Jason Chaffetz Targets Eliminating Overly Compensatory Presidential Pensions

ELDER PATRIOT – Earlier this year Norm Eisen, former chief ethics counsel for Barack Obama, told The Independent that he is suing President Trump for allegedly violating the so-called “Domestic Emoluments Clause,” that prohibits the President from receiving additional compensation besides his salary. 

It’s a stupid charge but one that leading Obama sycophants and Trump haters within the Democratic Party have been leveling against President Trump since before he took the oath of office.

Imagine these self-serving politicians, who enrich themselves at our expense while they hold positions of public trust and then after they return to private life, charging that if a successful businessman makes the American economy great again he would be violating the emoluments clause because a healthy economy could’ve only been achieved due to his own selfish motivations.

See the way it works in politics is businessmen are expected to give their money directly to the politicians’ re-election fund, or to their family members, and then they get what they want.  If Trump fixes the economy for every businessman then these hypocritical politicians lose their ability to sell their influence to the highest bidders. 

Trump spent a lifetime putting his money where his mouth is and even waived the $400,000 salary paid to presidents when he was elected.  Now Democrats, who have never hesitated to put your money where their mouth is, claim to be concerned about the emoluments clause.

These hypocrites had no problem with Hillary and Bill Clinton enriching their “foundation” by $2 billion by selling the assets of the American people to their donors.

Well, House Oversight and Government Reform Chairmen Jason Chaffetz finally

had enough of the hypocrisy and is planning to reintroduce a bill that former President Barack Obama vetoed before he left office.  The bill is aimed at cancelling presidential pensions if a former commander-in-chief earns outside income of at least $400,000.

Chaffetz is angered by Obama’s acceptance of a $400,000 fee for giving a speech to investment bank-Cantor Fitzgerald.  Obama regularly and publicly derided bankers and large corporations while doing everything possible to consolidate their wealth and power.

The proposed 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.

When originally submitted the bill passed both the House and Senate before Obama vetoed it. 

“The Obama hypocrisy on this issue is revealing,” Chaffetz, said. “His veto was very self-serving.”  Frankly, this bill has no chance of passing now that Congress actually has to send it to a president who would sign it. 

If the bill ever advances through both Houses of Congress it’s a virtual certainty that President Donald Trump will sign it.