Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: ConservativeMind

Somebody better tell the Constitution, it’s got the Treasury Secretary 5th in the Presidential line of Succession. :-)

It scares me how ignorant some people are, and how these ignorant people can get a lot of other people to believe what they say.

The Treasury Secretary is a cabinet official, one of the oldest cabinet officials (which is why the position is 5th in succession). Alexander Hamilton was the first Treasury Secretary, under George Washington.

My guess is that Geithner says “your government” because he is just as embarrased as the rest of us about what Obama is doing.


10 posted on 12/01/2009 3:26:01 PM PST by CharlesWayneCT
[ Post Reply | Private Reply | To 1 | View Replies ]


To: CharlesWayneCT; centurion316
(d) Compensation for services
(1) No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor, executive director, councillor, alternate, or associate.
(2) The United States executive director of the Fund shall not be compensated by the Fund at a rate in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5. The United States alternate executive director of the Fund shall not be compensated by the Fund at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 5316 of title 5.


My guess is that, reading between the two legal references above, the Secretary of the Treasury does not get paid by the government but is allowed to be paid from the general fund that is managed by the FED and its entities, but only paid to the amount that is under a "level IV" pay grade.
17 posted on 12/01/2009 3:38:54 PM PST by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson