Taxpayers will hand over $1,153,000 next year to Barack Obama to help cover his post-presidency expenses, according to the numbers from the Congressional Research Service. That will make him the most expensive ex-president to date.
The Washington Times explains what’s going on:
Every former president gets an office, expenses and, in some cases, an annual pension payment, thanks to a 1950s-era law enacted after former President Truman struggled for income when he left the White House in 1953.
While most ex-presidents since Truman have found ways to make their life beyond the Oval Office financially rewarding, the taxpayer-funded perks have remained — and Mr. Obama is the latest to take them.