Wednesday, March 27, 2013

America, you too?



We tend to complain a lot when our government in Nigeria spends money on ex politicians especially ex presidents but I just got a report that shows America spent about 3.7million dollars on four of its ex presidents in 2012…that’s in just one year, similarly about  3.9million dollars was spent in 2011

The report says Departing presidents get extra help in the first years after they leave office, one reason that Bush's costs were higher than other living ex-presidents. The most recent ex-president to leave the White House, Bush was granted almost $400,000 for 8,000 square feet of office space in Dallas, plus $85,000 in telephone costs. Another $60,000 went to travel costs. A total of $1.3 million was spent on George W. Bush.

President Bill Clinton came in second at just under $1 million, followed by George H.W. Bush at nearly $850,000. Clinton spent the most government money on office space: $442,000 for his 8,300 square foot digs in New York's Harlem neighborhood.
Clinton's predecessor, President George H.W. Bush, received about $840,000 in federal funds last year. Costs for Jimmy Carter, the only other living former president, came in at about $500,000.

It also states Widows of former presidents are entitled to a pension of $20,000, but Nancy Reagan, the wife of former President Ronald Reagan, waived her pension last year. The former first lady did accept $14,000 in postage.

Mind you, the cost totals for ex-president don't include what the Secret Service spends protecting them, their spouses and children. Those costs are part of a separate budget that isn't made public.’’

Funding for ex-presidents under the Former Presidents Act dates back to 1958, when Congress created the program largely in response to President Harry Truman's post-White House financial woes, the Congressional Research Service said. The goal was to maintain the dignity of the presidency and help with ongoing costs associated with being a former president, such as responding to correspondence and scheduling requests.

So naija we might not be alone in spending money on our ex presidents

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