Reply
Fri 30 Jul, 2004 05:25 pm
Ah, poor dear, I wonder how he thinks the rest of us middle class citizens can afford to send out children to college on far less income. ---BBB
Weary Ridge May Step Down
WASHINGTON, July 30, 2004
CBS News
Homeland Security Secretary Tom Ridge is considering stepping down after the November election, telling colleagues he is worn out from the massive reorganization of government and needs to earn money in the private sector to put his teenage children through college, officials said.
Ridge will not make a final decision until he talks to President George W. Bush later this year and is focused on thwarting the terror attacks that officials fear al Qaeda will attempt before November, Assistant Homeland Secretary Susan Neely said.
"Secretary Ridge is focused entirely on the job the president has asked him to do," Neely said Wednesday.
Several senior Homeland Security officials told The Associated Press that Ridge has indicated in recent weeks he probably will resign after the election, even if Bush wins. They spoke only on condition of anonymity, citing the delicate nature of describing private conversations with their boss.
Ridge, 58, has explained to colleagues that he needs to earn money to comfortably put his two children, Tommy Jr. and Lesley, through college, officials said. Both are now teenagers. Ridge earns $175,700 a year as a Cabinet secretary.
The former Pennsylvania governor, who agreed to serve as the department's inaugural secretary, also has expressed to colleagues frustration over the continuing challenges of reorganizing the 22 disparate agencies that formed the Homeland Security Department, officials said.
One senior official said Ridge has cautioned that his plans, while leaning toward resignation, could be changed by coming events, such as another terror attack or a discussion with the president.
On a plane flight from Boston this month after viewing security preparations for the Democratic National Convention, Ridge addressed his future carefully. "The job is going great ?- personally," he said. "When the president is re-elected, he'll have conversations to determine what he wants and what his Cabinet members want."
When asked if he was worn out, Ridge said: "I am not authorized to be stressed."
Congress and the independent commission that investigated the 2001 terror attacks have criticized elements of the fight against terror ?- from intelligence cooperation and the color-coded warning system to the delayed deployment of a more advanced airline screening system for passengers.
Ridge has personally faced criticism over frequent but vague public warnings about possible terrorist activity, and he was widely ridiculed last year for urging homeowners to stock up on duct tape and plastic sheeting to seal themselves inside during a chemical or biological attack.
Republicans are quick to note that the administration also has not suffered another terror attack on U.S. soil in the three years since Sept. 11, 2001, while undertaking the largest reorganization of government in a half century.
Ridge has spent decades in public service and has relatively little savings from his lengthy career in government. When Ridge left Pennsylvania as governor, where he served from 1995 to 2001, he was earning USUS$138,316 each year.
Ridge owns an $873,000 home in Bethesda, Maryland, with his wife, Michele, which they bought last year with a $784,800 mortgage, according to property and banking records. Ridge's most recent financial disclosure reports, filed in early 2003, showed that he owned between $122,000 and $787,000 in stocks and funds, including modest ownership in The Walt Disney Co., General Electric, Nike, Oracle Corp. and Microsoft Corp.
By contrast, government officials at Ridge's level can easily earn millions of dollars each year in the private sector.
The Homeland Security Department, formed in March 2003, is composed of organizations from agencies that included the Immigration and Naturalization Service, Customs Service, Coast Guard, Secret Service and the Transportation Security Administration. It has a budget of $36.2 billion and more than 180,000 employees
My mom and dad sent 4 and a 5th on the way on maybe about a third of what Ridge makes.
Now I'll concede 4 of us went to a state school (Penn State Beherend in Erie for my kid brother, and my two sisters and I attended
Youngstown State, though I started at Rochester Inst. Tech).
Never mind this garbage about not bring able to afford to send his kids to school. Where do I get an application for his job. I could stand to make over 100,000 dollars a year.
Re: Weary Ridge May Step Down; needs money for kid's college
Quote:Ridge owns an $873,000 home in Bethesda, Maryland, with his wife, Michele, which they bought last year with a $784,800 mortgage...
... showed that he owned between $122,000 and $787,000 in stocks and funds...
[/b]
A) That's quite a gap between 122,000 and 787,000.
B) For the high level positions he's held, Ridge is not in that great a financial shape.
perfect example of how the bushinc inner circle is totally out of touch with the real world.......can't afford to send his kids to college my ass....
First, I don't know if the college thing is an excuse or not. Ridge is taking a lot of heat.
Let me start off by saying that I am not putting on airs, I do not make anywhere near $175,000 a year. Nevertheless, I'm gonna get hammered for this, but here goes.
If I were Ridge, or a close friend of Ridge, I would tell him to go into the private sector pronto.
If you have a high level position in politics, the opportunities are there to turn them into multimillion dollar jobs in the private sector when you retire. I believe you will see that many public people take time off in the private sector, build up some money, invest in stocks and then move back into the private sector. When they retire from public service, they have a wad.
Ridge has never done this. I assume his kids are probably excellent students, and able to get into good colleges. Well, the tuition and room & board at Harvard is $38,000 a year. If he has several kids, and they all go to good colleges-let's just say the former Pennsylvania Governor and Homeland Secretary shouldn't have to rely on scholarships to send his kids to college!
People who have held the kind of jobs Ridge has held generally have a lot of milllions stashed away by now. Oh, I am sure he gets pensions from his old jobs and he'll never really be broke, but his financial situation does not look that rosy. Seriously.
At the age of 58, facing college tuitions and retirement shortly after, if I were Ridge and I had his options, I would go into the private sector and grab the millions. He's got maybe five years left before retirement?
I agree with your assessment, but to thow out a "I can't afford to send my kids to college" line with his income and a three quarter million dollar home AND a portfolio AND free benefits.....well I can't imagine that reverberating very well with Joe Lunchbox....if nothing else a politically unastute
thing to do......
Certainly no shame in working the system and going to the private sector to make money in and of itself....
Looks like another lame excuse like Tenet's for a resignation deal in a private room.