Former President Barack Obama is on the verge of becoming the most expensive ex-president in United States history, costing taxpayers $1,153,000 next year, according to a new Congressional Research Service memo looking at the official allowances for the five living former chief executives.
Obama’s $1,153,000 budget request for 2018 is more than $100,000 higher than President George W. Bush’s request for next year and nearly $200,000 more than President Clinton’s expected budget. President George H.W. Bush is slated to get $942,000, while President Carter will get less than half that, at just $456,000.
Every former POTUS gets an office, expenses and, in certain cases, an annual pension payment, thanks to a 1950s-era law passed after former President Truman struggled for income when he left the White House in 1953. (Related: Trump Pushes Tax Reform — Attacks Establishment Congress — GDP And Job Growth Shatter Expectations)
While most ex-presidents since Truman have found creative ways to make their life beyond the White House financially sound, the taxpayer-funded perks have, for some reason, remained — and Obama is the latest to take them. (Related: Secret Service: Not Trump’s Fault On Running Out Of Money – Face “Many Problems”)
By far the biggest cost for ex-presidents is renting office space. Barack Obama’s office — 8,198 square feet in Washington, D.C. — will cost taxpayers $536,000 next year, the most of any ex-president. Bill Clinton’s New York office is bigger, at 8,300 square feet, but slightly cheaper at $518,000. The younger George W.’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.
Barack Obama’s pension payment is also the highest, at $236,000 (Wait what? Didn’t he get 3 million for a speech in Milan?). Bill Clinton is second with $231,000, followed by the younger George W. Bush at $225,000, the CRS memo says, citing figures from the General Services Administration, which administers the 1958 Former Presidents Act. (Related: Think the Trump Presidency is Chaotic? Check out Bill Clinton’s Chaotic, Disorganized, Failing First Year as President)George W. Bush’s communications budget is higher than any of the others, at $69,000. By contrast, Obama is slated to get just $11,000. Bush W. will also get more money for printing and supplies than the others.
Jimmy Carter’s figure is so low because he only served a single term in the White House, his only time as a federal employee, meaning he didn’t put in the five years needed to get health benefits.
Free speech is under attack. Share this article on Social Media by clicking the share button, do your part to keep independent journalism going.