Barack Hussein Obama thought he would be sitting pretty for the rest of his life by raking in millions on the paid speaking circuit while also getting an annual $400,000 pension. Unfortunately for Obama, however, Congress just let him know that his free ride may be over very soon.
USA Today reported that Congress is preparing to introduce a bill that would curb a president’s pension if they take outside income of $400,000 or more. Obama vetoed this bill last year, but when he recently accepted $400,000 for a speech on Wall Street, the bill’s sponsors said they’ll reintroduce that bill in hopes that President Donald 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.”
Chaffetz and Sen. Joni Ernst, R-Iowa, the sponsor of the companion Senate bill, are getting ready to re-introduce the Presidential Allowance Modernization Act. This bill would cap presidential pensions at $200,000 and give them another $200,000 for expenses. Last summer, the bill passed both the House and the Senate with no opposition, so it came as a surprise when Obama vetoed it.
Obama argued that the bill could have “unintended consequences” and “impose onerous and unreasonable burdens” on former presidents by requiring them to immediately lay off staff and find new office space. However, it was clear to everyone that Obama’s own greed was behind the veto.
If this bill can make it through the House and Senate again, Trump will undoubtedly sign it, as he has made it clear that he does not want a salary or a pension from the American people.
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