Former President Barack Obama added an historic $9.3 trillion to the national debt — skyrocketing from $10,626,877,048,913 when Obama took office on Jan. 20, 2009, to $19,944,429,217,106 on Jan. 20, 2017, the day he left office.
Not content with adding more to the national debt than any other President in American history, Obama is on track to be the most expensive former president in American history, too.
Fox News reports that the former president will cost taxpayers $1,153,000 next year, according to a Congressional Research Service memo. That will make Obama’s expenses the highest of the five living ex-presidents, according to the Washington Times:
The Former Presidents Act, which became law in 1958, provides former White House occupants with lifetime benefits after leaving office. Each ex-president receives a base pension of $205,700 annually, but the budget requests they submit to Congress may also address additional expenses, such as for staff salaries, office allowances, travel and Secret Service protection.
Obama’s $1,153,00 budget request for 2018 is nearly $100,000 more than that of former President George W. Bush, and around $200,000 higher than for former President Bill Clinton.
Former President George H.W. Bush has requested $942,000, while former President Jimmy Carter comes in at $456,000, the Times reported.
A large portion of the former presidents’ budgets go toward leasing office space, such as the $536,000 cost for Obama’s office in Washington, $518,000 for Clinton’s setup in New York City, and $497,000 for Bush 43’s office in Dallas.
The Clinton’s have brought in over $153 million in speaking fees since Bill left the White House — and Obama is already on track to follow in their footsteps, taking in a cool $400,000 for his first Wall Street speech.
Does it sound to you like they need a taxpayer-funded pension in the first place?