Report: Taxpayers Could End Up Footing
the Bill for Obama Presidential Library
Breitbart,
by
Lowell Cauffiel
Original Article
Posted By: ConservativeYankee,
9/28/2025 9:04:53 AM
Chicago taxpayers could be on the hook for hundreds of millions of dollars for the costly Obama Presidential Center after new tax filings show the Obama Foundation has only deposited $1 million into its promised $470 million reserve fund.
That’s the conclusion of an in-depth report by Fox News as it looked at what it described as a “sweetheart deal” to create the reserve fund “to spare taxpayers should the project ever go belly up.”
The center will serve as Obama’s presidential library.
According to the report:
Under its agreement with the city, the [Obama] foundation was required to create the fund, known as an endowment, to take control of a sprawling 19.3-acre section
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Reply 1 - Posted by:
downnout 9/28/2025 9:10:19 AM (No. 2009977)
Is anyone surprised? Grifters are gonna grift….
32 people like this.
Reply 2 - Posted by:
BarryNo 9/28/2025 9:17:28 AM (No. 2009980)
I guess he doesn't need a library, then?
Also, weren't there reports of funds, donated to this boondoggle, being diverted to lefty protests, or something? That's fraud, isn't it?
40 people like this.
Reply 3 - Posted by:
bpl40 9/28/2025 9:32:30 AM (No. 2009985)
I am willing to pay ten folds if it is in his native country - Kenya.
26 people like this.
Reply 4 - Posted by:
VietVet68 9/28/2025 9:34:34 AM (No. 2009986)
Obama: "There was never a hint of scandal in my administration". He's right there wasn't just a hint of scandal, there was a literal tsunami of scandal and it continues during his post presidency. A leopard doesn't change his spots and Obama is as crooked today as he was when he was part of the Chicago political machine and when he was allowed to occupy the White House without even being a US citizen.
38 people like this.
Reply 5 - Posted by:
Italiano 9/28/2025 9:52:40 AM (No. 2009994)
A pull-chain toilet, a sink and a magazine rack. How expensive could it be?
26 people like this.
Reply 6 - Posted by:
paral04 9/28/2025 10:43:54 AM (No. 2010010)
The Obama got stinking rich from being in the Oval Office. Let them pay for their hideous monument to their egos.
27 people like this.
Reply 7 - Posted by:
WhamDBambam 9/28/2025 11:00:35 AM (No. 2010017)
Zippy apparently learned a lot from the Klintoons.
18 people like this.
If Chicago taxpayers are left "on the hook," the best they could do is make an event of the building's implosion and sell tickets.
21 people like this.
Reply 9 - Posted by:
mc squared 9/28/2025 11:06:23 AM (No. 2010020)
Why does it remind me of a penitentiary like the tombs in NYC? Maybe it wasn't a library at all, but something more sinister? Good luck, Illinois.
15 people like this.
Reply 10 - Posted by:
hershey 9/28/2025 11:10:47 AM (No. 2010027)
Serves them right since they were the ones that put this dotz in the Senate in the first place...what goes around comes around...
14 people like this.
Re #2, according to a recent report in the NY Post Obama's Library Foundation contributed $2 million to the Tides Foundation, the notorious funder of campus anti-Israel protests that frequently feature illegal harassment of Jewish students and building occupations. This is twice the amount it contributed to the "reserve fund." The Foundation also notoriously pays large salaries to several Obama hangers-on.
14 people like this.
Reply 12 - Posted by:
mifla 9/28/2025 11:21:12 AM (No. 2010036)
Chicago is a one party town, and the party is Dem.
The sheeple do as they are told, including paying more and more in taxes.
You cannot fix stupid.
11 people like this.
Reply 13 - Posted by:
Venturer 9/28/2025 12:00:23 PM (No. 2010055)
LMAO Chicago deserves this and much more .
Who was the idiot who designed this monstrosity? One of the ugliest buildings I ever saw a picture of, and you can rest assured that picture is as close as I will ever get to to monument to the Kenyan president.
11 people like this.
Reply 14 - Posted by:
DVC 9/28/2025 12:38:33 PM (No. 2010082)
NOT ONE PENNY. Never, no way.
8 people like this.
Reply 15 - Posted by:
NorthernDog 9/28/2025 12:46:23 PM (No. 2010086)
Looks like it was designed by 1970s Soviet architects.
7 people like this.
Reply 16 - Posted by:
Rumblehog 9/28/2025 12:47:32 PM (No. 2010089)
Obie Won can start by selling 4 of his 5 "residences" then use the profits to pay for his own sham lie-brary.
9 people like this.
Reply 17 - Posted by:
Strike3 9/28/2025 12:51:47 PM (No. 2010093)
If it's only Chicago taxpayers, that's fine with me. They have continued to elect the best democrat government that the city could afford since the 1970s. Surely they can cough up a few dollars for the struggling Obamas, their native children.
8 people like this.
Reply 18 - Posted by:
downnout 9/28/2025 1:41:05 PM (No. 2010119)
That tower, or whatever it is, is ugly, ugly, ugly.
6 people like this.
Reply 19 - Posted by:
Kafka2 9/28/2025 2:25:23 PM (No. 2010134)
Perhaps the Democrats can prevail on the DNC to pay for it. After all, he was their president.
5 people like this.
Reply 20 - Posted by:
rememberwhen 9/28/2025 3:02:56 PM (No. 2010145)
If the funding is not there, don't build it. Not one cent of taxpayer money should help pay for this monstrosity.
6 people like this.
Reply 21 - Posted by:
udanja99 9/28/2025 3:40:24 PM (No. 2010155)
It’s the ugliest building in the country. Just tear it down and return the park to the junkies.
5 people like this.
Reply 22 - Posted by:
itsonlyme 9/28/2025 5:57:14 PM (No. 2010195)
Hussein.....Hope and Change.....The Black Messiah
With his wife, the Always Angry Wookiee(sometimes in a hair bun) that despises whitey.
4 people like this.
Reply 23 - Posted by:
MickTurn 9/28/2025 8:15:46 PM (No. 2010214)
IF we pay for it, we get to design it. I would pick a 4 story Outhouse, and Obie gets to live on the first floor with all doors LOCKED, No windows.
3 people like this.
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