Hillary Clinton: We came out of the WH "dead broke" and "in debt"

Well she had her family in bankruptcy several times in her cattle futures trading days, of course she had absolutely no memory of it.

And in spite of her husband being the Governor, she being a high placed attorney in one of the most prestigious law firms in the country, her sitting on the board of Wal-Mart she said the were broke when the entered the White House.

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The House does not singularly control spending. Right now the Democrat control spending because they control two of the three entities that do control spending.

 

Assume 5% interest on the bills, and the annual interest payment ($500,000) would exceed their combined gross salaries.

 

The Clintons were BROKE!!!!!!

What a narrative! What a joke and insult to everyone's intelligence.



How did they survive????

 

They got a $1.5 million interest free loan before they left the WH. Hillary got an $8 advance on her book before they left the WH. She had been a high place lawyer in a highly placed law firm before they entered the WH. She wrote three other books while in the WH. And yes Bill casued them lots of legal bills with his illegal behaviors but no reason to think they were broke or would be after they left the WH.

 

My apologies. I didn't expect you to take this narrative as a serious one. I stepped one step too far.

 

Yes, and I believe it has been pointed out numerous times that when they left the White House, they were deeply in debt. I realize they made money after that.

 

$8,000,000 advance on her book. Three books written and sold while they were in the White House. $1,500,000 interest free loan before they left the White House. And of course Hillary could have just invested in cattle futures again and made a fortune

Yeah Bill's illegal and unethical behavior along with her questionable business dealings and refusing to comply with subpoenas cost them some money but they could afford it.

 

They made money while in the White House with her book deals and interest free loans. And I thought she was some great lawyer, what happened to that money?

"In an interview with Diane Sawyer to air on Monday evening, Clinton explained that she and her husband had to earn millions from speaking engagements because they were so deep in debt. “We had no money when we got there, and we struggled to piece together the resources for mortgages for houses, for Chelsea’s education — it was not easy,” she told Sawyer.

But in a December 2000 article, the New York Times reported that then-senator-elect Clinton sold her memoir, Living History, to Simon & Schuster for $8 million. The newspaper described the effort to nab her book as a “frantic weeklong bidding war” after she held an open auction on the proposal.

Simon & Schuster had already published Clinton’s three earlier books: It Takes a Village: And Other Lessons Children Teach Us; Dear Socks, Dear Buddy: Kids’ Letters to the First Pets; and An Invitation to the White House: At Home with History. The publishing company is also releasing her latest book, Hard Choices, due out on Tuesday."

http://www.nationalreview.com/corne...leaving-white-house-broke-2000-andrew-johnson

She is either a liar and a total dunce at managing money.

 

The connservatives will believe any story the RW Propaganda feed them, they can't help it. They just don't have the capacity to develop independent thinking and separate fact from fiction..... to take the time to really think about the story they're fed and use some common sense.

I have some conservative neighbors I visit w/at times and it's amusing at times to watch them quickly jump to the defense of Bush when I'd say he got us into an unnecessary war in Iraq - to hell w/the men and women who died there - or bringing up his pathological lying, like "Iraq was an urgent threat" and that Hussein was involved in 9/11 etc etc..... con often insist on completely false claims their RW propaganda heros tell them, like Obama "doubled the debt", soldiers in Benghazi were told to "stand down", Obama is a Kenyan Muslim, etc etc.......

I often walk away just shaking my head at their blind idolatry, allowing themselves to be so dazzled and mesmerized by propaganda that they can't even think straight and lose all sense of rationale and logic.... if they ever had any to begin with..... which is doubtful.

Off topic opinionated rants are fun and easy, aren't they?

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Prove he had the advance on his book at the time they left the WH.

 

Did they? Interesting. That would be improper. Please affirm this wild claim with a citation.

 

She

"http://www.nationalreview.com/corner/379935/hillary-received-8-million-book-advance-leaving-white-house-broke-2000-andrew-johnson"

 

You don't remember the issue with the Terry McCauliff loan?

Clinton's Home Loan Deal Raises Questions

http://www.washingtonpost.com/wp-srv/politics/campaigns/keyraces2000/stories/house090499.htm

 

So they did have no money when they left the White House. Isn't that amazing? iI was correct all along. By the way, that was not a loan. It was a loan guarantee.

 

I keep asking this question and never get an answer, but WHY does it seem Lefties are so damn clueless about the people they support?

 

Lol..... not a rant, just facts about these liberal neighbors....... and all the rest of them.

According to the libs, if Obama (or whatever lib politician they listen to) says something, then it has to be the gospel truth......

Oh well...... they are who they are....... brainwashed.

 

Proof positive that she should NOT be controlling the nation's budget then. IF she can't make it personally on their $250,000/yr presidential salary when virtually EVERYTHING was paid for them....their housing; their food; their extravagant entertaining; their travel; their clothing......then she's not a good manager of money.

BTW, it's all a lie anyway. She received millions towards the end of his presidency for a book contract. And the house they bought in NY was not a shack. Poor whittle Hillary and Bill....wha,wha,wha......

 

Don't forget the cost of all those sexual harassment suits, settlements and Bimbo eruptions, that cost a bundle.

 

He put up $1.35 million of his money interest free for them. He loaned them the money as a security. So they were not deadbeat and having to struggle to buy a house as she is trying to claim.

 

Yes this was quite a scandal back then along with the book deal advance.

 

Thanks for the link; I did not realize she sold the book right before leaving the White House; I thought it was right after.

That said, getting an $8 million advance (which is typically paid out over time, not up front), when dealing with $10 million in debt, still leaves you deep in the hole.

And interest-free loans are LOANS -- they must be paid back. They are not income.

So thanks to the book deal, they left the White House only $2 million in debt. I'm not sure if that includes the $1.5 million loan from McAuliffe. If not, they were still $3.5 million in debt.

That's manageable on a combined $330,000 income, but it's not living large. The interest expense alone on that much debt could easily top $100,000 a year.

 

She had an $8 MILLION DOLLAR advance for a book when she left the WH. That was a SIGNED deal; money waiting for her; money she could count on. This "We were dead broke" claim is ridiculous and making her look out-of-touch. She doesn't have a clue what struggling is all about......but yet she claimed they were "struggling."

You will see these comments of hers in ads IF she's stupid enough to run for president. Because if nothing else, her comments prove that

1) she's out-of-touch with what "struggling" really is
2) she knows nothing about managing her own money and sure as heck shouldn't be in control of the taxpayer money
3) she had everything paid for her while in the White House, but still complains and wants people to feel sorry for them. She and Bill get paid MILLIONS for just talking (speeches)....and much of that from corporations she and Dems demonize daily.

Cry us a river, Dear Hillary. No one is buying your "pity party." You are not fit to be president.

 

You manage debt. She did not have to turn the $8 million over to the law firms their earning applicability far outstripped what they owed meaning the debts were perfectly serviceable and then some.

DUH, but the money was there for them they were not destitute and homeless. Anyone else would have been paying interest on it and that is why it was somewhat of a scandal.

You don't know that the estimates of their legal bills run from far less than that and they have huge income. Let's not forget about his salary he had been making and her previous book deals.

I'm not sure if that includes the $1.5 million loan from McAuliffe. If not, they were still $3.5 million in debt.

It's not broke and destitute as she would like you to believe as if their future was in any doubt.

 

They owed $10 million. The advance still left them $2 million in debt.

This is (almost) a fair criticism. Bill came from a very modest background; he most certainly knows what struggle is. Hillary's background was more middle-class, but not uber-wealthy. Still, enough to leave her in touch with the middle class.

But yes, when they had a combined income of $330,000 or so, they would have been able to handle the $2 million debt load. They wouldn't have been rolling in money, but they weren't starving in the street, either.

She'll be able to walk back the comment without much difficulty. Most voters will understand what she was trying to say.

That's just a stupid partisan fantasy argument.

More stupid partisan fantasy argument.

 

Your source doesn't say when she was actually getting the money; a later report indicated that she submitted the deal to the Senate ethics committee for review, and that by Feb 2001 they had received $2.7 million.

Even receiving the full amount doesn't eliminate the $10 million or so in debt they had, justifying why Clinton needed to do further speaking deals.

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Her statement was made in the context of why Clinton went out and did speaking gigs. Even with the advance it was necessary.

 

The $10 million in debt was mostly lawyer fees......from Bill's OWN doing. Not to mention, as Bill Clinton he was able to get the TOP lawyers in the country; thus the $10 million fee. No other average person could get a top law firm to defend them on credit!!! The reason they did is because as president....they KNEW that he was going to make LOTS of money in his post-presidency. Not only was the law firms NOT worried about getting the money.....neither did Bill or Hillary. That's why her "pity plea" is so disingenuous. She used it simply because she was trying to make some excuse for making speeches to corporations that paid her that kind of money. $300,000 for 1 hour of a speech that probably took no more than 2 hours to prepare for and she had STAFF do that part for her????? And she made tons of them and so did Bill. Her "houses" and Chelsea's "college???" Wha, wha, wha. Come on.....how can you be SO MUCH IN THE LIBERAL camp that you'd defend Hillary for what she said.