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Barack Obama Just Got Some Very Bad News About His Pension

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After serving the country for four to eight years, presidents are entitled to a pension.  This pension is supplied by the American taxpayers.  Each president gets the money regardless of performance, and that’s not including their paid appearances.  But Obama may be in for some bad news.

A bill is passing its way through Senate that significantly cuts these pensions.  It saves taxpayers millions each year.  On Wednesday, the Senate Committee on Homeland Security and Governmental Affairs passed it unanimously.

The bill was introduced by Iowa Senator Joni Ernst (R-Ia.).  Ernst said:

Our national debt now exceeds $20 trillion; this bipartisan effort is another important step toward reining in Washington’s out-of-control spending.

The bill caps a presidential pension at $200,000.  Remember those private appearances I told you about?  For every dollar above $400,000 at those private events, a dollar is taken off the pension.  Let’s put it in perspective.  This year, Obama gave a speech to the Northern Trust Corporation and he made $400,000.  That was on the low side of his appearances.

Obviously, a pension is relatively obsolete at this point.  Presidents can make their pension and then some in less than three hours.

Here’s the funny part.

In Obama’s last year in office, a similar bill regarding presidential pension was pushed forward.  President Barack Obama vetoed it at the last second.  Michelle’s vacations aren’t going to pay for themselves!

According to the New York Post, Obama is our most expensive ex-president to date.

Ex-President Barack Obama will be the costliest former commander-in-chief, with taxpayers shelling out $1,153,000 for his expenses in 2018, according to the Congressional Research Service.

His budget request is more than $100,000 higher than George W. Bush’s for next year and nearly $200,000 more than Bill Clinton’s expected budget.

George H.W. Bush is slated to get $942,000, while Jimmy Carter will get less than half that, at just $456,000, according to a memo prepared by the service, which was first reported by the Washington Times.

All living former presidents get an office, expenses and, in some cases, an annual pension payment, because of a 1950s-era law enacted after President Harry Truman turned out to be broke after leaving the White House.

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About Alexander Fairfax

Alexander Fairfax

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6 Comments

  1. CPH

    October 7, 2017 at 8:53 am

    Strip the entire pension from these thieves.

  2. Ray Copeland

    October 7, 2017 at 12:46 pm

    They need to put these pair of sorry a*s black Apes back in their cage and ship them back to Kenya

  3. charleyhog

    October 10, 2017 at 5:05 am

    these pensions should be cut out completely if they earn over what they would have gotten for appearances after all they are now all millionaires this was put in place so that presidents would not be broke but not to make them richer and travel all over the world on the taxpayers back cut out this lavish perk

  4. Kookie

    October 10, 2017 at 8:17 am

    They are all rich when they are elected. They get a nice wage when elected. Plus all living expenses – house to live in, dinner, traveling, entertainment. Plus their salary. When they leave their job, salary and all extras stop. We pay them for the time they serve, not the rest of their lives. Obama keeps raising his pension himself and vacationing on the Government. This is illegal. He is Out. He has not that right. All Government officials should not be getting a wage after their job is over. Just like the avarage person. When they quit, their paycheck stops. Let the Government employees save for their own retirement. Just as everyone else does. And all that is being paid for by the people trying to make their own retirement.

    • CPH

      October 10, 2017 at 1:50 pm

      The worst so-called president that we ever had was obumba. He deserves nothing in the way of benefits or pension because he did nothing to earn them. Racism and crime increased while this hypocrite was in office and he did nothing to deter that from destroying our country.

  5. Mary A Noriega

    October 12, 2017 at 8:16 am

    We read and hear of his corruption. Have even learned of Obama’s background. Yet is allowed to be a free man. The problem with our justice system

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