VEEP is not really an acronym. Its simply a phonetic spelling, including vowels, of VP as if VP was an acronym to be pronounced as one word. (VP for vice president).
Vice President
"veep" is a vocalization of the letters v.p., which stand for vice-president
George Clinton was the Veep in 1806.
Alben Barkley received that name from his grandson.
"VEEP" from sounding out the letters in V.P.
In 1789 George Washington became president and John Adams the veep.
Chester A. Arthur was the Veep and became president after Garfield died.
The position of President of the Senate is held by the Vice President of the United States. The slang term for the Vice President is Veep.
Vice- President Joseph Biden was a US Senator from Delaware before he became the Veep.
Spiro Agnew was Vice President from 1969-1973 under President Richard Nixon .
Alben Barkley from KY was Truman's Veep.
James S. Sherman was the veep under Taft in 1909.