Government Watchdog Calls Clinton Foundation A "Slush Fund"
“It seems like the Clinton Foundation operates as a slush fund for the Clintons,” said Bill Allison, a senior fellow at the Sunlight Foundation, a government watchdog group once run by leading progressive Democrat and Fordham Law professor Zephyr Teachout. …
The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid. …
On its 2013 tax forms, the most recent available, the foundation claimed it spent $30 million on payroll and employee benefits; $8.7 million in rent and office expenses; $9.2 million on “conferences, conventions and meetings”; $8 million on fundraising; and nearly $8.5 million on travel. None of the Clintons is on the payroll, but they do enjoy first-class flights paid for by the foundation.
In all, the group reported $84.6 million in “functional expenses” on its 2013 tax return and had more than $64 million left over — money the organization has said represents pledges rather than actual cash on hand.
If you looked at the U.S. economy under a microscope, what you’d see is a gigantic cancerous blob of cronyism surrounded by tech startups and huge prisons. If you zeroed in on the cancerous tumor, at the nucleus you’d see a network of crony institutions like the Federal Reserve, intelligence agencies, TBTF Wall Street banks and defense contractors. Pretty close to that, you’d probably find
the Clinton Foundation. A veritable clearinghouse for cronyism masquerading as a charity.
Unsurprisingly, I’m not the only one who has come to such a conclusion. In a New York Post article from Sunday that is generating a lot of buzz,
Bill Allison, a senior fellow at nonpartisan, nonprofit government watchdog group the Sunlight Foundation, is quoted saying:
It seems like the Clinton Foundation operates as a slush fund for the Clintons.
In case you’re wondering what might prompt Mr. Allison to make such a claim, it’s not just the recent pay-to-play scandals that have emerged.
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