On Capitol Hill, some are hoping to stop this sort of government spending, considering how lucrative life can be now for ex-presidents.
Jason Chaffetz, a Republican congressman from Utah, is pushing legislation — called the “Presidential Allowance Modernization Act” — that would eliminate a dollar of taxpayer funding for every dollar an ex-president earns over $400,000 a year.
“Nobody wants our former presidents living the remainder of their lives destitute,” Chaffetz said in February, announcing the bill. “But the fact is none of our former presidents are poor.”
Indeed, George W. Bush earned an estimated $15 million in speaking fees from the time he left office through May of 2011.
By July of 2012, Clinton had made approximately $89 million from paid speeches in his post-presidency.
George H.W. Bush was worth around $23 million in 2011, earned through his years in business and investments.