Why are Former Presidents Still Sponging Off the American People?... It's Fraud and Waste of Taxpayers' Hard Earned Money!

Submitted by SadInAmerica on Tue, 05/08/2012 - 12:02pm.

 

president-leaches

It’s not only infuriating to know that we have ex-presidents sponging off of the American people, but doing it while trying to tear apart our republic is going too far, and in my opinion should be looked at as fraud. We have billionaires such as the Bush family pulling this garbage on the American taxpayers, while accomplishing nothing to help Americans regain control of our republic.

This idiocy must be put to an end, and now. These birds must be forced to pay back the millions in which they have stolen from the American taxpayers.

This provision was put into place for past presidents that weren’t billionaires, and was never repealed. Get rid of the fraud and waste and we will be that much closer to a “Free Republic”.

More below:

Spinners and Winners

You could call it welfare for former Presidents.

It’s a little-noticed part of the federal budget:  Each year U.S. taxpayers pick up the tab for the expenses of our former Presidents.  For the likes of Carter, Clinton and Bush that means free rent, postage, phone and office staff — all courtesy of the U.S. taxpayer.

In 2010, taxpayer-financed expenses included $15,000 for Jimmy Carter’s postage, $579,000 for Bill Clinton’s rent and a whopping $830,000 for George W. Bush’s phone bill.  It adds up:  All told, U.S. taxpayers were on the hook for more than $3 million of expenses for the four surviving former U.S. presidents.

They certainly don’t seem to need the money.  These days being a former U.S. President is a lucrative business.  After all, Bill Clinton raked in more than $10 million just in speaking fees last year.  George W. Bush made even more:  $15 million just for giving speeches.

This entitlement for the very rich was put in place when at least one former president wasn’t rich.  Congress created this presidential entitlement in 1958 because Harry Truman couldn’t afford to pay his bills.

Now that former presidents have plenty of cash, Rep. Jason Chaffetz, R-Utah, is leading a bipartisan effort to end the gravy train, cutting off taxpayer-paid expenses for any ex-president making more than $400,000 a year.  His bill recommends limiting presidents to a $200,000 annual pension and $200,000 in annual expenses, unless their personal income surpasses that.

“Presidents should get a compensation package.  They should get a retirement, and they should get some expenses,” says Chaffetz. “But if they’re going to go out on the trail, and they’re going to give speeches, write books and make money, then there comes a point where you say, okay, the tax payer shouldn’t be responsible for also footing the bill for the office expenses, and the telephone paper, and the personnel, and those offices.”

Check out this week’s Spinners and Winners to see why ex-presidents are so costly, and what other efforts are being considered to try to reign in those costs” 

 

Mark Schumacher - May 8, 2012 - FromTheTrenchesWorldReport

 

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Submitted by SadInAmerica on Tue, 05/08/2012 - 12:02pm.

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