy (4171)
• United States
30 Aug 08
Every person out there has their own reasons for voting for or against a candidate. Someone who wants to see the "dollars and cents" in this election - this will give them "food for thought".
It may also be the deciding point for people who are "on the fence" and could go either way in their decision.




