Obama’s presidency was very expensive for taxpayers, so it should come as no surprise that his post-presidency will also break spending records. He has a talent for spending other people’s money.
The Washington Free Beacon reports:
Obama Poised to Be Most Costly Former President in 2018
Former President Barack Obama is about to become the most expensive ex-president, costing taxpayers $1,153,000 next year, according to a new Congressional Research Service memo.
As a result of a 1950s-era law, every former president receives an office, expenses, and in some cases, an annual pension payment. The law came after former President Harry S. Truman struggled to obtain income after he left office in 1953.
In 2018, Obama will surpass the budgets of the other four living former presidents, the Washington Times reported. His budget is expected to be more than $100,000 more than George W. Bush, and almost $200,000 more than Bill Clinton’s expected budget.
George H. W. Bush is set to receive $942,000 in 2018 while Jimmy Carter will receive $456,000…
Obama’s 8,198 square foot, Washington D.C. office will cost taxpayers $536,000 in 2018—a higher expense than any other ex-president’s office cost.
Over the next ten to twenty years, Obama will become one of the world’s wealthiest men. But he’ll still take money from the taxpayers whenever he can. Just watch.