PACs

People often ask how a politician can become so wealthy. Many earn extra funds by giving speeches and writing books but one way that is often overlooked, perhaps on purpose, is something called a leadership PAC. In a regular PAC the left over funds from a campaign cannot be used for personal use but a leadership PAC is not covered by these rules. A leadership PAC is established and controlled by an individual holding public office and candidates can transfer left over funds into this PAC and the personal use rule does not apply. You can use it for travel, you can use it for dinner, concert tickets, all in the name of fundraising. There's just not that much scrutiny on it. And politicians have used their leadership PACs quite lavishly. It could make for a nice retirement plan when a Pol leaves officer by choice or otherwise.