Why on earth are American taxpayers being forced to fund Presidential Pensions for multi-millionaires?
Now, this isn’t the first time I’ve addressed this issue. In fact, I’ve hit on this three times in the last couple years.
In March of 2016 when President Obama requested an 18% increase in Presidential pensions – just in time for him to receive one, I wrote about it.
And I pointed it out again a year ago when Barack Obama received his first 6-figure payment for making a speech. At that time I argued that at some point you’ve taken enough taxpayer money.
In that post, I wrote:
Last year Congress passed a bill that would curtail presidential pensions for any former president earning more than $400,000 a year.
Barack Obama vetoed it.
Of course he did.
But now that the former President is raking in cash hand over fist, Congress is considering revisiting that bill in hopes that President Trump will sign it.
Because let’s face it. At some point you’ve taken enough taxpayer money.
Finally, I touched on it in September 2017, when we learned that the Obamas will be costing the American taxpayers $1,153,000.00 in 2018.
But the news that Netflix has signed a sweet deal with the Obamas gives me one more reason to call attention to this taxpayer-funded scam.
In 1958, Congress passed the Former Presidents Act. This enacted an annual pension plus expenditures for life for every former president.
For the record, the Presidential Pension is $205,700 a year for life.
So why are the Obamas costing us over five time that in 2018?
That, my friends, is the “plus expenditures” part of the Former Presidents Act.
And apparently the high-living Obamas have a lot of expenditures.
But of course they do. After all, they have office space, staff — the whole enchilada. All so they can continue to undermine the Trump Administration while forcing us to pay for it.
Really gets your goat, doesn’t it?
Now, maybe in 1958 it was not common for ex-presidents to become multi-millionaires within a year of leaving office.
But that’s standard operating procedure today, isn’t it?
It’s time to get rid of this archaic law or update it to reflect the fact that multi-millionaire ex-Presidents should not be leaching off the American taxpayers for life.
The Obamas – in addition to getting paid handsomely every time they speak to a captive sycophantic audience – also signed a sixty-five million dollar book deal in February 2017.
And now they’ve signed another lucrative deal with Netflix.
Why the hell are we being forced to pay for Obama’s pension and expenditures when he clearly can afford to foot the bill for his own post-presidency?
As I said in May of last year:
I begrudge nobody the right to make money.
Unlike our former President, I do not believe at some point you’ve made enough money. Hell, make as much money as you want.
But when you’re wading chest-deep in oodles of cash, it is obscene to expect American taxpayers to pile on even more money supplying you with a pension for life.
The Obamas lived a regal life of luxury on the backs of taxpayers for eight years.
And at some point you taken enough taxpayer money.
Obama made more money for two speeches than most Americans will earn in a lifetime.
And the fact that he is still expecting us to foot the bill for a pension he doesn’t need is disgusting.
It’s time to turn off the spigot.
Let the Obamas make a killing creating Leftist propaganda for Netflix. What do I care?
I don’t subscribe to Netflix. And those who do subscribe do it voluntarily.
But the funding for his pension and expenditures? That isn’t voluntary. American taxpayers are forced to provide a multi-millionaire this money whether we want to or not.
Enough is enough.
It’s time to revise the Former Presidents Act so that only Presidents who are below a certain earnings threshold qualify for Presidential Pensions and expenditures.
The Obamas are not our wards.
They are fabulously wealthy people.
And Americans who are struggling to save money for their own retirement shouldn’t be forced to bankroll the retirement of multimillionaire former Presidents.
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