It has almost been a year of President Trump sitting behind the Resolute Desk, and even though we have had some ups and downs, it has been glorious watching liberals lose their minds on a daily basis. President Trump has been determined not only to get America back on track but also to end policies that have been harmful to our economy. One of those policies that have been harmful to the country is exorbitant pensions given to former presidents. We have witnessed Barack and Michelle Obama traipsing around the world on the American taxpayer’s dime living a life of luxury. Well, that is about to come to an end and you can already hear the left screeching in horror.
Over the last year, the American people have watched the Obama’s travel the world in style all on our dime. The Obama’s have been photographed staying in ritzy resorts such as the Four Seasons Resort Bali in Indonesia that has a price tag of $2,500 per night, and, that is just the tip of the iceberg. In fact, a new report has just been released by government watchdog group Judical Watch that states the total cost of the Obamas’ vacations and travel stands at $105,662,975.27.
Here is how it breaks down.
- The Obama family vacation to Martha’s Vineyard in August 2016 that cost taxpayers $2,684,271.36
- Obama’s trip to LA in October 2016 for two campaign fundraisers and an appearance on “Jimmy Kimmel Live” that cost taxpayers $195,855
- Michelle Obama’s infamous trip to Morocco that cost taxpayers $244,218.01
- How much the Secret Service spent during the Obamas’ final vacation in Hawaii, which cost taxpayers $1,862,230.74
That seems to be a little on the high end, don’t you think?
Apparently, Congressional Republicans feel the same way and have been working on a bill to cut back those presidential pensions. So, on Wednesday a bill was to the Senate by Joni Ernst that would scale back those hefty stipends to past presidents, and guess what? It passed.
A Senate committee approved a bill Wednesday to reduce the salary former presidents can make, years after former President Barack Obama vetoed similar legislation in 2015.
The update to the Former Presidents Act would reduce how much former presidents receive in pension from the taxpayers and reduce the total amount of money taxpayers contribute to former commanders in chief.
“Our national debt now exceeds $20 trillion; this bipartisan effort is another important step toward reining in Washington’s out-of-control spending,” Iowa Republican Sen. Joni Ernst, sponsor of the Senate legislation, said in a statement.
“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.”
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 is no wonder Barack Obama vetoed this bill last year at all. This man wanted to continue to live the life of a king all on our dime with no regard for how the rest of make ends meet. Barack Obama needs to get it through his head that he is no longer president and he is now a private citizen, and if he wants to stay in Park Avenue hotel in New York City then he should get a job to pay for it.
We do not have the money in the budget to pay for his or his families high-end taste anymore, and that goes for the rest of the former presidents too.
Welcome to the real world guys, isn’t it grand?