Posted on 12/17/2011 2:00:04 AM PST by Cincinatus' Wife
I'd say it is a pretty sweet deal in Texas. He had some sort of incentive to start drawing. Reports suggest tax planning. He also may have decided to retire to lock in his rate before it decreases if using money purchase calculations.
In the case of Perry, I don't find his total compensation package particularly outrageous for being governor and a career politician even with the double dipping.
There's a very good reason the Founders put that contracts clause in the Constitution.
Here's the deal ~ when you whack away at my retirement (which, for all intents and purposes I actually paid for), that's an EXTRA TAX that you are not applying to everyone else.
You whack at my retirement I get to rob your house, steal your car, loot your bank account and sell your chillun's for slavery in Riyadh.
Right?!
Oh, I wasn't thinking of breaking contracts. I was thinking about a special surtax on Fed retirement benefits. The power to tax is the power to destroy, they say. Or maybe just give you IOU chits.
You whack at my retirement I get to rob your house, steal your car, loot your bank account and sell your chillun's for slavery in Riyadh.
With that sentence one would think a light bulb has popped in your head.
But I doubt it.
Think whatever you think. Your intention is to violate the Constitution itself, and that’s an act of war.
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