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.
— FOX & friends (@foxandfriends) May 4, 2017
Because let’s face it. At some point you’ve taken enough taxpayer money.
In March of 2016, Obama wanted an 18% increase in what former presidents receive from American taxpayers.
I wrote about it at the time and made these preditions:
You don’t think Barack Obama is going to become fabulously wealthy after he leaves the White House?
Trust me. Within the first year, he’ll sign a seven-figure book deal to write his narcissistic memoir.
Okay, he’ll sign a seven-figure book deal to have somebody else write his narcissistic memoir.
He’ll rake in six figures every time he makes a speech to anyone stupid enough to pay him six figures to hear him speak.
Just like the Clintons before him, Obama is going to use his status as a former president to cash in big time.
I got one thing wrong in my predictions.
Obama didn’t get a seven-figure book deal.
Instead, in February, Obama signed a sixty-five million dollar book deal. That’s eight figures, not seven.
But other than that, I was right, wasn’t I?
As soon as he returned from his three-month long vacation, Obama wasted no time bellying up to the public speaking fee trough like a greedy, half-starved pig.
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.
I for one am glad that Congress is considering doing just that.
And, as I pointed out last year:
It’s the Liberals who say that senior citizens who are well off don’t need to be collecting Social Security after they retire. So, let’s make Obama live by his own standard. Taxpayers shouldn’t have to finance Barack Obama’s post-presidential existence if his post-presidential existence includes a windfall of cash.
Hell, that makes far more sense than saying that well-off seniors who have been paying into Social Security their entire life aren’t entitled to the money they put in.
I think it’s time to revise the Former Presidents Act of 1958 to read: “Any President who leaves office earning less than $250,000 a year will receive a pension and expenditures. Every other President can suck it up, pay their own way or go pound sand.”
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