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BREAKING: Obama Just Gave Himself A MASSIVE Pay Raise… FOREVER! $$$
The Political Insider ^ | 3-18-16 | Charles Kosar

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."


TOPICS: Breaking News; Government; News/Current Events; Politics/Elections
KEYWORDS: cap; chaffetz; congress; expresidentpension; expresidents; exprespensions; fubo; gop; obama; obamapayraise; pension; shiftlesspimp
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To: afraidfortherepublic

Income equality?


61 posted on 03/18/2016 12:18:38 PM PDT by Pajamajan ( Pray for our nation. Thank the Lord for everything you have. Don't wait. Do it today.)
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To: SeekAndFind
That has to be approved by Congress.

Will they do it?

Nah. They'll fight tooth and nail like they always do.

62 posted on 03/18/2016 12:18:40 PM PDT by pgkdan (The Silent Majority Stands With TRUMP!)
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To: tina07; SeekAndFind

sorry, my comment was meant for SeekandFind


63 posted on 03/18/2016 12:19:15 PM PDT by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85)
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To: haircutter

I have been independent since carter/reagan. can’t remember what year that was.


64 posted on 03/18/2016 12:21:01 PM PDT by longfellow (Bill Maher, the 21st hijacker.)
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To: tina07

Isn’t that nice?..........No cola increase for those on SS, medicare when up and my husbands SS went down down a little.

No his SS was not that big to begin with.


65 posted on 03/18/2016 12:23:47 PM PDT by Irish Eyes
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To: SoFloFreeper
....because he never has enough of YOUR money.

One wonders whatever happened to "shared sacrifice", eh what?

66 posted on 03/18/2016 12:28:10 PM PDT by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: N. Theknow

That has to be approved by Congress.

Will they do it?

Bwahahahahahahahahahahahahahahaha...(breathe)hahahahahahahahahah(breathe, breathe...Oh God my sides hurt!)hahahahahahaha.

They give him everything he wants and not one penny more all the time.


Not one penny more? Actually, they have given him more...often...
Example the Iran deal. They gave up the Treaty powers in the Constitution and The House has given him the power of the purse...
25


67 posted on 03/18/2016 12:28:25 PM PDT by Freedom56v2
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To: mabelkitty

Agree! They are there to “serve”, not to be served.


68 posted on 03/18/2016 12:38:36 PM PDT by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: puppypusher

It should be by direct vote of the public, each time it comes up.


69 posted on 03/18/2016 12:41:54 PM PDT by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: afraidfortherepublic
In 2017 alone, Obama wants nearly an 18% hike in expenditures… $588,000.

Hardly half-a-vacation or Michelle-momma-and-the-girls...

70 posted on 03/18/2016 12:43:43 PM PDT by okie01 (The Mainstream Media: IGNORANCE ON PARADE)
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To: afraidfortherepublic
From the moment he was inaugurated in 2009, Obama has been bound and determined to firmly install himself and his family as the most classless to ever reside in the White House.

Why would he stop after he leaves?

71 posted on 03/18/2016 12:44:46 PM PDT by Samwell Tarly
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To: afraidfortherepublic
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!

Correct me if I'm wrong but there are currently three former presidents. In January 2017 there will be four. Don't they have to increase the budget based on headcount alone?

72 posted on 03/18/2016 12:47:23 PM PDT by DoodleDawg
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To: puppypusher

I agree that a President making millions shouldn’t be paid this huge “pension” or whatever it is called. BUT - I wonder if then the liberals will turn it around and say “Well then SS benefits should be means-tested as well. Why are all these millionaires getting SS benefits!?”
.
.
.
.
.
Oblivious to the fact that those millionaires paid into the system at the point of a gun with the assurance that they would get a SS benefit at the end.


73 posted on 03/18/2016 12:50:03 PM PDT by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts It is happening again.)
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To: nascarnation

“Leftys with gold plated health care seem to live almost forever (Soros, Castro, Carter, etc).”

Satan takes care of his own.

Until he doesn’t.


74 posted on 03/18/2016 12:57:01 PM PDT by dsc (Any attempt to move a government to the left is a crime against humanity.)
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To: angcat

Whoa...easy there.


75 posted on 03/18/2016 1:24:26 PM PDT by Dog (..."I'm just a cook..)
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To: afraidfortherepublic; SeekAndFind
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!

Since there will be 5 former presidents in 2017 versus 4 now, he could have tried to justify a 25% increase in spending under the Former Presidents Act.

This link shows how the money is currently allocated. It shows that all the ex-presidents receive the same pension, although there are more total expenditures for the more recent former presidents.

That has to be approved by Congress. Will they do it?

Very likely. The money is already authorized under the current law. They could adjust that law before they vote on the budget.

This actually is not a pay raise for Obama personally.

76 posted on 03/18/2016 1:33:33 PM PDT by wideminded
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To: Windflier

Heck. My husband and I own our own business and neither of us has taken a pay check in 5 years. We seem to be operating as a welfare program for our employees.


77 posted on 03/18/2016 1:37:13 PM PDT by afraidfortherepublic
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To: afraidfortherepublic

I have a sign around my office in the basement somewhere.

“This is a non-profit organization.
.
.
It wasn’t supposed to be, but....”


78 posted on 03/18/2016 1:38:25 PM PDT by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts It is happening again.)
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To: Jim 0216

Never.

Unfortunately.


79 posted on 03/18/2016 1:38:49 PM PDT by luvie (Cruz or Lose! "Where the vision is lost, the people perish"--Proverbs 29:18)
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To: afraidfortherepublic
Can you imagine the situation if, by some horrible outcome, Hillary becomes President.

She will double-down on this deal and bring it over the $1,000,000 mark.

--then both of the money-grubbing bastids will add another mountain of tax-payer cash to to the ocean of green they will be swimming in.

This is reaching nightmare levels for a system that purports to be a democratic Republic.

80 posted on 03/18/2016 1:39:57 PM PDT by henbane
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