Politics

Obama is Earning More Than Any Former President – And Costing The Taxpayers

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OPINION | Last year the Obamas cost the U.S. taxpayer $1,153,000 according to the Congressional Research Service, more than George H.W. Bush ($942k) and Jimmy Carter ($456k).

The biggest expense for former presidents is office space. Obama’s 8,198 square foot office in Washington D.C. cost taxpayers $536k last year, the most of any former President.

Clinton’s cots $518,000 (with 8,300 square feet), and Carters costs $518k. W. and H.W.’s offices cost $497k and $286k respectively, while Carters costs only $115k.

Obama also has the fattest pension of any former president at $236k, slightly higher than Clinton ($231k) and the younger Bush (225k).

This year the Obamas will cost the taxpayer $1,176,000, with the following breakdown of costs (note that all figures are in thousands). Secret Service costs are not included in any calculations, because that information is classified (but obviously add to the overall cost).’

They’ve upgraded their lifestyles quite a bit with the cash in hand. In 2017 they purchased an 8,200 square foot mansion in Washington D.C. for $8.1 million – the second most expensive home in the neighborhood after Amazon.com CEO Jeff Bezos.

This year the two are shelling out $14.8 million for a 7000 square foot, 29 acre beach side property in Martha’s Vineyard (I guess they’re not too concerned about rising sea levels).

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