VIA| Last week, America learned that Barack Obama’s post-presidency will be filled with a lavish book deal worth a whopping $60 million and now he’s raking in $400,000 to give a speech to Wall Street.
Obama’s pay day was rightly mocked, as he routinely railed against so-called “fat cat” bankers on Wall Street, but now that he is out of the White House he’s perfectly content cozying up to them.
Now Congressman Jason Chaffetz is firing back, saying that Congress could go after Obama’s pension after news of the $400,000 speech was made public.
— FOX & friends (@foxandfriends) May 4, 2017
Chaffetz, who chairs the House Oversight and Government Reform Committee, says he plans to introduce a bill that would cap presidential pensions at $200,000, with another $200,000 for expenses, but the payments would be reduced once their outside income exceeds $400,000.
— Jason Chaffetz (@jasoninthehouse) May 4, 2017
Interestingly, the bill that Obama vetoed was totally non-partisan and unanimous, as it passed both the House and the Senate with no vocal opposition, and lawmakers were caught off-guard by the surprise veto. At the time, Obama justified his veto by citing supposed “unintended consequences” and how the bill would “impose onerous and unreasonable burdens” on past presidents, when in reality, Obama wanted to still receive a government check while receiving millions in additional income.
If Barack Obama, or any former president for that matter, is set to make several millions of dollars each year in book deals and speaking engagements then they do not need additional money from hardworking taxpayers who won’t make as much in a decade that Obama makes in one hour pandering to bankers.
It appears obvious that Obama’s opposition to the bill was clearly for selfish reasons, as he knew he would earn big bucks after leaving the White House.