Obama's $400,000 speech could prompt Congress to go after his pension

[james_1957]

WASHINGTON — 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."

Chaffetz and Sen. Joni Ernst, R-Iowa, the sponsor of the companion Senate bill, say 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. But those payments would be reduced dollar-for-dollar once their outside income exceeds $400,000.

The issue isn't a partisan one — or at least, it wasn't last year. The bill passed both the House and Senate with no opposition, and no veto threat had come from the White House.

https://www.usatoday.com/story/news...ss-go-after-his-pension-trump-bush/101242772/

 

[VeraBad]

https://www.usatoday.com/story/news...ss-go-after-his-pension-trump-bush/101242772/

Ain't going to happen.

http://www.nbcnews.com/politics/don...dget-breaks-these-7-campaign-promises-n763731

 

[water505]

On the face of it the law sounds downright unconstitutional. As big a turd as Obama is, you can't have a law preventing someone from earning a living.

 

[KingOrfeo]

Ain't going to happen.

http://www.nbcnews.com/politics/don...dget-breaks-these-7-campaign-promises-n763731

What does any of that have to do with an ex-president's pension?

 

[jaF0]

I don't think they should get pensions at all. Definitely not longer than they served.

How long has Mr. Peanut been drawing a pension?

Daddy Bush?

How long did Stumble BumFord?

 

[rocket_surgery]

So 3 or 4 guys at a time get a few hundred thousand a year. Seems fair and it's too small to matter to our budget.
Don't care how much money they make either. That shouldn't matter.

 

[KingOrfeo]

Did Nixon get a pension?

 

[rocket_surgery]

Did Nixon get a pension?

I don't think so but the little bit I've read about it is murky at best. He also gave up SS protection after a few years.

 

[VeraBad]

https://www.usatoday.com/story/news...ss-go-after-his-pension-trump-bush/101242772/

So a current President can earn millions a month on outside businesses and not have to report it?

http://www.msnbc.com/msnbc-news/wat...cash-spent-at-trump-owned-hotels-952394307775