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Taxpayer Relief: Dollar-for-Dollar Pension Reduction for Federal Multimillionaires!
Tell Congress:
Cut Pensions for Wealthy Executive Branch
"Retirees" Like Obama, Holder!

Barack Obama is cashing in on his post-White House celebrity by signing a $65 million book deal and raking in $400,000 per speech on Wall Street.

On top of that money, YOU are paying Obama a pension that amounts to more than $400,000 per year -- money that could be better spent elsewhere!1

All former presidents and cabinet officials are paid exorbitant pensions that in many cases are not needed because they rake in big bucks on Wall Street or working for lobbying firms. The taxpayers deserve relief too!

Obama vetoed a bill last year that would have imposed a dollar-for-dollar reduction on former presidential pensions if they are collecting private sector paychecks. We just need to revive that bill and add former Cabinet officials to it!2

Tell the House Oversight Committee that you support a dollar-for-dollar reduction in federal pensions for former presidents, cabinet officials and Members of Congress whose outside earnings exceed their allotted pension amounts!

How does a dollar-for-dollar reduction work?

If Obama earns $50 in a given year, the taxpayer-funded portion of his pension is reduced by $50.

If Obama collects $400,000 for one speech on Wall Street, his pension is reduced to zero!

Dozens of Obama’s Cabinet members came directly from Goldman Sachs and after they left office, they went back to their old jobs. None of them are hurting for money, unlike the American taxpayers who pay their bloated pensions.

All former Cabinet officials will receive a pension of $207,000 this year, compared to social security retirees who will receive just $16,000.

Former Attorney General Eric “Fast and Furious” Holder, for example, went back to his old job at a Wall Street law firm.  In addition to his fatcat salary, YOUR tax dollars pay Holder a pension of $207,000 per year.

Obama’s pension of $400,000 per year is enough to pay full social security benefits for 25 elderly Americans so it could be put to better use.

Obama and other wealthy cabinet officials do not need a taxpayer-funded pension and they know it -- therefore by accepting their pensions they are committing theft against the taxpayers. “You shall not steal.” (Exodus 20:15)

Tell Congress that you support a dollar-for-dollar reduction in pensions for any former president or cabinet official who does not need the taxpayers’ largesse to survive!

INCREASE YOUR IMPACT:

After sending your Personal Letters, contact your Representative and Senators at 202-224-3121. Tell them that you support cutting federal pensions for multimillionaires who don't need the money.

In addition, please share this message on your social media pages with your family members, friends and acquaintances:

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Sincerely,

Charles Benninghoff, Founder
Pray For US - Pray For The United States
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Sources:

1 http://www.dailymail.co.uk/news/article-4477228/Congress-plans-cancel-Obama-s-government-pension.html

2 http://www.newser.com/story/242260/obamas-pension-now-under-congressional-microscope.html

 

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Trey Gowdy
2418 Rayburn House Office Building
Washington, D.C. 20515

Dear Chairman Gowdy:

I am offended that my tax dollars are subsidizing the lavish lifestyle of Barack Obama and former Cabinet officials who do not need my money. Obama has a $65 million book deal and he is raking in $400,000 per speech on Wall Street. Why should the taxpayers be forced to pay him a pension as well? Likewise, most of Obama’s Cabinet is back on Wall Street collecting huge salaries from Goldman Sachs. I am calling on you to pass a dollar-for-dollar reduction in federal pensions for these fatcats who earn enough money to survive without my tax dollars.

The Former Presidents Act of 1958 was written to provide a small pension to former presidents so that they could retire with dignity. President Truman as I’m sure you know had to move in with his mother-in-law when he left the White House. Barack Obama is not hurting for cash, unlike the 90 million Americans who have left the workforce entirely due to Obama’s offshoring of American manufacturing jobs.

Fast and Furious former Attorney General Eric Holder is back at work on Wall Street, and yet he will collect a $207,000 pension from the taxpayers this year. The money that is being wasted on these multimillionaires could be put to better use elsewhere such as veterans’ benefits or social security payments for elderly Americans. The unnecessary pension that Obama is collecting is enough to pay full social security benefits for 25 retirees every year.

Here is how a dollar-for-dollar pension reduction should work. If Obama or a former cabinet official earns any money from outside work, that amount should be subtracted from their federal pension. When Obama collects $400,000 for one speech, his federal pension would be reduced to zero. The same goes for Eric Holder and other former Cabinet officials who immediately ran back to Wall Street when Hillary Clinton lost the election.

It is insulting to have to fork over my tax dollars to Barack Obama who clearly does not need the money. Most Americans are currently worried about their own retirement because we do not have a cult of personality to fall back on like Obama and we do not have a big salary on Wall Street. Please support and pass a dollar-for-dollar reduction of federal pensions immediately!

 

 

Taxpayer Relief: Dollar-for-Dollar Pension Reduction for Federal Multimillionaires!

Tell Congress:
Cut Pensions for Wealthy Executive Branch
"Retirees" Like Obama, Holder!

Barack Obama is cashing in on his post-White House celebrity by signing a $65 million book deal and raking in $400,000 per speech on Wall Street.

On top of that money, YOU are paying Obama a pension that amounts to more than $400,000 per year -- money that could be better spent elsewhere!1

All former presidents and cabinet officials are paid exorbitant pensions that in many cases are not needed because they rake in big bucks on Wall Street or working for lobbying firms. The taxpayers deserve relief too!

Obama vetoed a bill last year that would have imposed a dollar-for-dollar reduction on former presidential pensions if they are collecting private sector paychecks. We just need to revive that bill and add former Cabinet officials to it!2

Tell the House Oversight Committee that you support a dollar-for-dollar reduction in federal pensions for former presidents, cabinet officials and Members of Congress whose outside earnings exceed their allotted pension amounts!

 

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