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In 1953, nearly eight years after stepping into the Oval Office as an unprepared successor to President Franklin Roosevelt with World War II still being fought on two fronts and more than 12 million deployed military, Harry Truman and his wife stepped into private life.

They headed home to Independence, Missouri driving their own car and wondering how they were to live on Truman’s army pension of $112.56 per month.

Until 1958, presidents did not retire with a pension for their service in the highest position in the country.

Many, like Herbert Hoover, were independently wealthy and did not need a pension, but Truman’s financial situation prompted Congress to pass the Former Presidents Act in 1958.

In fact, Hoover accepted his pension so as not to embarrass Truman.

But that was a long time ago and retired presidents now have lucrative options ranging from publishing memoirs, serving on boards and traveling the world collecting huge fees for making short speeches.

Former President Bill Clinton has been receiving federal funds since he left office in January 2001 and now, left-leaning Politico has learned he has requested $16 million since that time, more than any other living president.

Politico also found out exactly what he has been doing with a large portion of it.

Records from the General Services Administration (GSA) of the federal government were obtained through a Freedom of Information Act (FOIA) request, and show that Clinton has used the funds for the benefit of the Clinton Foundation.

Money requested to pay salaries and expenses for Bill Clinton’s personal staff are permitted, but no federal funding is to be used to benefit entities such as presidential foundations.

In fact, the GSA information led Politico to claim that American taxpayers not only actually paid for at least one of Hillary’s four secret servers, but the IT tech who installed and maintained it.

So it would appear that in a stroke of sheer brilliance, the Clintons once again pulled the wool over the eyes of the American public – but this time, made Americans pay for it.

Source: Reason



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