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December 29, 2012 1:00 PM Don’t Worry - Dick Armey Will Be Okay!

By Jesse Singal

By now most of you have probably read the Washington Post’s Wild West account of how Dick Armey tried to seize control of FreedomWorks with an armed militia formed from K Street roustabouts (or something).

ABC News has the followup:

Former House majority leader Dick Armey says he took an $8 million consulting deal in return for leaving the conservative organization FreedomWorks because the group was “dishonest” and because he “couldn’t leave with empty pockets.”
The arrangement, he says, will allow him to “never have to work again forever.”
In an interview with ABC News as he was winding down his Wii Fit workout, Armey spoke frankly and at length about his dispute with FreedomWorks, his eyebrow raising consulting contract, and the strategy of the Republican Party.
Under the terms of the deal, Armey will receive $400,000 a year until he is 92 - a total of $8 million - to be a consultant for Stephenson.
“I can talk about economics because I am an economist,” Armey said. “I can talk about what’s going on on the Hill, in politics, who’s a winner, who’s a loser, things of that nature.”

For some reason, I can’t help but find the image of Armey working out on a Wii Fit hilarious. I’m also looking forward to DC finally having someone willing to discuss the tough issues like “who’s a winner, who’s a loser, things of that nature.” We definitely don’t have enough of that sort of talk at the moment.

But most of all, I’m relieved. I for one am going to sleep much easier this weekend knowing that despite the FreedomWorks turbulence Dick Armey has acquired a parachute (made of money) to guide him to a soft landing (into a lake of money).

Jesse Singal is a former opinion writer for The Boston Globe and former web editor of the Washington Monthly. He is currently a master's student at Princeton's Woodrow Wilson School of Public and International Policy. Follow him on Twitter at @jessesingal.

Comments

  • biggerbox on December 29, 2012 1:35 PM:

    I'm still trying to figure out how someone can speak "at length" about anything while "winding down" a Wii Fit workout. How long IS Armey's workout? How does he fit lengthy comments into the end of it?

    I think it's oddly appropriate that he does a Wii workout. Doing a workout on Wii compares to a real workout the way FreedomWorks compares to a real grassroots organization. There are many similar motions, but it all takes place on TV.

  • Mudge on December 29, 2012 1:55 PM:

    I'd love to know the tax setup on that "annuity". I also wonder if the Republicans' attempt to set a $400,000 limit for the lowering the expiring Bush tax rates has any relationship to it..

  • RepubAnon on December 29, 2012 1:58 PM:

    Here's a Republican claiming to be fiscally responsible who, at 72 years of age, hadn't saved enough money to retire despite a massive salary and perqs?

    I guess it depends upon what one considers a "comfortable" retirement. Dick's getting more each year than many people are able to save in their entire lives.

  • T2 on December 29, 2012 2:09 PM:

    If the rancid human specimen named Dick Armey doesn't perfectly represent a Republican, I don't know who could.

  • c u n d gulag on December 29, 2012 2:10 PM:

    A guy walks into a bank, with another guy who's got a gun, and walks off with $8 million, after they lookf, and catch him, is doing a long, long stretch in the hoozegow.
    rAnd ex-politician, and co-founder of a political organization, walks into that organization's office, with another guy who's got a gun, and walks off with an $8 million deal, the only people looking for him, are there to congratulate him - on being savvy.
    (Hopefully, also a grifter or two, determined to part this @$$hole from his money. Now, wouldn't THAT be Karmic?).

    The problem with armed robbers, is that they think too small.

    Go to college, get a degree, run for office, and win, and the world will be you oyster, with people handing pearls to you every damn day!

  • exlibra on December 29, 2012 3:34 PM:

    This being an annuity rather than a lump sum of 8mil, Freedom Works has a vested interest in Armey never seeing his 75th b-day, never mind his 91st. Just sayin'

  • Rick B on December 29, 2012 5:11 PM:

    Dick Armey is already receiving Federal retirement through Federal Employees Retirement System (FERS) based on his pay rate and years of service in Congress. He will also receive the maximum Social Security Retirement benefit, which I seriously doubt that he took the reduced pre-age 65 amount to lower that benefit. On top of that he will receive a sizeable retirement for his many years holding a salaried job at North Texas State University (not teaching - propagandizing libertarian crap.)

    I'd bet these together already conservatively total between $100,000 and $200,000 per year. Not bad for a government employee. Now the Cancer Cure Quack will hand him $400,000 a year more for his opinion.