Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Have you hear Jimmy is my name? Everybody's good. This out of the
program brought to you about Dan camplisDan Camplo's Law, a serious firm for
a serious for serious cases. AllRight, I'm gonna go to my next
guest. Will We kind of sentthe table up for the VP of research
for the National Taxpayers Union Demi andBrady as my guest, I want to
(00:22):
set this up here. A littlebit of information that they provided if you
go to go banking rates dot com. The estimated wealth of surviving former presidents.
Jimmy Carter is worth about ten milliondollars. Bill Clinton's worth about one
hundred and twenty million dollars. That'sthat that Clinton foundation really paid off,
didn't George ws who have fifty million? Barack Obama I got a lot of
(00:46):
book deals in Netflix money. That'sseventy million dollars. Donald Trump is worth
about two billion dollars with a B. And the report also is estimating that
Joe Biden's net worth is nine milliondollars. That's not bad for a guy
that's spent years in government service,making less than two hundred thousand bucks of
years of senator or whatever, soI mean, that's that's pretty good investment
(01:08):
right there. But Joe Biden's worthabout nine million dollars. Now, all
these presidents ten soon to be formerpresidents have in common that they receive a
pension when they leave office, andJoe Biden's pension is maybe going to be
higher than the other guy's pension,and it doesn't sound like any of them
need a pension. Please welcome DemianBradley with the National Taxpayer's Union and Demian
(01:29):
Walking to the show. Sir,how are you. I'm well, good
morning hour, Thanks for having meon. Glad to have you here.
First of all, why is justsaid the statement that Joe Biden's pension could
be higher than the other presidents andnone of them seem to need this pension?
I mean that pension. I don'tthink it was envisioned at a time
when these guys were going to becomemulti millionaires out of office. Why was
(01:51):
Joe Biden's pension to be higher though, Yeah, it's an interesting question.
So the presidential pension program was setup for Harry true Ruin because reportedly he
was down on his lock after leavingthe White House, so they wanted to
protect his dignity. So they createdthis program, and you know it's really
antiquated now because presidents will come intooffice wealthy and they leave office with even
(02:15):
more wealth, and they have substantialmeans of earning money in their retirement book
deals, business deals, all sortsof ways. So right now, as
president, Biden gets a salary offour hundred thousand dollars a year, and
he also has served in Congress forforty four years, so there's two different
(02:36):
pension programs that he's going to beable to dip into. Under the Former
President's Act, presidents get a pensionthat's equal to the annual salary of the
Cabinet secretary, So that's about twohundred and forty six thousand dollars in twenty
twenty four, will probably be adjustedupwards next year. And then for spending
forty four years in the Senate,including eight years as vice president, he
(03:00):
gets an additional congressional tension and thatcouldnt him additional one hundred and sixty six
thousand dollars, So he stands toearn more from taxpayers after he leaves the
White House than he gets as presidentright now. So this pension was established,
said I didn't really realize that totake care of old Doamo is like
(03:21):
Harry Truman. And yet it hasjust gone on and on and on.
I mean, you can go backto the seventy you you got Jimmy Carter.
He's worth ten million dollars and I'mguessing he's not spending a lot right
now. So why did they sunsetthis singer? Is anybody interested in in
reviewing it? Or are they afraidof President my veto this? I'll say,
yeah, you're not taking money outof my pocket. Well, that's
(03:43):
kind of what happens a president vetoeda reform effort. So every year,
Senator Jony Ernst has introduced the PresidentialAllowance Modernization Act, and a version of
this in twenty sixteen was passed byboth the House and the Senate. And
what it would have done is limitthe presidential tension to two hundred thousand dollars,
and it would also curtail additional benefitsthat are provided to former presidents.
(04:08):
They also get staffing, they alsoget funding for staffing in an office,
and other missillinous expenses for office expensesand travel. So it would have curtailed
that and President Obama vetoed that justbefore he was set to gain those benefits.
Yeah, the voice of Demian Bradywith National Taxpayers Union, Why do
(04:32):
you think it's important? I knowyou guys put a big press release out
this week and trying to get someattention on this. Why do you bring
us up at this time? Well, it's opportune time. Joe Biden represents
a unique opportunity, or a uniquecircumstance, because he's able to double dip
into both these pensions. And giventhe substantial wealth that politicians gain upon leaving
(04:55):
office, there are to be somelimits on this. Senator Earns bill would
curtail some of the benefits flowing toformer presidents, but you know, you
might want to Congress also might wantto look at preventing double dipping into the
two different pensions programs because taxpayers oughtto be protected, especially when we have
trillion dollar deficits. I'm reading hereNational Taxpayers Union estimates of President Gerald Ford's
(05:18):
congressional pension was worth about one hundredand twenty thousand. HW Bush's congressional pension
was worth about sixty five thousand,and they were also eligible for their presidential
pension. So Joe Biden's not thefirst guy that gets the double dip in
this thing. No, there's afew other circumstances where you've had people serve
enough time in Congress who have accrueda congressional pension in additional to the statutory
(05:44):
presidential pension that they get. ButIan Biden has spent a lot more time
in Congress, and this time isvice president counts towards that also, so
he has amassed a much larger pensionprogram. And also there's a limit under
the program where it can't the totalbenefit it can be more than eighty percent
of your final salary, So hisbase on his higher salary as vice president
(06:06):
compared to what a member of Congresswill get. And there's also a set
aside in there to help pay thespousal portion after widow benefits after the former
president passes away and the widow survives. Wow. Again, Demian Bradley with
the National Taxpayers Union, let himtell you a little bit about National Taxpayers
Union. I'm just still curious aboutthis number in here, that Joe Biden,
(06:28):
who's been in the Congress since likethirty years of age, he's over
eighty now fifty plus years average salaryhas probably been less than less than two
hundred thousand dollars a year for fivedecades or so, and somehow was networth
is estimated at nine million dollars.Demian, can you refer do you know
who does his investing? Because Igot my money in the wrong spot,
(06:48):
I guess are you. There's beenall kinds of news articles trying to speculate
about that and certain business fields goingon. You know, his son has
special arrangement in Ukraine with the BarismaOil company. There's another stories about other
questionable business activities with foreign countries.So it's got quite a lucrative operations.
(07:14):
Evidently it's going well there over inBidenville. And if anybody would like to
explain that to me, feel freeto do so. Hey, Demian,
what is the National Taxpayers Union forthose that are not familiar and how do
they follow the work? Yeah,you can find us at INTU dot org
and we work on behalf of taxpayersand trying to reign in spending and help
reduce taxes to lower the burden ofgovernment on businesses and individuals. Give that
(07:40):
website one more time, Demian.INTU dot org, NTU dot org National
Taxpayers Union, Thanks very much.Isn't that fascinating? Though? The net
worth of all these former presidents.Jimmy Carter, the old peanut farmer,
he's worth about ten million dollars.Bill Clinton, he was pretty much a
small town lawyer and a politician,but he's partlaid that into one hundred and
(08:03):
twenty million dollars. W Bush.W Bush. There was an oil guy
fifty million. Barack Obama now seventy. But he's just a community organizer,
right, Donald Trump, we knowwhat he did real estate two billion dollars.
But that Joe Biden number really standsout in modern time. Nine million
dollar estimated net worth according to gobanking rates dot com. And yet according
(08:26):
to the records, he's only helda public job in the in the in
the Congress, and then the vicepresidency, and somehow parlay that in the
nine million dollars of networth. Gofigure shocking. We got to take a
break here in just a moment.If you want to jump in eight six
six trip eight fifty four to fortynine, your thoughts were going to dive
(08:46):
in the next hour into the storyof Kimberly Cheatle and that disgraceful and disgusting
testimony yesterday before a House Oversight Committee. This House Overside Committee usually doesn't get
along very well. This is theoversight committee that has been looking into Hunter
Biden and the Biden family business thathas brought about that nine million dollars in
(09:07):
network. But yesterday that that committeecame together and they were singing the same
song, same verse, in thesame key. I mean, I thought
I thought they were going to holda big lighter in the hands and wave
it in the air and sing KumbaiYa. That's it was amazing. Kimberly
Cheatle, what's she covering up?As she just her own incompetence or something
darker. We'll talk about it nexthour the show, but stand by,
(09:31):
there's more to come. Six hundredcac well
Have you hear Jimmy is my name? Everybody's good. This out of the
program brought to you about Dan camplisDan Camplo's Law, a serious firm for
a serious for serious cases. AllRight, I'm gonna go to my next
guest. Will We kind of sentthe table up for the VP of research
for the National Taxpayers Union Demi andBrady as my guest, I want to
(00:22):
set this up here. A littlebit of information that they provided if you
go to go banking rates dot com. The estimated wealth of surviving former presidents.
Jimmy Carter is worth about ten milliondollars. Bill Clinton's worth about one
hundred and twenty million dollars. That'sthat that Clinton foundation really paid off,
didn't George ws who have fifty million? Barack Obama I got a lot of
(00:46):
book deals in Netflix money. That'sseventy million dollars. Donald Trump is worth
about two billion dollars with a B. And the report also is estimating that
Joe Biden's net worth is nine milliondollars. That's not bad for a guy
that's spent years in government service,making less than two hundred thousand bucks of
years of senator or whatever, soI mean, that's that's pretty good investment
(01:08):
right there. But Joe Biden's worthabout nine million dollars. Now, all
these presidents ten soon to be formerpresidents have in common that they receive a
pension when they leave office, andJoe Biden's pension is maybe going to be
higher than the other guy's pension,and it doesn't sound like any of them
need a pension. Please welcome DemianBradley with the National Taxpayer's Union and Demian
(01:29):
Walking to the show. Sir,how are you. I'm well, good
morning hour, Thanks for having meon. Glad to have you here.
First of all, why is justsaid the statement that Joe Biden's pension could
be higher than the other presidents andnone of them seem to need this pension?
I mean that pension. I don'tthink it was envisioned at a time
when these guys were going to becomemulti millionaires out of office. Why was
(01:51):
Joe Biden's pension to be higher though, Yeah, it's an interesting question.
So the presidential pension program was setup for Harry true Ruin because reportedly he
was down on his lock after leavingthe White House, so they wanted to
protect his dignity. So they createdthis program, and you know it's really
antiquated now because presidents will come intooffice wealthy and they leave office with even
(02:15):
more wealth, and they have substantialmeans of earning money in their retirement book
deals, business deals, all sortsof ways. So right now, as
president, Biden gets a salary offour hundred thousand dollars a year, and
he also has served in Congress forforty four years, so there's two different
(02:36):
pension programs that he's going to beable to dip into. Under the Former
President's Act, presidents get a pensionthat's equal to the annual salary of the
Cabinet secretary, So that's about twohundred and forty six thousand dollars in twenty
twenty four, will probably be adjustedupwards next year. And then for spending
forty four years in the Senate,including eight years as vice president, he
(03:00):
gets an additional congressional tension and thatcouldnt him additional one hundred and sixty six
thousand dollars, So he stands toearn more from taxpayers after he leaves the
White House than he gets as presidentright now. So this pension was established,
said I didn't really realize that totake care of old Doamo is like
(03:21):
Harry Truman. And yet it hasjust gone on and on and on.
I mean, you can go backto the seventy you you got Jimmy Carter.
He's worth ten million dollars and I'mguessing he's not spending a lot right
now. So why did they sunsetthis singer? Is anybody interested in in
reviewing it? Or are they afraidof President my veto this? I'll say,
yeah, you're not taking money outof my pocket. Well, that's
(03:43):
kind of what happens a president vetoeda reform effort. So every year,
Senator Jony Ernst has introduced the PresidentialAllowance Modernization Act, and a version of
this in twenty sixteen was passed byboth the House and the Senate. And
what it would have done is limitthe presidential tension to two hundred thousand dollars,
and it would also curtail additional benefitsthat are provided to former presidents.
(04:08):
They also get staffing, they alsoget funding for staffing in an office,
and other missillinous expenses for office expensesand travel. So it would have curtailed
that and President Obama vetoed that justbefore he was set to gain those benefits.
Yeah, the voice of Demian Bradywith National Taxpayers Union, Why do
(04:32):
you think it's important? I knowyou guys put a big press release out
this week and trying to get someattention on this. Why do you bring
us up at this time? Well, it's opportune time. Joe Biden represents
a unique opportunity, or a uniquecircumstance, because he's able to double dip
into both these pensions. And giventhe substantial wealth that politicians gain upon leaving
(04:55):
office, there are to be somelimits on this. Senator Earns bill would
curtail some of the benefits flowing toformer presidents, but you know, you
might want to Congress also might wantto look at preventing double dipping into the
two different pensions programs because taxpayers oughtto be protected, especially when we have
trillion dollar deficits. I'm reading hereNational Taxpayers Union estimates of President Gerald Ford's
(05:18):
congressional pension was worth about one hundredand twenty thousand. HW Bush's congressional pension
was worth about sixty five thousand,and they were also eligible for their presidential
pension. So Joe Biden's not thefirst guy that gets the double dip in
this thing. No, there's afew other circumstances where you've had people serve
enough time in Congress who have accrueda congressional pension in additional to the statutory
(05:44):
presidential pension that they get. ButIan Biden has spent a lot more time
in Congress, and this time isvice president counts towards that also, so
he has amassed a much larger pensionprogram. And also there's a limit under
the program where it can't the totalbenefit it can be more than eighty percent
of your final salary, So hisbase on his higher salary as vice president
(06:06):
compared to what a member of Congresswill get. And there's also a set
aside in there to help pay thespousal portion after widow benefits after the former
president passes away and the widow survives. Wow. Again, Demian Bradley with
the National Taxpayers Union, let himtell you a little bit about National Taxpayers
Union. I'm just still curious aboutthis number in here, that Joe Biden,
(06:28):
who's been in the Congress since likethirty years of age, he's over
eighty now fifty plus years average salaryhas probably been less than less than two
hundred thousand dollars a year for fivedecades or so, and somehow was networth
is estimated at nine million dollars.Demian, can you refer do you know
who does his investing? Because Igot my money in the wrong spot,
(06:48):
I guess are you. There's beenall kinds of news articles trying to speculate
about that and certain business fields goingon. You know, his son has
special arrangement in Ukraine with the BarismaOil company. There's another stories about other
questionable business activities with foreign countries.So it's got quite a lucrative operations.
(07:14):
Evidently it's going well there over inBidenville. And if anybody would like to
explain that to me, feel freeto do so. Hey, Demian,
what is the National Taxpayers Union forthose that are not familiar and how do
they follow the work? Yeah,you can find us at INTU dot org
and we work on behalf of taxpayersand trying to reign in spending and help
reduce taxes to lower the burden ofgovernment on businesses and individuals. Give that
(07:40):
website one more time, Demian.INTU dot org, NTU dot org National
Taxpayers Union, Thanks very much.Isn't that fascinating? Though? The net
worth of all these former presidents.Jimmy Carter, the old peanut farmer,
he's worth about ten million dollars.Bill Clinton, he was pretty much a
small town lawyer and a politician,but he's partlaid that into one hundred and
(08:03):
twenty million dollars. W Bush.W Bush. There was an oil guy
fifty million. Barack Obama now seventy. But he's just a community organizer,
right, Donald Trump, we knowwhat he did real estate two billion dollars.
But that Joe Biden number really standsout in modern time. Nine million
dollar estimated net worth according to gobanking rates dot com. And yet according
(08:26):
to the records, he's only helda public job in the in the in
the Congress, and then the vicepresidency, and somehow parlay that in the
nine million dollars of networth. Gofigure shocking. We got to take a
break here in just a moment.If you want to jump in eight six
six trip eight fifty four to fortynine, your thoughts were going to dive
(08:46):
in the next hour into the storyof Kimberly Cheatle and that disgraceful and disgusting
testimony yesterday before a House Oversight Committee. This House Overside Committee usually doesn't get
along very well. This is theoversight committee that has been looking into Hunter
Biden and the Biden family business thathas brought about that nine million dollars in
(09:07):
network. But yesterday that that committeecame together and they were singing the same
song, same verse, in thesame key. I mean, I thought
I thought they were going to holda big lighter in the hands and wave
it in the air and sing KumbaiYa. That's it was amazing. Kimberly
Cheatle, what's she covering up?As she just her own incompetence or something
darker. We'll talk about it nexthour the show, but stand by,
(09:31):
there's more to come. Six hundredcac well
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