Chaffetz: Congress Should Go After Obama’s Pension


It looks like Former President Barack Obama’s pension may be in trouble.

The former president has taken some heat recently after he got paid $400,000 to speak at the investment firm Cantor Fitzgerald’s conference in September.

The Hill reports:

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“Rep. Jason Chaffetz (R-Utah) suggested on Wednesday that former President Barack Obama‘s planned $400,000 speech to a Wall Street firm is the driving force behind a coming measure to cap presidential pensions. 

Chaffetz is poised to reintroduce a bill later this month that would seek to limit the pensions of ex-presidents to $200,000, with an additional $200,000 in expenses, USA Today reported Wednesday. That pension would be reduced if a president’s outside income exceeds $400,000.

The Utah Republican sponsored the same measure last year. Obama vetoed that bill, and congressional leaders never attempted to override the veto. Sen. Joni Ernst (R-Iowa) introduced the companion bill in the Senate. She is also set to reintroduce the measure, according to USA Today.”

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We are 19-trillion bucks in debt and we’re paying this guy a massive pension?

Former presidents deserve to live a nice life after they get out of office, but $400,000 is way beyond a nice life. Especially when you consider they can charge half a million bucks for a single speaking engagement.

Republicans weren’t the only ones who thought the paycheck for the speaking engagement was a bit high.

Even Massachusetts Senator Elizabeth Warren questioned it.

Representative Chaffetz’s proposal is a step in the right direction.  If a former president makes over $400,000, there is no reason why the taxpayers shouldn’t be able to save a bit of money.

Let’s get this through Congress!


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