BOOM: Congress Set To STOP Obama’s Pension As POTUS! Emmanuel September 11, 2017 Buzzworthy, Economy, Liberal Agenda 1 Obama’s pension is in jeopardy as Congress seeks to withdraw it due to overspending and increased income. Every President aside from Donald Trump has received a presidential income during their stay in office and a continued pension after their term or terms are over. Obama currently receives a little over $200,000 a year not including allowances for things such as travel and healthcare expenses which seems outrageous considering his current net worth pushes the 40 million dollar mark. Why should the American taxpayers support a former President who not only rakes in the dough but also displays an overly lavish lifestyle while pretending to understand the plight of low income families? Via Conservative Post: Congress has put Barack Obama on notice that his generous government pension could be taken away if he keeps living like a celebrity. From partying on yachts with Hollywood stars to raking in MILLIONS OF DOLLARS in book deals and speaking fees, Obama’s doing anything but retire with class and grace. USA Today reported that Congress is taking another look at a bill that would cancel pension payments to past presidents if they earn $400,000 or more in a fiscal year. Via CNN: Last year, the Republican Congress passed a bill that would have set a flat $200,000 a year in pension payments and capped other expenses at $200,000 a year per president. The cost of living increases for the pension would be tied to the same formula used to increase social security benefits. But that $400,000 could quickly disappear under the proposed law, which cuts the pension and expense payments by a dollar for every dollar that a former president earns above $400,000. So taxpayers are off the hook entirely once a president earns $800,000 a year. Via Barack Obama earned his net worth primarily from the sales of his books The Audacity of Hope and Dreams of my Father. Barack’s wallet began to expand after his much praised keynote speech at the 2004 Democratic National Convention that marked his explosion onto the national conscience. As Obama’s profile rose, so did sales of his 1995 book “Dreams from My Father: A Story of Race and Inheritance”. In 2005, the Obama’s income grew from around $200,000 to a combined $1.7 million! In 2006 the Obamas reported income of $916,000. Barack’s second book “Audacity of Hope”, released in October 2006, was a massive hit, selling millions of copies and rocketing the Obama’s income to $4.2 million in 2007! Their income continued to swell in the following years thanks to Barack’s 2008 successful campaign and election. To this day, Barack Obama earns $3.75 for every hardcover copy and $1.12 for every paperback he sells. All of this impressive income is received on top of Obama’s pension making one wonder if he needs it at all? In February 2017, it was reported that Barack and Michelle Obama would be receiving a $60 million advance for the combined rights to their autobiographies. WTF? Why on earth does this family need any sort of payment from the American government when their yearly income surpasses the amount most Americans make in an entire lifetime? Obama’s pension proves he is a crooked and selfish politician who demonstrates an elitist lifestyle which is ironic considering the fact that democrats claim Trump is nothing more than a billionaire businessman. What does that make Obama? One Response jtas September 11, 2017 Congress doesn’t have the balls to do it. Reply Leave a Reply Cancel ReplyYour email address will not be published.CommentName* Email* Website Save my name, email, and website in this browser for the next time I comment.