Following the (illegal) release of Trump’s 1995 tax return by the New York Times, showing him booking a nearly billion dollar loss that year, Hillary Clinton seized on the nation’s naivety about the ups and downs of life as a businessperson to go on the offensive.”Here’s my question: what kind of a genius loses a billion dollars in a single year?” Hillary asked at a rally yesterday.We live in a nation where roughly half of all new business fail to survive after five years, and it goes without saying that few businesses are profitable every year. While the Times has released that 1995 tax return in an attempt to drop a bombshell on his campaign, back in 1995 they were too busy praising Trump as the “Comeback King” for overcoming the massive debt his business racked up and saving it.
At least the man was losing his own money (and made it back) – not the money of the American taxpayer. Here’s a question worth asking: what kind of genius loses six billion dollars in a single year? Hillary Clinton – that’s who.
Clinton laughs at this type of entrepreneurial hardship and says that such risks are anti-American. She applauds herself for never taking risks in business. She knows she cannot be held accountable for any personal failures because there are none. Her failures are instead the American people’s failures.So why isn’t she held accountable for losing $6 billion of U.S. taxpayer dollars in the State Department from 2008 to 2014?
According to a report by the Inspector General, Clinton simply lost the $6 billion through “improper filings”: The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report. The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the report. The alert, originally sent on March 20 and just released this week, warns that the missing contracting funds “could expose the department to substantial financial losses.” The report centered on State Department contracts worth “more than $6 billion in which contract files were incomplete or could not be located at all,” according to the alert.
A further audit of the department’s Bureau of African Affairs found that administrators “were unable to provide complete contract administration files for any of the eight contracts that were reviewed.” Those contracts were worth $34.8 million.Hey – at least when Trump loses money, it doesn’t cost you anything. There’s much more at stake than a billion – or six billion dollars – when it comes to the possibility of a Hillary Clinton presidency.
[Note: This post was authored by Matt Palumbo. Follow him on Twitter @MattPalumbo12]