Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Liz

No ex-president needs an 8000 sq foot office on our dime.


18 posted on 09/01/2017 1:44:25 PM PDT by GnuThere
[ Post Reply | Private Reply | To 1 | View Replies ]


To: All
House bill would stop 'subsidizing' ex-presidents getting rich from speaking fees
(and foundation extortion, big buck book deals, insider business deals, and consulting fees)

Three House members proposed legislation that would cut federal compensation given to former presidents of the United States (who shamelessly exploit the presidency by demanding huge payments).

They argue former presidents are able to earn a decent living on their own — often on the lecture circuit — and that cutting compensation could save taxpayers as much as $3 million per year.

"Reports actually indicate that between book tours and speaking fees, these men are making millions of dollars a year," he added. "There's little reason why American taxpayers should be subsidizing these former presidents when they're doing fine on their own."

Under the bill, former presidents would receive $200,000 a year in pay, plus a $200,000 "monetary allowance." But the bill would also cut these payments dollar for dollar for all money earned by former presidents above $400,000, so that anyone earning millions on the lecture circuit would receive nothing.

"This bill will ensure that taxpayers do not needlessly provide for former presidents' retirements if those presidents are financially successful in the years after their service," Altmire said. "If the American people are being asked to make sacrifices as we get our economy moving again, it makes sense for elected officials, who already are financially stable, to do the same."

The bill would also increase the annual benefit given to surviving spouses of former presidents, from $20,000 to $100,000 a year.

The contents of this site are ©2017 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.

SOURCE http://thehill.com/blogs/floor-action/house/213243-house-bill-would-cut-payments-to-bush-clinton-other-successful-former-presidents

20 posted on 09/01/2017 1:51:41 PM PDT by Liz (Four bo.s to defend liberty: soap, ballot, jury and ammo; used in that order.)
[ Post Reply | Private Reply | To 18 | View Replies ]

To: GnuThere
No ex-president needs an 8000 sq foot office on our dime.

If they want an office they can get their cronies to pay for it. F**K all of them. They are all parasites IMO.

23 posted on 09/01/2017 1:54:36 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
[ Post Reply | Private Reply | To 18 | View Replies ]

To: GnuThere
This started because Herbert Hoover (vilified by Democrats) had a big heart and headed up relief efforts to feed starving children in two world wars (they never give him credit for that).

Hoover was a self-made man who thought it was scandalous that Harry Truman served for just 3 months shy of eight years, didn't use the office to enrich himself, and left office nearly broke. He carried his own suitcases to Union Station to catch the train back to Missouri.

28 posted on 09/01/2017 2:00:33 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson