Posted on 03/18/2016 10:50:13 AM PDT by afraidfortherepublic
While Americans are suffering in the Obama economy, President Barack Obama is seeking to increase the money available to him after he leaves the White House.
The Congressional Research Service reports that for requests for both 2016 and 2017 fiscal years, Obama's proposed federal budget would expand funding through the Former Presidents Act. In 2017 alone, Obama wants nearly an 18% hike in expenditures… $588,000. That means $3.865,000 in appropriations will be available to spend on former Presidents!
The 2016 proposed budget includes an additional $25,000 increase.
The Former Presidents Act, enacted in 1958, provides living former presidents with a pension, office staff and support, funds for travel, Secret Service protection, and mailing privileges. It also provides benefits for presidential spouses. Currently, former presidents are awarded a pension equal to the salary of cabinet secretaries, which totaled $203,700 for the 2015 calendar year and was boosted by $2,000 for the current calendar year.
Critics of the act argue that it financially supports former presidents who are not struggling. Many of them, alternatively, have gone on to profit from writing books about their time in the White House or delivering paid speaking engagements.
Former President Bill Clinton, for example, earned $132 million for delivering paid speeches between February 2001 and March 2015, according to an analysis from CNN. Clinton received $924,000 in taxpayer dollars last year by way of the Former Presidents Act.
Republicans in the House and Senate have introduced legislation that would cap annual pensions for former presidents at $200,000. Additionally, the bills would cut each pension by a dollar for every dollar the former president earns over $400,000 in the private sector in a given year. The measure was approved by the House in January with bipartisan support.
"It's pretty simple. You want a retirement and pension, it's there. But if you're going to go out and make enormous sums of money, then you don't need taxpayer subsidies," Rep. Jason Chaffetz (R., Utah), who introduced the bill in the House, told ABC News in an interview.
"The former presidents are making gobs of money speaking and writing books, more power to them, but that doesn’t mean they need more taxpayer dollars on top of that," Chaffetz added. "It's embarrassing that they take that money."
Never. You see, Hussein’s the FIRST MULATTO PRESIDENT!
Don’tcha know?
REALITY CHECK At first glance, the Clintons astounding honoraria and humongous Foundation donations seem to provide the bulk of the couples mega income.
Bills honoraria increased dramatically pocketing some $50 million during Hillarys four-year term as Secretary of State....including an Irish scholarship fund, a Korean conglomerate, and, a Nigerian newspaper company......each of whom paid Clinton more than half a million dollars for a single speech.
The Wash/Post reports Hillary earned $11.7 million for 51 speeches since Jan 2014.....she pocketed an astonishing $625,000 for two speeches in one day.
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I firmly believe the Clinton Foundations gigantic donor list, and their astonishing blizzard of speaking honoraria, are a smoke screen for their secret wealth....and the way they make billions sub rosa....intertwining their vaunted do-goodism and their multiple tax-paid public offices.
The calculated Clintons have sought to branch out into other business activities. All of that is kept under wraps. Very little is known about the exact nature and financial worth of Bill and Hillarys non-speech business interests.
Reports keep surfacing indicating the Clintons were party to multi/billion dollar Mideast arms deals....Kazakhstan uranium mines....and Haitian gold mines...Libyan oil deals....telecom businesses, deals w/ financial powerhouses like Teneo, Goldman Sachs.....etc etc etc.
THE CON ARTIST CLINTONS GRABBED EVERYTHNG THAT WASNT NAILED DOWN Lucrative business interests were cunningly intertwined w/ the Foundations transparent do-good activities....enabled by Hillarys catbird seat at the State Dept.
At last count, the Clintons apparently raised an astounding $2 billion from their foundation activities and their political campaigns.....
.....does not include monies flowing in from the various lucrative business ventures, interest accrued, safe deposit boxes, real estate assets, passive income on which they pay no taxes, income from Chelseas hubbys hedge fund, monies invested in Goldman Sachs, interest in financial powerhouse Teneo..... etc etc etc.......
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The Clintons are worth a bundle.....accumulated in record time. Their livelihood was collected as they marched through American politics.
They co-opted taxpayers by using OUR govt and information they were privy to by virtue of govt office in order to pocket big bucks.
Secret Service for life is a bit pricey I’d say. That’s all they should all get. Anything else, they should earn. And that they will earn a lot through speeches and whatever else, no matter how much of a failure they were while they were in office or not.
To all the Federal employees who voted for him and haven’t gotten a COLA increase in—how long? Ha Ha!
No kidding I wait for breaking news but it never happens.
Never happen he will outlive me probably.
Not true, Gays have a shorter life span.
And Ryan is all in for this?
but he and ilk have denied our nation’s most vulnerable citizens, seniors, veterans and disabled people piddly cost of livign increases for how many years now? I guess his motto is ‘hooray for me, the hell with everyone else’
And btw- He and his family have spent an average of $1.5 BILLION dollars on themselves every single year as president, but this coutnry couldn’t afford seniors disabled and veterans to get a $40 or so dollar a month raise to keep up with inflated prices?
How can you spend $1.5 billion dollars per year on yourself? How is that even possible?
Give him what all presidents before Truman got - NOTHING!
[[Republicans in the House and Senate have introduced legislation that would cap annual pensions for former presidents at $200,000. Additionally, the bills would cut each pension by a dollar for every dollar the former president earns over $400,000 in the private sector in a given year. The measure was approved by the House in January with bipartisan support. ]]
Excellent- I hope this goes through!
If he leaves NOW give it to him!!!
what ever...Make sure no one visits his so called LIEBARRY..
I may vote Frump cause of all this bs against him. Especially after they made him promise on TV that he wouldn’t go that way and now they want to change the rules on him. EFF THEM!
aaah yes....... enlightenment
it is going around and will eventually prevail
And as far as the fag gazy in the white house his mother ain’t even related to him. Our CIA knows this.
already was approved for 2016, he’s looking for another for 2017. Bottomless cookie jar for the King!
One thing for sure for me...
If the RNC and GOP continue to trash Trump and fight him at the Convention...I will leave the Republican Party and will become an INDEPENDENT...
and I’ve been a register Republican for 55 years...not many years left...
I feel Donald J.Trump will truly clean up the dirty politics in Washington, that is why they all FEAR HIM...AND I LOVE IT...
error...was approved for 2015...
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