60 Minutes: “Washington’s open secret: Profitable PACs [TRANSCRIPT]

 

“Most Americans believe it’s against the law for congressmen and senators to profit personally from their political office but it’s an open secret in Washington that that’s not the case. As the saying goes the real scandal in Washington isn’t what’s illegal, it’s what is legal…

Peter Schweizer: I think campaign fundraising is increasingly not just about winning elections. It’s a lifestyle subsidy.

Peter Schweizer, is an author and fellow at the Hoover Institution. For the past few years, he and a team of researchers have been investigating the way congressmen and senators have personally benefited from the hundreds of millions of dollars in political contributions that have poured into the system.”

 

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