OF THE
TIMES
Every former president gets an office, expenses and, in some cases, an annual pension payment, thanks to a 1950s-era law enacted after former President Truman struggled for income when he left the White House in 1953.
While most ex-presidents since Truman have found ways to make their life beyond the Oval Office financially rewarding, the taxpayer-funded perks have remained - and Mr. Obama is the latest to take them. (The Washington Times)
The biggest expense for former presidents is the cost of rent for their office spaces - especially for Obama and Clinton since their offices are in Washington, D.C. and New York City, respectively. Obama's will cost $536,000 next year, while Clinton's is $518,000. Bush 41's office in Houston costs $286,000 and Bush 43's in Dallas is $497,000. Carter's Atlanta office is only $115,000.
Obama also has the most expensive pension.
Mr. Obama's pension payment is also the highest, at $236,000. Mr. Clinton is second with $231,000, followed by the younger Mr. Bush at $225,000, the CRS memo says, citing figures from the General Services Administration, which administers the 1958 Former Presidents Act.

Comment: The North Korea issue will be a real test for the BRICS: Can the BRICS hold the line on US war with North Korea?