In this day and age, the White House is more like a road to wealth and prestige, rather than a solemn duty. It seems like people enter politics, hoping to reach the highest office of the land, merely for the many perks the job brings.
Former Presidents earn a generous salary while in office and a variety of benefits–including a pension–well after they leave office. Despite their job performance, a former President can count on a lucrative lifestyle, forever. Just think about that: Obama will live high off the hog, on your tax dime, for the rest of his life.
Now, if Congress has anything say about, former Presidents, including little ol’ Barry, will be feeling the pinch.
From Joni Ernst:
Today, U.S. Senator Joni Ernst’s (R-IA) Presidential Allowance Modernization Act of 2017 passed unanimously out of the Senate Committee on Homeland Security and Governmental Affairs and now awaits full Senate consideration. This legislation reforms the outdated system that provides former U.S. Presidents with post-presidency benefits by establishing first-ever limits on the taxpayer support they receive…
Currently, under the Former Presidents Act, former presidents receive a generous pension as well as a monetary allowance to cover expenses such as travel, staff, communications, and office space – all funded by taxpayers. Nowadays, with former presidents earning millions of dollars through a myriad of lucrative opportunities, the Former President’s Act should be updated to take into account the modern financial standing of former presidents.
U.S. Congressman Jody Hice (R-GA) introduced the companion legislation to the Presidential Modernization Act of 2017 in the U.S. House of Representatives, which passed unanimously out of the House Committee on Oversight and Government Reform on September 13, 2017.
Senator Ernst first introduced the bipartisan and bicameral Presidential Allowance Modernization Act on May 21, 2015. After passing both the U.S. Senate and House of Representatives with unanimous support, it was ultimately vetoed by President Obama.
Why am I not surprised Obama vetoed this bill while in office? Not something the fake news industry reported on, did they? I guess Obama wanted to protect that fat pension he would receive after leaving office.
But does he and other former presidents need all those benefits? Outside of obvious security measures, do they require all those tax-funded perks? Former Presidents often make big bucks after leaving office, due to lucrative book deals and appearances. We all know how much the Clinton’s made with their “charity.” So do they really need tax payer cash?
We know that Barack and Michelle Obama landed big book deals for their memoirs. Not to mention how much they’ll get by being on the board of organizations, universities, and making public appearances. So why the pension?
I wouldn’t be surprised if this law passes through Congress very quickly. Congressmen would love to take a bit out of President Trump’s future pension, even if that means giving Obama the pinch.
Source: Joni Ernst