Michelle Obama is reportedly livid that President Donald Trump is preparing to sign a bill into law that would cut her husband off from his six figure pension.
Right Wing News reported that during their time in the White House, Barack and Michelle Obama forced taxpayers to pay $114 million to fund their lavish vacations and extravagant lifestyle. Now, they expect taxpayers to fund Barack’s annual $400,000 pension, but Trump is not having any of it.
In 2017, Obama vetoed a bill that would have curbed the pensions of former presidents if they took outside income of $400,000 or more. Republican lawmakers have now presented this bill once again, and Trump likely will not veto it as his predecessor did.
Introduced by Republican Iowa Sen. Joni Ernst, the bill would cap the pensions at $200,000, with adjustments made for the increase in the cost of living each year.
The bill also makes it so that for every dollar above $400,000 that a president makes from things like speeches and other post-presidential events, one dollar would be taken off their pension. Obama has been making over $400,000 for numerous individual speeches since leaving office.
“Our national debt now exceeds $20 trillion; this bipartisan effort is another important step toward reining in Washington’s out-of-control spending,” Ernst explained.
Barack and Michelle just signed a major deal with Netflix, so they don’t need our taxpayer dollars at all.
“One of the simple joys of our time in public service was getting to meet so many fascinating people from all walks of life, and to help them share their experiences with a wider audience,” the former president said in a statement. “That’s why Michelle and I are so excited to partner with Netflix – we hope to cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between peoples, and help them share their stories with the entire world.”
Michelle can whine about this all she wants to, but Trump is about to cut her off! SHARE this story if you support this bill!