Obama’s Wealth, Pensions and Offshore Investments

The Democratic party sells itself as a representative of the working class and the poor, and they also make a habit out of accusing Republicans of being the ‘party of the rich’.  It turns out, the Dems aren’t very destitute.

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.

……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.

Al Gore, John Kerry, Nancy Pelosi, Harry Reid, Bill Gates, Warren Buffett, Larry Ellison, Ron Wyden, are all filthy rich.  Where’s the unwashed denizens of shantytown and why aren’t they protesting outside the homes of these millionaires?

If they’re going to have wealth envy, spread it out more evenly.

 

Related post:
http://sfcmac.wordpress.com/2012/10/18/democrats-are-the-new-party-of-the-rich-part-ii/

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