Originally Posted by Rochard

Every US president either was a millionaire or will become one shortly. Just four years in office at $400k a year.... Keep in mind they live in the White House and have ZERO expenses for the duration - never fills up a single gas tank or buys a single meal. Then book deals, speaking engagements.... Good gig really.

Originally Posted by uno

They have to pay for certain things:

http://answers.google.com/answers/th...id/726988.html

Originally Posted by Agent 488

you're a dumbass straight out of central casting.

http://en.wikipedia.org/wiki/529_plan

Originally Posted by Vendzilla

I didn't know about the 529 plan, when I read it, I thought is was 529 different plans

So if Barry is so smart with his money, why can't he use that on our money?

Originally Posted by Vendzilla

I didn't know about the 529 plan, when I read it, I thought is was 529 different plans

So if Barry is so smart with his money, why can't he use that on our money?

Originally Posted by Rand

"George Washington was worth more than half a billion in today's dollars. Several presidents went bankrupt."

For an interesting peak at which presidents were the wealthiest, and not, this article shows you each of them from Washington to Obama and just how much wealth they accumulated.



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Originally Posted by jimmy-3-way

Because the Republicans are standing in his way.

Originally Posted by SallyRand

http://money.cnn.com/2011/05/16/news...dex.htm?hpt=T2

Obama's money: Heavy on Treasuries

By Jennifer Liberto @CNNMoney May 16, 2011: 5:31 PM ET

"WASHINGTON (CNNMoney) -- A big portion of President Obama's wealth is invested in federal debt, according to a financial disclosure form released Monday.

The president and First Lady Michelle Obama had assets valued between $2.8 million and $11.8 million in 2010.

And between $2 million and $10 million of their assets are invested in super-safe U.S. Treasury securities, according to the disclosure form. That's up from $1.5 million to $6 million reported invested in Treasury notes and bills in 2009.

The report uses broad financial ranges, making a more precise accounting impossible.

The president and First Lady reported no debts.

They also have between $350,000 and $800,000 invested in IRAs and other retirement funds, according to the form.

And the couple has between $200,000 and $500,000 squirreled away in 529 college savings plans for their daughters Malia and Sasha. That's up considerably since the president took office. In 2008, the Obamas reported between $50,000 and $100,000 in such savings.


Much of the Obamas' wealth comes from President Obama's best-selling books "Dreams from my Father" and "Audacity of Hope."

Last year, the Obamas earned at least $1.1 million in royalties from books. On their 2010 tax returns, they reported an adjusted gross income of $1,728,096.

But their book royalties have dropped from 2009, when they raked in more than $5 million in royalties.

The president's children's book, "Of Thee I Sing," published last November, earned him a $134,000 advance. He is donating that money and all proceeds from the book to the nonprofit Fisher House Foundation for a scholarship for children of fallen and disabled soldiers.

Obama's annual salary as president in 2010 was $395,188.

Michelle Obama received $10,000 from a trust called the Henry G. Freeman Jr. Pin Money Fund set up for first ladies, who don't draw a salary. The fund was set up in 1917 to augment presidential salaries. "