former President Barack Obama is continuing to set massive spending records — even though he’s not been in office for over 7 months.
In the fiscal year of 2018, Obama will have been granted over $1 million in taxpayer funds to provide him an office pace, six-figure pension, and other add-ons, officially making the 44th president the most costly of all living ex-presidents.
Overall, Obama will cost taxpayers $1,153,000 next year, according to a Congressional Research Service memo.
Obama’s total budget request amounts to more than $100,000 above the amount expected to be spent on former President George W. Bush, and about $200,000 higher than what former President Bill Clinton will get.
The United States will spend about $942,000 on former President George H.W. Bush and about $456,000 on former President Jimmy Carter.
Prior to Obama’s departure from office, George W. Bush had been the former president with the highest annual budget.
Presidents often gain significant income after they leave office. Obama, for instance, has already received $800,000 for two speeches.
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