economic sense to elect McCain

[Stage1]

A president's pension currently is $191,300 per year.
 
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.

How's that for non partisan thinking???

[rabbidrabbit]

Makes sense to me!

[Gaidin]

I like it!!  Lets go with that! 

[Bones]

Certainly a different twist. 

If you happen to think no matter who we elect, we are screwed, this logic is probably the bit that would tip the scale.

[SpazMan]

Never thought of it that way.....

[Shamus]

The dems better brush off John Dingell and run him for prez.

shamus

[MORAY37]

Sen. McCain would receive ZERO pension as he would reach 80 at the end of two terms as president. 

This is predicated that he survives his first term.  He has already reached median life expectancy.

[WWhiskey]

This is predicated that he survives his first term.  He has already reached median life expectancy.

probably wouldn't hurt your feelings then would it?

[REP0MAN]

probably wouldn't hurt your feelings then would it?

I'd say that depends on his Veep choice

[FrodeMk3]

A president's pension currently is $191,300 per year.
 
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.

How's that for non partisan thinking???

Those numbers' arent correct.

Congress enacted the Former Presidents Act (FPA) in 1958 to provide former
Presidents an annual lifetime pension, currently $191,300, and office allowances
administered by the General Services Administration (GSA). The FPA, as amended,
also provides former Presidents with travel funds and mailing privileges (3 U.S.C. 102
note). Secret Service protection for former Presidents is also authorized by statute.
P.L. 110-161, the FY2008 Consolidated Appropriations Act, authorizes $2,478,000 in
funding for former Presidents. The President’s FY2009 budget requests $2,934,000 to
provide former Presidents with pensions and office allowances.

It says' lifetime here, not age 80. And here's more:

Pensions. The Former Presidents Act, as amended, provides each former President
a taxable pension that is equal to the annual rate of basic pay for the head of an executive
department (Executive Level I), currently $191,300. The pension begins immediately
upon a President’s departure from office at noon on Inauguration Day, January 20. The
Secretary of the Treasury is responsible for making the monthly pension payments, as
authorized by the FPA. A presidential widow is provided a $20,000 annual lifetime
pension and franking privileges. The widow must waive the right to any annuity or
pension under any other legislation. Nancy Reagan and Betty Ford are the surviving
widows. According to GSA, Mrs. Reagan and Mrs. Ford do not receive the annual
pension, since they did not waive the right to any other annuity or pension provided by
statute.
According to a 1974 opinion by the Department of Justice concerning President
Richard Nixon’s resignation from office, a President who resigns before his official term
of office expires is entitled to the same lifetime pension and benefits that are authorized
other former Presidents. However, a President who is removed from office by
impeachment forfeits his pension and related benefits. The ruling states that
The FPA [Former Presidents Act] provides certain benefits to “former Presidents.” A
former President is defined in Section (f) as a person who has been President, is not
currently President, and who was not removed from office pursuant to impeachment
and conviction in the Senate. The statutory language is unambiguous and Mr. Nixon
clearly meets the statutory definition of a former President.1
Transition Expenses. As authorized by the Presidential Transition Act, as
amended, transition funding is available to the outgoing President and Vice President for
seven months, beginning one month before the January 20 inauguration, to facilitate their
relocation to private life.2 These funds are used to provide suitable office space, staff
compensation, communications services, and printing and postage associated with the
transition. Based on the Department of Justice’s 1974 decision, a President who resigns
before his term of office has expired is also entitled to transition expenses.
In order to provide federal funding in the event of a 2004-2005 presidential
transition, the President’s FY2005 budget requested a total of $7.7 million. The House
passed H.R. 5025, the FY2005 Transportation, Treasury, and Independent Agencies
appropriations bill, on September 22, 2004. The legislation recommended for GSA a total
of $7.7 million for transition expenses. In the Senate, S. 2806 also recommended a total
of $7.7 million to implement a possible transition. P.L. 108-309 was enacted on
September 30, 2004, to provide continuing non-defense appropriations through November
20. A total of $2.5 million was authorized in the event of a presidential transition, until
enactment of the FY2005 omnibus appropriations bill. Due to the outcome of the 2004
CRS-3
3 P.L. 106-293; October 12, 2000.
presidential election, no funds were provided in P.L. 108-447, the FY2005 Consolidated
Appropriations Act.
GSA was appropriated a total of $7.1 million for the FY2001 transition (P.L. 106-
426): $1.83 million for the outgoing Clinton Administration; $4.27 million for the
incoming Bush Administration; and $1 million for GSA to provide additional assistance
as required by the Presidential Transition Act of 2000.3 A total of $1.5 million was
appropriated for the transition expenses of outgoing President George Bush and Vice
President Dan Quayle (106 Stat. 1729). Of this total, the Bush Administration determined
that $1.25 million would be made available to former President Bush, with the remaining
$250,000 to be used by former Vice President Quayle. During his FY1993 transition
period, former President Bush used $907,939, with an unobligated balance of $342,061.
During the same period, former Vice President Quayle used $244,192 for transition
expenses, with an unobligated balance of $5,808. For FY1997, $5.6 million was
authorized in the event of a presidential transition in January 1997, which did not occur.
Staff and Office Allowances. Six months after a President leaves office,
provisions of the Former Presidents Act, as amended, authorize the GSA Administrator
to fund an office staff. During the first 30-month period when a former President is
entitled to assistance under the FPA, the total annual basic compensation for his office
staff cannot exceed $150,000. Thereafter, the aggregate rates of staff compensation for
a former President cannot exceed $96,000 annually. The maximum annual rate of
compensation for any one staff member cannot exceed the pay provided at Level II of the
Executive Schedule, currently $172,200. A former President supplements staff
compensation or hires additional employees from private funds. The GSA Administrator
provides suitable office space, equipment, and supplies at any location within the United
States selected by a former President. The FPA does not provide any information or
guidance for GSA concerning the amount of office space requested by a former President.
The funding for this provision becomes effective six months after the expiration of a
President’s term of office. Once a former President has chosen suitable office space, a
standard-level user charge, equivalent to space rental cost, is included in GSA’s budget
for former Presidents. GSA, in consultation with officials representing the former
Presidents, prepares yearly operating budgets. Funds are appropriated by Congress and
included as part of GSA’s annual appropriation act. In addition to assisting the former
Presidents’ offices with budget preparation, GSA also provides administrative support for
the offices of former Presidents, assisting on requests for equipment, supplies, and other
office expenditures. GSA makes the final determination on costs for office space and
equipment. At the discretion of the GSA Administrator, a former President’s office is
closed six months following his death to allow sufficient time to complete unfinished
business and transfer appropriate documents and other items to the presidential library.
The FY1995 Treasury, Postal Service, and General Government Appropriations Act
(108 Stat. 2410) proscribed the use of funds for allowances and office staff of former
Presidents for “partisan political activities.” The FY1998 Treasury, Postal Service, and
General Government Appropriations Act (111 Stat. 1299) contained a provision restoring
lifetime staff and office allowances to former Presidents by repealing law limiting the

http://www.senate.gov/reference/resources/pdf/98-249.pdf

You can't possibly predict how expensive a former president is. They are expensive as hell.

[MORAY37]

probably wouldn't hurt your feelings then would it?

Sir, I don't want the guy to die in office,  and I certainly don't hope for his death at any case.  That's all.  Most senior citizens his age can't handle the stress of heading to the local Outback Steakhouse if it's dark out. I don't believe the man can handle the schedule that the next president will have to bear.  The man already is having "moments".... confusing Iran with Iraq...Shi'ites with Sunnis. 

Cognitive ability shows a marked decline after 65, and by 75 becomes degenerative. I'm sorry, but we wouldn't elect a 52 or 58 year old with a degenerative brain tumor.... oh, wait, we did.... BUSH.

[WWhiskey]

Sir, I don't want the guy to die in office,  and I certainly don't hope for his death at any case.  That's all.  Most senior citizens his age can't handle the stress of heading to the local Outback Steakhouse if it's dark out. I don't believe the man can handle the schedule that the next president will have to bear.  The man already is having "moments".... confusing Iran with Iraq...Shi'ites with Sunnis. 

Cognitive ability shows a marked decline after 65, and by 75 becomes degenerative. I'm sorry, but we wouldn't elect a 52 or 58 year old with a degenerative brain tumor.... oh, wait, we did.... BUSH.

point well taken 
Barrack thinks he can lead all 57 states for a lot of reasons , not just because he is  younger