It was June 9, 2014 when Hillary declared that upon leaving the White House, she and Bill were “dead broke.”
Welcome to the Clintons’ $11 Million Dollar mansion in New York state:
In fact, his presidential retirement benefits cost taxpayers almost as much as those of the other two living ex-presidents combined.
The price tag for Clinton’s federal retirement allowance from 2001 through the end of this year will run $8 million, compared to $5.5 million for George H. W. Bush’s and $4 million for Jimmy Carter’s during the same period.
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The figures come from congressional reports studying the presidential retirement program and from summaries of annual budget requests by the U.S. General Services Administration, which administers the program. The Former Presidents Act was created to allow former presidents to enjoy dignified retirements without having to take jobs that demean or commercialize the presidency.
Some of Clinton’s greater spending stems from the fact that he served eight years in office, qualifying him for a federal health insurance plan unavailable to one-term presidents, and that he selected office space in the high-priced Manhattan market.
Politico’s analysis comes on the heels of the release last week of seven years worth of Clinton family tax documents. They showed that the Clintons pulled in $111 million in total income from 2000, their last year in the White House, through 2007.
upscale Chappaqua, New York ….makes sense.
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