Tuesday, July 26, 2016

Presidents for life

What will Obama do after the presidency?

There will be 5 living ex-Presidents.

Carter, Clinton, Obama, and the 2 Bushes.

In 1958, Congress passed the Former Presidents Act to "maintain the dignity" of the office by not forcing former presidents to have to get a real job. 

Former presidents get paid as if they were a Cabinet secretary (currently $205,700 a year) for life, plus health benefits and around-the-clock Secret Service protection.

The law also gives former presidents an office, staff and expenses for life. 

President George W. Bush, for example, received an allowance of nearly $1.1 million in 2015, according to the General Services Administration. 

Congress passed a bill this month to curtail those expenses, which Obama vetoed last week.

Former presidents also get classified security briefings and are often called upon to advise their successors. 

Democratic presidential nominee Hillary Clinton told CBS's 60 Minutes Sunday that she plans to consult Obama regularly. 

"You know, I've already put him on notice. I'm going to be picking up the phone. I'm going to be calling and asking for his advice," she said.

No comments:

Post a Comment