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Two freshman Republican senators are trying to end taxpayer-funded pensions for members of Congress.
Senators Mike Braun of Indiana and Rick Scott of Florida announced the End Pensions In Congress Act on Tuesday.
“Pensions are kind of an archaic thing,” said Braun in an interview with Yahoo Finance. “Here in government, I think it’s a great example of where it’s a remnant of the way things used to be. Most people [outside of Congress] don’t get them anymore.”
According to a 2017 report from the Congressional Research Service, members of Congress are eligible for a pension at age 62 if they have served for at least five years. Members qualify for a pension at age 50 if they’ve completed 20 years of service, and members of any age can receive a pension after 25 years of service.
The size of the pension depends on years of service and the average of the highest three years of salary.
“I think it’s time for that to go, especially when you look at the performance that both Congress and senators have provided over the last few decades. It’d be not only symbolic – it just shouldn’t be a perk that’s there in anymore,” said Braun.
On the surface this sounds good. But wait, there’s more!
Braun has a net worth between $35 and $96 million according to financial disclosure documents in 2018. (I guess he had trouble telling just how much he had.)
Scott’s net worth is listed at $255 million. It should be noted that his company was investigated for Medicare fraud and fine $840 million.
So if Braun and Scott want to voluntarily forgo their pension or even their salary, that’s fine. But for multimillionaires to say that individuals like Ocasion-Cortez, Omar, Tlaib and other non millionaires should give up their pensions is saying that in their capacity as executives of our government they aren’t worth paying a comparable wage in the private sector with benefits that would be quite normal. . . well that’s just wrong.
What this proposal does is take a step toward saying one his to be quite rich to run for a position in government.
We’ve got enough millionaires like Scott who made his money defrauding Medicare and Trump who virtually ripped off everyone he did business with in our government. We don’t need to confine Representatives, Senators and Presidents to people like that. We need more people from the grass roots.
". . . those who claim to know the Mind of God, who will tell you what God thinks and how He will judge and condemn others—those people are the greatest of all blasphemers." Aloysius Xingu Leng Pendergast
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