Obama: Deficit Will Be $9 Trillion, But I'm Off To Vacation on Martha's Vineyard

An ironic juxtaposition of news links on Drudge Report today. President leaves Washington for summer vacation, after he hiked 10-year budget deficit projection from $7 trillion to $9 trillion.


The AP article about presidential vacation says the Obamas will pay their share of $35,000 per week rent on their vacation home. (Wonder how big their share is...)

For those of you who are jealous because you don't get to vacation in Martha's Vineyard (or for that matter anywhere else), the U.S. president earns $400,000 a year salary, along with $50,000 a month expense account, $100,000 non-taxable travel account, and $19,000 for entertainment (Wikipedia.org), and free housing.

President Obama is, just like his predecessor, independently rich, mostly from his book royalties. By one estimate, his net worth is over $8 million.

(By the way, today's (8/21) Mega Million Jackpot is $207 million. Good luck.)

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