Barack Obama Set To Become The Most Expensive Ex-President…
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September 1, 2017
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September 2, 2017Former President Barack Obama is about to make history again, but it’s not exactly worth celebrating.
He’s expected to become the most “costly” ex-president in US history. Congrats, Barry! What an accomplishment!
According to a memo from the Congressional Research Service, Obama will cost taxpayers $1,153,000 next year.
His $1,153,000 budget request for 2018 is more than $100,000 higher than George W. Bush’s request 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.
Every former president gets an office, expenses and, in some cases, an annual pension payment, thanks to a 1950s-era law enacted after former President Harry S. Truman struggled for income when he left the White House in 1953.
While most ex-presidents since Truman have found ways to make their life beyond the Oval Office financially rewarding, the taxpayer-funded perks have remained — and Mr. Obama is the latest to take them.
A big chunk of this cost will cover his ginormous office space in DC. It’s 8,198 square feet and will clock in at around $536,000, which is slightly more expensive than the other ex-presidents’ setups.
Mr. Clinton’s New York office is bigger, at 8,300 square feet, but slightly cheaper at $518,000. The younger Mr. Bush’s office in Dallas is $497,000, while his father’s space in Houston is $286,000. Mr. Carter’s Atlanta office is just $115,000.
Mr. Obama’s pension payment is also the highest, at $236,000. Mr. Clinton is second with $231,000, followed by the younger Mr. Bush at $225,000, the CRS memo says, citing figures from the General Services Administration, which administers the 1958 Former Presidents Act.
I should also note:
The younger Mr. Bush’s communications budget is higher than any of the others, at $69,000, and he’ll get the most for printing and supplies. By contrast, Mr. Obama is slated to get just $11,000 for communications.
Basically, all former presidents are expensive. Obama just happens to be the most expensive so far. Although I’m sure others will surpass him in the future. That seems to be the trend.
