Since leaving office January this year, former Democratic President Barack Obama has been keeping busy on what appears to be a permanent vacation. He has been parasailing with billionaire Virgin founder Richard Branson, taking in the sights in Ibiza, Spain with his shopping addict wife Michelle and, of course, going golfing.
Amid all this leisure, ex-President Obama has also been spending time at his new house in Washington, D.C. working with radical progressive groups training young people to be part of the so-called “Resistance” against President Trump. All this time, nauseatingly, Barack Obama has been collecting pension paychecks courstesy of American taxpayers.
Thankfully, that may change very soon. According to the Daily Caller, a new bill has been advancing through the Senate that would get American taxpayers off the hook for giving President Obama a pension that he clearly does not need.
The bill was introduced by Republican Senator Joni Ernst of Iowa and, if passed, would cap pensions for former presidents at $200,000, with increases pegged directly to increases of cost of living.
Better yet, if the former president earns more than $400,000 a year, for every dollar they earn over that amount, a dollar will be taken away from that $200,000 pension. In Obama’s case, he is already well over the $400,000 mark due to book sales and speaking fees. Therefore, if Sen. Ernst’s bill is signed into law, there is a very good chance Barack Obama will get no money from American taxpayers for his pension, at all. Are you glad in the future you may not have to pay for Obama’s retirement?