Harry Reid Wants to Use $600K of Unspent Campaign Funds for Retirement

Just how Harry Reid became a wealthy man during a lifetime in politics is the subject of a Wall Street Journal editorial that questions the Democratic Senate majority leader's ethics.

"[Reid] attributes it to shrewd investing, and we wonder if that includes the sweetheart retirement deal he's trying to score with some $600,000 in campaign and political action committee funds," the Journal writes.

"Federal Election Commission regulations allow former Members of Congress to use leftover campaign funds for things like organizing their congressional papers, but spending campaign cash for personal use has long been prohibited."

The Journal says Reid, who isn't seeking re-election, argues his long career in public service creates retirement costs requiring a personal assistant and he initially sought FEC approval "consistent with the agency's precedents."

The newspaper says Reid cited a 2001 advisory opinion allowing former Sen. Bob Kerrey to pay a public relations company to handle media questions about his Vietnam service because "issues had arisen during his time in public office.

More at:
[link to www.newsmax.com]

Last Edited by Doc Savage on 02/01/2016 12:16 AM