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Former President Barack Obama is about to become the most expensive ex-president, costing taxpayers $1,153,000 next year, according to a new Congressional Research Service memo looking at the official allowances for the five living former chief executives.
His $1,153,000 budget request for 2018 is more than $100,000 higher than George W. Bush’s request for next year and nearly $200,000 more than Bill Clinton’s expected budget. George H.W. Bush is slated to get $942,000, while Jimmy Carter will get less than half that, at just $456,000.
Every former president gets an office, expenses and, in some cases, an annual pension payment, thanks to a 1950s-era law enacted after former President Harry S. Truman struggled for income when he left the White House in 1953.
...
Mr. Obama’s pension payment is also the highest, at $236,000. Mr. Clinton is second with $231,000, followed by the younger Mr. Bush at $225,000, the CRS memo says, citing figures from the General Services Administration, which administers the 1958 Former Presidents Act.
Doesn't he have a $60M dollar book deal?
Talk about a rule that has outlived it's usefulness.
Can you see Trump taking a pension and a yearly budget when he is done? That would be 3 months minimum of programming on MSNBC.
I thought he was a communist who hated America? Seems like he's cashing in like any American. Unfortunately there's a lot of money to be made in the revolving public to private sector door.
Can you see Trump taking a pension and a yearly budget when he is done?
Yes. Trump never passes on an opportunity to take other people's money, even when he has plenty of his own money. He's using campaign donations to pay for his attorneys and for attorneys for his family members related to RussiaGate. There's no way he'll turn down a pension and a budget. No way.
Yes. Trump never passes on an opportunity to take other people's money, even when he has plenty of his own money. He's using campaign donations to pay for his attorneys and for attorneys for his family members related to RussiaGate. There's no way he'll turn down a pension and a budget. No way.
You do know he is donating his salary after it was determined that he is mandated to take it, right?
EVERY new ex-president becomes more expensive than the previous ones, simply because the cost of providing security for ex-presidents goes up over time.
EVERY new ex-president becomes more expensive than the previous ones, simply because the cost of providing security for ex-presidents goes up over time.
just face it, Obama sold out to wall street in 09 and is now reaping the benefits.
just face it, Obama sold out to wall street in 09 and is now reaping the benefits.
And this would be related to this thread how? Is Wall Street controlling the White House budget or...?
I think we need to put a cap on how much we support ex presidents. ANY support beyond $500k, not including pension (being generous here), is absurd. That being said, I think we also need to limit security costs for the children of presidents... no taxpayer-subsidized security when you go out of the country on your own business. Rent your own security.
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