When a US President retires today, he receives a pension of $205,700 a year for life. They also receive additional expense money which can vary from president to president. The amount can exceed $400,000 a year. A bill to restrict a former president’s pension if he earns over a certain amount failed when Obama refused to sign it. Republicans are planning on re-introduce the bill again and they are prompted to do so by the news of Obama receiving $400,000 per speech.
Last year, then-president Barack Obama vetoed a bill that would have curbed the pensions of former presidents if they took outside income of $400,000 or more.
So now that former president Barack Obama has decided to accept $400,000 for an upcoming Wall Street speech, the sponsors of that bill say they’ll reintroduce that bill in hopes that President Trump will sign it.
“The Obama hypocrisy on this issue is revealing,” said Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee and sponsor of the 2016 bill. “His veto was very self-serving.”
Personally, I don’t think that Barack Obama deserves any pension from US taxpayers, based upon the fact that he violated the US Constitution and federal laws on numerous occasions. He also aided sworn enemies of the United States, which according to the Constitution is defined as treason. The only thing Obama deserves is a 6×6 cell or firing squad.