Saturday, July 23, 2011

Slush fund - Wikipedia, the free encyclopedia

CHICAGO THUG USING HIS PRESSURE TACTICS TO LIE...

Image by SS&SS via FlickrSlush fund - Wikipedia, the free encyclopedia

Slush fund

From Wikipedia, the free encyclopedia

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Concepts
Political corruption
Corruption Perceptions Index, 2010
Electoral fraud · Economics of corruption Nepotism · Bribery · Cronyism · Slush fund
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A slush fund, colloquially, is an auxiliary monetary account or a reserve fund. However, in the context ofcorrupt (including but not limited to) political dealings by governments, large corporations or other bodies and individuals, a slush fund can have particular connotations of illegality, illegitimacy, or secrecy in regard to the use of this money and the means by which the funds were acquired.

Political dealings with slush funds tend to create suspicions of quid pro quo (buying political favors), and can be viewed on the surface as corrupt and subversive of the democratic process. For example,Richard Nixon's "Checkers speech" of 1952 was a successful effort to dispel a scandal concerning a rumored slush fund of campaign contributions.

The term slush fund is used in accounting to describe a general ledger account in which all manner of transactions can be posted to commingled funds and "loose" monies by debits' and credits' cancelling each other out.

[edit]Etymology

The term slush fund was originally a nautical term: the slush was the fat or grease that was obtained by boiling salted meat, the sale of which could then be used to provide the crew with special luxuries. The money obtained from this sale was placed into the slush fund.^[1]

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Since taking office, Obama has invested billions of taxpayer dollars in private businesses, including as part of his stimulus spending bill. Many of those investments have turned out to be unmitigated disasters — leaving in their wake bankruptcies, layoffs, criminal investigations and taxpayers on the hook for billions...............Didn't think you were hiring a stock broker when you voted him in did you? Obama thinks your money is his to piss away on big likely to fail companies (more like funnels for cronies to sift dollars through the untraceable system of alternative energy company fronts) Where did the trillions go? He's still in office....THAT'S where the staggering amount of tax payer's dollars went: payoffs, bribes, organized mob scenes, extravagant daily life on top of wildly frequent vacations, just to mention a few.

Oh, and he pitches a baseball like a prissy, frail girl...