Former President Barack Obama is on track to become the most expensive ex-president for American taxpayers, since his requested 2018 budget will cost taxpayers $1,153,000, according to the Congressional Research Service.
The Washington Times obtained a memo from the Congressional Research Service that showed the budget requests of all five living ex-presidents, and Obama’s is $100,000 more than former President George W. Bush’s request and $200,000 more than former President Bill Clinton’s.
Former President George H.W. Bush’s expected budget clocks in at $942,000, while Jimmy Carter has the least expensive budget at $456,000.
The Former Presidents Act, enacted in 1958 after former President Harry Truman reportedly went broke after leaving the White House, ensures that all living former presidents are entitled to benefits such as a pension and office space.
H/t reader kevin a.
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