April 8, 2015

If Biden Thinks He Makes Too Much, He Should Donate

It’s funny how the meaning of $200,000 differs from one politician to the next. For the Clintons, $200K is a pittance, a discounted speaking gig for Hillary. But for Joe Biden, that amount is almost too much, probably because he’s echoing his boss’ mantra about “middle-class economics.” During an appearance at the Department of Housing and Urban Development, Biden said, “I make a lot of money now as vice president — I make a lot of money. When the president was thanking everyone for the sacrifices they made when they got us all in the Blair House — after he took office — and the financial sacrifices they made, he looked at me and said, ‘Except for Joe, he’s getting a pay raise.’” Biden needs it. According to the Washington Free Beacon, Biden doesn’t have a savings account. He never invested in stocks. His mismanagement of finances is a good reason no one should take financial advice from him. But when he leaves office and its $230,700-a-year salary, Biden will receive a pension of about $200,000 a year for life. If he thinks that’s too much, maybe he could do a bit better than the $369 annual average he gave to charity over a decade. More…

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