forgorthey/them
More sad are these we daily see: βThey do it, for free.β
peepeehands 1mo ago#7234285
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Wasn't truman struggling financially after he left office so congress passed a gibsmedat law for ex presidents? Or was he faking it for free taxpayer gibs
!historychads, that was a scam. Truman was plenty wealthy post-Presidency. He was, however, stone-cold broke back when he was a Senator.
During the 12 years prior to his election to the Senate, Truman served as a county administrative judge, at a salary of $3,500 per year. The great advantage of this position for Truman, still struggling with the debt from the failed business, was that his government salary could not be garnished by creditors.
Truman did make $10,000 per year as a senator throughout his 50s, which was a very large salary at the time β but during these years he also incurred very high expenses. He lived in a pricey Washington neighborhood; he maintained a residence back in Missouri; he was the sole financial support for his aged mother and unmarried sister; he sent his daughter to an expensive private college; and he helped ameliorate from time to time the financial problems of some of his wife's impecunious relatives.
The result was that, when Franklin Roosevelt was considering replacing Henry Wallace as his vice-president with Truman in 1944, Truman's entire net worth consisted of about $2,500 in a bank account and likely the $5,000 in savings bonds he reported two years earlier. He owned no real estate, or, apparently, any stocks or other investments. A 60-year-old man whose only remunerative activity for the past 20 years had been holding elective office, Truman was, in retrospect, in some danger of facing genuine financial distress should his political career have come to a sudden end, as it could have quite easily had FDR not chosen him. (Truman was facing a tough Senate reelection campaign in 1946, which turned out to be a wave election for Republican candidates.)
For reference, $7,500 in January 1945 is equivalent to ~$130,000 today. Tim Walz is pretty darn poor for a 60-year-old man, especially one who spent twelve years in Congress and six in the Governor's Mansion, but he's still richer than Truman was.
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ok this is funny lol
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Wasn't truman struggling financially after he left office so congress passed a gibsmedat law for ex presidents? Or was he faking it for free taxpayer gibs
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!historychads, that was a scam. Truman was plenty wealthy post-Presidency. He was, however, stone-cold broke back when he was a Senator.
For reference, $7,500 in January 1945 is equivalent to ~$130,000 today. Tim Walz is pretty darn poor for a 60-year-old man, especially one who spent twelve years in Congress and six in the Governor's Mansion, but he's still richer than Truman was.
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He's a broke butt BIPOC for doing broke butt neighbor shit.
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Wait, what are we seeing is Walz's net worth?
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