U.S. needs to eliminate ex-presidents’ pensions
During his eight years in the White House, President Barack Obama received a $400,000 annual salary, free travel, housing and other perks. I have no quarrel with that.
Obama recently received $400,000 for a one-hour speech from a Wall Street firm. He will be making millions on book deals and all of his speeches. If ex-presidents are making millions because they were president, why should the taxpayers continue to pay them?
All ex-presidents receive a pension of $205,700 per year, plus subsidies for office staff and supplies, as well as Secret service protection.
All ex-presidents’ pensions and subsidies should be eliminated by Congress if they earn more than that with their speaking fees and books. With our debt nearing $20 trillion, we should not be subsidizing their lifestyles.
There’s no way any of the ex-presidents would be earning that much money if they never served. They are cashing in on a policy that has evolved into an entitlement for the rich.