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

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” 

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