Report: Congress using 'slush funds' to bankroll lavish lifestyles

October 21, 2013 / Written By The Five staff
AP

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·         60 Minutes: Congress Using 'Slush Funds' to Bankroll Lavish Lifestyles [LINK]

60 Minutes: Congress Using 'Slush Funds' To Bankroll Lavish Lifestyles

On Sunday, a 60 Minutes investigative report by veteran CBS reporter Steve Kroft and Government Accountability Institute (GAI) President and Breitbart News Senior Editor-at-Large Peter Schweizer revealed how leadership PAC loopholes allow members of Congress to convert campaign cash into lavish lifestyle upgrades for themselves and their family members. 

“It's another example, unfortunately, where the rules that apply to the rest of us, don't really apply to the members of Congress,” said Schweizer on 60 Minutes.

The report, which contained selected material from Schweizer’s forthcoming book Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets, revealed embarrassing and outlandish instances of cronyism and self-enrichment by members of Congress. Despite the fact that funds from leadership PACs are supposed to go to help elect fellow members of one’s own political party, lax campaign laws allow lawmakers to turn their leadership PACs into private slush funds to fund just about anything.

Read more at Breitbart.com

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