Barack Obama Makes Around $400,000 Giving Speeches Around The Country
Why Would He Need His Presidential Pension If he's Already Making Millions A Year?
A Senate committee has approved a bill that will roll back presidential pensions. If you remember a few years back, then President Barack Obama vetoed a similar bill. Why would he do that if he promised “Hope & Change?” I thought Obama was going to cut the debt in half, and not add a single dime to it during his presidency? Well, that was a lie like most everything else that came from his mouth. Now, President Trump is expected to sign legislation that will cut how much Presidents get paid after they leave office.
Iowa Republican Sen. Joni Ernst, the sponsor of the Senate legislation, said in a statement:
“Our national debt now exceeds $20 trillion; this bipartisan effort is another important step toward reigning in Washington’s out-of-control spending,”
America agrees with you Joni, and we have your back. There is no reason we should keep paying for past Presidents to live when they're perfectly capable of making money on their own.
Ernst went on to say:
“It is ridiculous to continue asking taxpayers to help foot the bill for former presidents’ perks at a time when they already rake in millions of dollars from book deals, speaking engagements, and more.”
I think the majority of Americans have been saying just that. They look at people like the Clintons who have raked in MILLIONS of dollars for speaking engagements, and book deals. However, President Trump made more money on “The Art Of The Deal” than Hillary Clinton will ever make from “What Happened”. Let me say this, Hillary… WE THE PEOPLE are what happened!
Daily Caller Reported:
The Senate Committee on Homeland Security and Governmental Affairs unanimously approved the language of the bill, and it awaits a vote by the full Senate chamber. The House is set to consider a companion bill, proposed by Georgia Republican Rep. Jody Hice.
Former presidents receive a salary set at the highest level of federal pay that cabinet-level officials make during their service, currently about $207,000 annually. Ernst’s proposal would cap stipends at $200,000 per year, adjusted each year for cost of living increases.
The bill clearly states that it would not change the security a former president is entitled to.
In the 2017 fiscal year, the five living former presidents cost taxpayers $2.8 billion for salary, security, staff and other perks of office, according to a Congressional Research Service report.
Another provision of the bill would push former presidents who find an additional stream of income slowly off the taxpayer’s support. For every dollar a former president makes above $400,000 from speaking engagements or other post-presidential work, the annuity would be reduced by $1 in the Senate proposal. Obama made around $400,000 in one speech to a Wall Street private equity firm earlier this year, according to Bloomberg Businessweek.
A similar proposal passed the House and Senate in the last congressional session, but Obama vetoed similar legislation in 2016. Former White House spokesman Josh Earnest said that the bill would remove staffers from their jobs assisting former presidents instantly, “leaving no time or mechanism for them to transition to another payroll.”
It's about time Republicans are getting their head out of their asses and making some progress. The Anti-Trump agenda has to go. We need to keep making America Great Again, and by that, it's repealing Obamacare, and making sure taxes are low, and the government is limited. We the people elected President Trump, I pray for their sake the GOP pushes his agenda through.