It was June 9, 2014 when Hillary declared that upon leaving the White House, she and Bill were “dead broke.”
The woman who now wants to be president certainly knows how to solve her financial problems.
Welcome to the Clintons’ $11 Million Dollar mansion in New York state:
Upon leaving the White House, the Clintons put themselves in a financially precarious position by purchasing this estate in order to position Hillary for a carpetbagger position as Senator of a state she knew little about.
Success! Hillary was elected, and went on to accomplish absolutely nothing as a Senator, except to gain “DC street cred” for her potential run as president.
Because of her short stint as a Senator, Hillary qualifies for the “congressional retirement staffing plan” which means that if she never gets re-elected, she receives her Congressional salary until she dies. If Bill survives Hillary, he would inherit her retirement until he dies, and of course Hillary wins, if the situation is reversed.
In fact, his presidential retirement benefits cost taxpayers almost as much as those of the other two living ex-presidents combined.
The price tag for Clinton’s federal retirement allowance from 2001 through the end of this year will run $8 million, compared to $5.5 million for George H. W. Bush’s and $4 million for Jimmy Carter’s during the same period.
Since 2001, Clinton has received more of almost every benefit available to former presidents — from his pension, to his staff’s salaries, and benefits to supplies. His $420,000 phone bill and $3.2 million office rent tab both nearly surpassed the totals rung up for those purposes by Bush, Carter and the late former presidents Gerald Ford and Ronald Reagan combined. As a group, they spent $484,000 on telephone service and $3.8 million on rent in the same span.
The figures come from congressional reports studying the presidential retirement program and from summaries of annual budget requests by the U.S. General Services Administration, which administers the program. The Former Presidents Act was created to allow former presidents to enjoy dignified retirements without having to take jobs that demean or commercialize the presidency.
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Some of Clinton’s greater spending stems from the fact that he served eight years in office, qualifying him for a federal health insurance plan unavailable to one-term presidents, and that he selected office space in the high-priced Manhattan market.
Politico’s analysis comes on the heels of the release last week of seven years worth of Clinton family tax documents. They showed that the Clintons pulled in $111 million in total income from 2000, their last year in the White House, through 2007.
Clinton’s 20 Acre – $11 million mansion is common knowledge. For her to establish NY residency, they purchased this mansion in
upscale Chappaqua, New York ….makes sense.
They are entitled to Secret Service protection for life. Still makes sense.
Here is where it becomes interesting.
Their mortgage payments are around $10,000/month. But an extra residence had to be built by the government on the acreage to house the Secret Service Agents. Any improvement to the property is owned by the property owners…the Clintons.
So….the Clintons charge the federal government $10,000 monthly rent for the use of the extra residence to house the Secret Service staff which is just about equal to their mortgage payment.
He is the ONLY ex-president to use this loophole, thus earning the name ‘Slick Willie’.
This means that we, the taxpayers, pay the Clintons’ salaries, mortgage, transportation, safety and security as well as the salaries for their 12 man staff and it is all perfectly legal.
Governor’s pension, Hillary’s Secretary of State pension, and now the Clinton Foundation crony capitalism. No wonder Hillary hasn’t complained about finances post-Clinton Foundation.