New House of Reps. Bill Would Affect Every Living Former President in A Major Way.
If ever there was a career path that would lead to a retirement filled with tax-payer funded pensions, tax-payer reimbursed expenses to travel the country and world to relay how awesome it was to sacrifice for the same-said tax-payer(s), and be surrounded by a tax-payer paid-for security detail, it is most certainly that of the office of the POTUS.
Wow! Talk about the golden parachute. It is only on rare moments, such as this, that a conservative finds themselves nodding in agreement with Representative Elijah Cummings (D-Maryland) who said,
"Taxpayers should not have to pay for a former president's allowance if the former president is making a comfortable living earning more than $400,000 a year after leaving office."
Cummings co-sponsored a bill with Representative, and House Oversight Chairman, Jason Chaffetz (R-Utah), to limit the amount of reimbursements to an ex-POTUS because, as Chaffetz put it, ex-presidents tend to do quite well for themselves as they are all (living) millionaires.
The President’s Act (1958), was originally intended to assist the retired POTUS with business expenses incurred after a president left office. However, as can be read in the link provided, Bush 41 and 43, Clinton, and Carter are all members of what can best be described as the Millionaire-Presidents-Club. Apparently, it’s just not enough that George W. Bush made roughly $15-million for speeches, on top of his pension, or that Bill and Hillary have pulled in $25-million in speaking engagements in addition to his pension, that our former presidents (OTUS) believe it right and proper to bilk, er “expense” the tax payer back for pencils, mileage, lodging, and whatever other “business” expenses are incurred.
Basically, the tax payer is paying the ex-POTUS a pension AND subsidizing his private speaking/consulting/charitable/whatever post-POTUS endeavor. While no one in their right mind would agree with President Obama’s assumption that sometimes you’ve made enough money, when it comes to the ex-POTUS, who taxpayers already provide a hundreds of thousands of dollars a year lifelong pension and security detail for, that maybe, just maybe, they (ex pres.) can pick up the cost of their new private business venture expenses and itemize like every other business owner out there and not double-dip from the American people.
Now, we just need to address pensions for Congress too. Whatever happened to "serving" the American people?