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Final results have been announced. Outgoing President Donald Trump will leave the White House in two and a half months. You have to retire from government service for at least 4 years. But for Trump to resign the presidency, public spending in the United States will not be too low.
You will receive a considerable pension for life. You will find a great place to run an office in the bright United States. The government will bear all the expenses. All the expenses of keeping many employees in that office. Plus, you’ll get a great deal of travel and phone dollars. And for the rest of his life, he and his family will benefit from the security of the Secret Service. All expenses of which will be borne by the general public through your income tax filed.
Not just Trump, but the 45 US presidents who have retired for the rest of their lives, are allocated huge sums of money in their annual budgets, including public sector pensions. According to the United States Constitution, which began in 179 after the first President George Washington assumed power.
All former presidents receive the same salary as current members of the president’s cabinet, in accordance with the United States Constitution. In 2016, that amount was 2 lakh 6,600 per year. There are no other concessions, remember.
The budget proposal that was presented to Congress in 2016 indicated that the cost of former President Barack Obama’s office space was 5 lakh 36 thousand dollars. Another former president, George HW Bush, received £ 6,000 for his trip.
Not only that, the husband or wife of the former president is entitled to a large pension in the Constitution of the United States. Not too low! 20 thousand dollars a year. Lifetime. They also receive all travel, telephone and communication expenses.
In 2015, more than £ 200,000 was allocated for the safety of former President Jimmy Carter and his family. And that cost was £ 600,000 for another former president, George W. Bush.
Additionally, former US presidents can earn a lot of money writing autobiographies, becoming members of the board of directors of a recognized corporate entity, or giving inviting speeches around the world. That right is enshrined in the Constitution of the United States.
After retiring, former President Bill Clinton earned £ 75 million by speaking at various venues alone. And by printing his autobiography, he made a million and a half dollars.
Outgoing President Trump will have all these opportunities.
Source: Anandabazar
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