Posted on 10/15/2018 7:15:44 PM PDT by yesthatjallen
I think his name is Robert Francis O’Roark. He has less Spanish blood than Pocohantis.
Any unspent money can also be donated to charity. For this reason, many politicians (e.g. the Clintons) have personal or family foundations from which they can pay “expenses” such as a daughter’s wedding.
I think he gets to retire a multimillionaire w/o ever having done anything...
“public hair”
No.., it’s private hair;)
...O’Roarke?
it’s O’Rourke...
Who cares? Not me.
Humming - Money, money, money, money
He’s proud he’s richer than Ted. Now, he’ll be even richer than Ted.
“Any unspent money can also be donated to charity. For this reason, many politicians (e.g. the Clintons) have personal or family foundations from which they can pay “expenses” such as a daughter’s wedding.”
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What toadies they are!!!!
My understanding was along those lines, also. So it's a future political war chest with some slush-fund characteristics (you can always overpay your staff, or have a cushy office).
Since Beto is a young man, any leftover funds will be around for a long time. I wonder, though, what happens to a politicians accumulated campaign funds if he passes? Does it become part of his estate? Does it revert to a Party? Does it go to the government? Because, clearly, it can't be used for anything even vaguely related to its initial use.
Some clues here:
https://www.fec.gov/help-candidates-and-committees/making-disbursements/personal-use/
And here:
https://www.opensecrets.org/news/2018/02/cash-on-hand/
Thank you!
That’s good information.
Clearly, it can be abused, with the somewhat sujective interpretation of the “irrespective” test, and a host of other self-dealings, but at least there are some general parameters set on the usage of excess/leftover funds.
Doncha just love auto correct?
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