Obama Vetoed Bill That Would Have Cut His Pension [VIDEO]
Secret service for life and a lifetime pension for himself, no matter what.
That’s what the Pied Piper of Poverty, Barack Obama set up for himself.
There is no doubt that Obama “laid some pipe” on the people who voted for him. And he did it without their consent.
The man who claimed he would fight for Main Street over Wall Street accomplished quite the opposite.
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According to CBS,
The research, published by the Washington Center for Equitable Growth, shows that Americans still haven’t regained the ground they lost in the epic downturn that followed the 2008 financial crisis.
Notably, it also highlights that a corrosive defect in the economy — inequality — is getting worse. Saez found that the top 1 percent of income earners continue to outperform the rest of American families, with the richest workers enjoying income gains of 7.7 percent last year.
The greatest transfer of wealth to the 1% in HISTORY
That’s what Obama accomplished.
So why not make sure that he got what was coming to him as well? Thus, many argue that Obama’s so-called “fight” with Wall Street led to his new $400,000 per speech salary.
And this argument is bolstered by the $60,000,000 book deal Obama received, said to be a record. And why shouldn’t it be? He’s black.
Leftists are quick to point out that Obama is now a “private citizen” and entitled to make as much money as he wants. That argument would have more standing, had Obama not promised to fight for the “little man”, yet deliver so gloriously for the Fat Cats.
Again, the man who changed the rules by to Secret Service for life harbors a secret. As USA Today reports,
WASHINGTON — Last year, then-president Barack Obama vetoed a bill that would have curbed the pensions of former presidents if they took outside income of $400,000 or more.
So now that former president Barack Obama has decided to accept $400,000 for an upcoming Wall Street speech, the sponsors of that bill say they’ll reintroduce that bill in hopes that President Trump will sign it.
“The Obama hypocrisy on this issue is revealing,” said Rep. Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee and sponsor of the 2016 bill. “His veto was very self-serving.”
Chaffetz and Sen. Joni Ernst, R-Iowa, the sponsor of the companion Senate bill, say they will re-introduce the Presidential Allowance Modernization Act this month. The bill would cap presidential pensions at $200,000, with another $200,000 for expenses. But those payments would be reduced dollar-for-dollar once their outside income exceeds $400,000.
The issue isn’t a partisan one — or at least, it wasn’t last year. The bill passed both the House and Senate with no opposition, and no veto threat had come from the White House.
So when Obama’s veto came one Friday night last July — on the last day for him to sign or veto the legislation — it took lawmakers by surprise. It was the 11th of Obama’s 12 vetoes.
At the time, Obama argued that the bill would have “unintended consequences” and “impose onerous and unreasonable burdens” on former presidents by requiring them to immediately lay off staff and find new office space.
The unintended circumstance that Obama might have to pay his staff…ON HIS OWN?
Is Obama arguing that $400,000 a year is NOT RICH?
And here I believe him when he said that a couple, repeat, a couple making $250,000 a year was rich, and he’s worried about the unintended consequences of royalty? Because former presidents and First Ladies are far from ordinary couples.
Obama is full of self-serving contradictions. However, he’s fortunate to have people who willing overlook his obvious narcissism and double-standards.