The remark was made in this context by
the former first lady: "We came out of the White House not only dead
broke, but in debt. We had no money when we got there, and we
struggled to, you know, piece together the resources for mortgages,
for houses, for Chelsea's education. You know, it was not easy."
St. Clair writes, tongue-in-cheek, about Hillary's exit from the White House:
Former Presidents are not "dead broke" by any possible interpretation.
They receive a pension, which is
currently 10 times the poverty level for a family of three; monies
for staff, travel, an office, postage and supplies and Secret
Service protection for themselves and their spouse.
According to the Congressional Research Service, former President Clinton received in pension and other perks, adjusted for 2013 dollars,
Since 2011, the outlay by the taxpayer for former President Clinton has been just under $1 million.
Including what is budgeted for fiscal
year 2014, Clinton will have received a taxpayer outlay of
$15,937,000 since leaving the White House in 2001.
Both former Presidents Clinton and G.W.
Bush have offices of over 8000 square feet, more than three times
the size of many middle class homes.
Just sixteen days after George W. Bush was sworn in on January 20, 2001, Bill Clinton delivered his first speech for $125,000 to Wall Street brokerage and investment bank Morgan Stanley. The speeches continued every few days, with the former President earning an eye-popping $1.475 million in just his first two months out of office.
The price per speech has reached
$250,000, $300,000 even $500,000 at times. The Clintons earned
millions more in book advances and royalties.
It is true that the Clintons had legal
debts when they left the White House but they were miniscule
compared to the former President's earning power on the speech
One institution that did not believe the Clintons were "dead broke" was Citigroup.
According to PolitiFact, Citigroup provided a $1.995 million mortgage to allow the Clintons to buy their Washington, D.C. residence in 2000. That liability does not pop up on the Clinton disclosure documents until 2011, showing a 30-year mortgage at 5.375 percent ranging in face amount from $1 million to $5 million from CitiMortgage.
The disclosure says the mortgage was
taken out in 2001.
Citigroup employees have also been major
campaign funders to Hillary Clinton.
9 years after its 1999 repeal, Wall Street
collapsed in just as spectacular a fashion as in 1929 and
the early 30s.
Robert Rubin, Clinton's Treasury
Secretary who lobbied for the repeal, was given a non-management
post on the Board of Citigroup which paid him over $115 million over
the next decade.
The country - not so much...