AProudNavyVeteran69 Loc: Burien,Washington

Obama Wants 18% Pay Hike for Him, Ex-Presidents
Image: Obama Wants 18% Pay Hike for Him, Ex-Presidents

By Greg Richter | Tuesday, 22 Mar 2016 10:55 PM


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President Barack Obama has requested a raise in the amount of money allotted to former presidents of 18 percent, according to a report by Congressional Research Service.

"The President’s FY2017 budget request seeks $3,865,000 in appropriations for expenditures for former Presidents, an increase of $588,000 (17.9%) from the FY2016 appropriation level," the report says.
Obama leaves office in January 2017, and the increase in requested funds for FY2017 "anticipates President Barack Obama’s t***sition from incumbent to former President," the report says.

For FY2016, Obama requested and received appropriations of $3,277,000 for expenditures for former Presidents, which is an increase of $25,000 from FY2015.

Former presidents began receiving pay after leaving office in after passage of the Former Presidents Act in 1958. The law was passed in response to former President Harry Truman having financial difficulties in his post-presidency.
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"Some critics of the Former Presidents Act say the statute subsidizes Presidents who are not struggling financially," the report reads. "Others argue that although a former President is not in a formal public position, he remains a public figure and should be provided a pension and benefits that permit him to perform duties that emerge as a result of his public status."
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The intent of the law is to provide for a dignified life for presidents after leaving office. Though many are financially secure, Truman and Ulysses S. Grant both struggled.

The annual pay is equal to that of the head of an executive department, which was $203,700 in 2015. It was raised to $205,700 in 2016.

Widows of former presidents receive $20,000 per year.
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:mrgreen: Obama!!!! dream on!!!, you can want in one hand, and Poop in the Other, but it won't happen, because Greed will destroy you, LOL!!!!That i pray!!!!

DamnYANKEE

Piss on dat KENYA MUZZY PORCH MONKEY . Nuther KNEE GROW whos Never worked a Day in his Life . Just like BERNOUT Sanders

America Only Loc: From the right hand of God

I have Obama's HIKE..h*****g....yep...h*****g.....weeee haaaw!

Kevyn

President Obama will end his term and retire comfortably after serving our nation with honor and distinction. You on the other hand will continue to milk billy goats and guzzle the milk your effort produces angry and confused as to why the flavor is not to your liking. Once you figure it out if you ever do you have so much invested in the lie you told yourself you just swallow as you always have.

PeterS

You know, them n****rs just can't get off of them government handouts. Thing is, he will probably get it too! Them RINO's just love to dole out other people's money!

grumpymarine Loc: Florida

Serving with honor and distinction? Won't say radical Islamist?

You really have things backwards.

Radiance3

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The 18% retirement increase is payback for his several golf course activities, parties, fund raising for re-e******ns, multi-billion dollar vacations, escapes from several tragic events that happened to our country, and just good times with his family spending hundreds of millions of our tax dollars around the world. It is nice to be US president, staying and partying at the WH. What a lucky man!
While our country is exploding, and fellow Americans are bleeding, heads cut off, or massacred by Islamic Jihad, due to his JV Team, and Islam, the religion of peace!