Obama's pension is larger than Romney's

Remember when the President said this during the debate:

"I don't look at my pension. It's not as big as yours so it doesn't take as long. I don't check it that often."

Here's the truth:

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.

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.

Yet more evidence for Obama's character problems... character problems that manifest themselves most obviously with his penchant for lying.

He is an extraordinary liar.

Comments

[tim aka The Godless Heathen]

“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.”

Next debate Romney, after correcting the record on this, should promise he won’t take a presidential salary or pension and should ask Obama to forgo his pension.

Would love to see Obama’s, and Michelle’s, head explode after that one.