It’s not something that most people are aware of, but it goes a long-ways toward explaining why the Dems are so anxious to bring the Trump Impeachment II to conclusion.
Here’s the part we find ourselves noodling:
(3 U.S.C. § 102 note)
(a) Each former President shall be entitled for the remainder of his life to receive from the United States a monetary allowance at a rate per annum, payable monthly by the Secretary of the Treasury, which is equal to the annual rate of basic pay, as in effect from time to time, of the head of an executive department, as defined in section 101 of title 5, United States Code [section 101 of Title 5]. However, such allowance shall not be paid for any period during which such former President holds an appointive or elective office or position in or under the Federal Government or the government of the District of Columbia to which is attached a rate of pay other than a nominal rate.
At current rates, Donald would be paid $219,200 a year (2020 figures – they’re adjusted for inflation) and Melania could get $20,000 a year.
So far, so good.
Oh…there’s also a crash pad if they need it:
“The Presidential Townhouse is a U.S. government-owned building located at 716 Jackson Place NW in Washington, D.C., reserved for the exclusive use of former presidents of the United States during visits to the capital. Purchased by the government in the late 1950s and used for various purposes, it became the Presidential Townhouse in 1969 by order of President Richard Nixon. The furnishings were very sparse until it was refurbished using private funds during the administration of President George W. Bush. The five-story building includes two dining rooms, multiple bedrooms, and space for a Secret Service detail in the basement.”
Mar a Lago back-up?
But Now Read This…
Here’s why the Dems have the bum’s rush on to get everything done before Biden takes the Oath. From Wikipedia:
By law, former presidents are entitled to a pension, staff and office expenses, medical care or health insurance, and Secret Service protection. These entitlements only apply if the former president was not removed from office by impeachment or other Congressional actions.”
What we think the media has done is generally fail to underscore this part of the Deep Swamp’s Revenge efforts.
You see, in technical legalistic terms, if Trump can remain in the Oval until time’s up, and the Impeachment isn’t done by Noon next Wednesday, then whatever happens will not be a technical “…removed from office…”
Our Take? Like him, or not, going after a man’s wallet after 4-years a work, doesn’t seem like particularly the “High road” nor “Fair play.”
Since newly elected lawmakers took office January 3 (so says the Constitution) it will be interesting to watch the scramble in the Senate to keep Impeachment from being sustained.
If it is? There goes the townhouse/crash pad. There goes the retirement plans. And if you’re a former real estate developer with angry people coming after you on all fronts, the loss of financial resource could be a major issue. Lawyers like to get paid.
OH…did I mention most people in politics are plain mean-spirited? We stopped all political contributions when corporate giving topped citizen funding and that was, gosh, 20 or 30-years ago, wasn’t it?
Happy Talk – Seasonally Adjusted
OK, out comes the weekly new unemployment filings.
As we’ve been squealing around here, there’s a major Lie to behold in the application of “seasonal adjustments.” Because the whole “Big Lie” is that while “seasonal adjustments” should “level-out seasons” – they are, in point of fact, twisted up such that they can deliver any kind of message desired.
Here’s how today’s report looks. I have circled the Big Lie number and highlighted in Yellow the ACTUAL.
Idiotic “financial reporters” who fail to question the obvious will parrot the 965,000 figure; laughable saps they are. Fact is almost half a million more were on unemployment this week: 474,180 more people. Slow Joe and Calamity Kam will save us, I’m just sooo sure.
We are perfectly correctrolling with NSA numbers. Because the number of claims that will be paid is based on ACTUAL – not on lies told to stupid people and reported to button-pressing phone apes.
More Data? Sure!
Import-Export Prices is just out, too:
“U.S. import prices advanced 0.9 percent in December, the U.S. Bureau of Labor Statistics reported today, following a 0.2-percent increase the previous month. Higher fuel and nonfuel prices both contributed to the
December rise in import prices. Prices for U.S. exports also rose in December, advancing 1.1 percent, after increasing 0.7 percent in November.”
Sitting down? Annualize that 0.9% advance in December and it pushes out to an annual rate of 11.35 percent rate of inflation. Which is why we have been screaming to anyone who will listen “Buy the shit you need while you can still afford it!!!” No one listens, of course, but at least we tried…
Be sure and visit tomorrow morning when we’ll offer up Retail (sales) detail, along with PPI (and E-I-E-I-owe), alongside the Empire State data. And that will set up the Federal (missing) Reserve’s Industrial Production and Utilization report just ahead of the mania bell.
We should remind all that in addition to the “hot dates” next week, based on long-term social cycle counts described in Peoplenomics Wednesday, there’s also the Martin Luther King Day market closure Monday. Might be worth clicking by to see if I can still spell the words “d-a-y o-f-f.” Doubtful, though.
We can’t help but remind you of our position on cryptos:
- Mining is an anti-human waste of energy.
- They drive climate change.
- They are nothing more than made-up numbers.
- Quantum computing will obsolete them.
- They require “greater fools” to have any value.
Oh, and when governments finally adopt blockchain technology, there is no reason for ANY government to accept money they didn’t make up.
Think Ure is off on this? Better read “ECB’s Lagarde Calls For Global Regulation Of “Reprehensible” Bitcoin.” Wonder where she got that idea?
Pays to keep passwords safe, too: Bitcoin: Newport man’s plea to find £210m hard drive in tip.
Catches Our Eye
The evidence must be gone now: China finally lets WHO into Wuhan to probe COVID-19 origins.
Shot Power? Vaccinated Russians in Far East Promised Mask Exemption. And, my-oh-my, is this why Bill Gates got involved in CV-19? OH, of course not….er….but….Microsoft, Oracle and Salesforce join a push for digital vaccination credentials.
Our investment tip of the week: No $550M Powerball jackpot winners pushes prize to at least $640M. Buy a ticket! Tipping the house is fine with us…
Snow’s gone from our East Texas ‘blizzard of ’21’ earlier this week. Someone else’s turn now: Blizzard will bring heavy snow and strong winds to Upper Midwest.
Let’s see: Holiday Monday. If you have to work, so sorry. Us, too.
Q4 IRS estimated taxes due to mail today or tomorrow.
Peoplenomics this weekend takes up on the technical side of the UAP/UFO data release that is making headlines all over the place…
And just after the morning’s worth of data dump, the Dow futures were STILL up 84 points. Power of Prozac, baby! Near as we can figure it, close enough to proof that anti-gravity has already been discovered. Yeah, there is that…
Write when it makes sense,