Tags: Barack Obama | barack obama | pension | most expensive | former president

At $1.2M, Obama Set to Become Most Expensive Ex-President

Image: At $1.2M, Obama Set to Become Most Expensive Ex-President
Former President Barack Obama (AP)

By    |   Thursday, 31 Aug 2017 01:59 PM

Former President Barack Obama's budget request for 2018 came in at $1,153,000, poised to make him the most expensive president to taxpayers, The Washington Times reported.

Obama's official allowance eclipses George W. Bush by $100,000 and Bill Clinton by $200,000, the Times reported, citing a Congressional Research Service memo.

Former president George H.W. Bush will get $942,000 next year, followed by Jimmy Carter at $456,000.

The allowances for an office and expenses — and pension for Obama — originated from a 1958 law, the Former Presidents Act, which provides for presidents when they leave office. It stemmed from Harry Truman's difficulty generating income, the Times reported.

Of course now, Obama and former FOTUS Michelle Obama left the White House as multi-millionaires, plus he hits the private speaking tour, making $400,000 per speech, minimizing the need for such an allowance, but one he takes anyway.

Michelle Obama commands $200,000 on the speaker's circuit, just as much as Bush 43.

Obama's biggest expense — his D.C. office, costing taxpayers $536,000 next year, nearly $20K more than Clinton's and $40,000 more than Bush 43's, in Dallas.

Obama's pension, $236,000, is also the highest; Clinton's is $231,000 and Bush 43's is $225,000.

Neither Bush 41 or Carter receive a pension.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
Newsfront
Former President Barack Obama's budget request for 2018 came in at $1,153,000, poised to make him the most expensive president to taxpayers, The Washington Times reported.
barack obama, pension, most expensive, former president
206
2017-59-31
Thursday, 31 Aug 2017 01:59 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved