“Unabashed greed” is one of those all too familiar human vices that once it grabs a hold of certain individuals it becomes almost impossible to let go, and former President Barack Obama is indeed that type of individual.

Obama has proven time and again, as demonstrated by his lavished vacations that he enjoys an “opulent lifestyle” perhaps a lot more than his predecessors could have ever imagined, all at the taxpayer's expense.

Therefore it should come as no surprise that his excessive speaking fees of $400,000 a clip, offered by Wall Street “fat cats” is there for the asking, which makes his veto last year when he was still residing in the White House all the more interesting.

Then President Obama vetoed a bill that would cap pensions of former presidents who earned an annual income exceeding $400,000 or more a year.

Moreover, his acceptance of a $400,000 speaking fee at an upcoming Wall Street event is no doubt just the beginning of a very successful and lucrative speaking career.

However the sponsors of the original bill which the former president vetoed will once again be reintroduced into legislation, and there’s an excellent chance that President Trump will sign it into law, considering that the president is actually working for “free” in that his salary as president has been redistributed to those issues that President Trump personally cares about.

Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee was the original sponsor of the 2016 bill that then President Obama vetoed, stating “His veto was very self-serving.”

Chaffetz and Sen. Joni Ernst, R-Iowa, the sponsor of the companion Senate bill, have announced that they will re-introduce the Presidential Allowance Modernization Act this month. The bill would cap presidential pensions at $200,000, with another $200,000 for expenses. However, those payments would be reduced dollar-for-dollar once a former president’s income from outside sources exceeds $400,000, annually.

The new legislation would bring back a sense of reasoning to the term “public servant.”

Do you think President Trump will sign the new legislation?

Tell us in the comments below section if you think former President Obama abused the system regarding his lavish lifestyle?

 
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