Congressmen amass wealth by pitting one lobbyist against another to drive up contributions.
“With a salary of probably $1 million, compensation for serving on boards of directors, speaker’s fees and a book deal, the money was there to pay in cash what law enforcement officials say Mr. Hastert paid, said former Representative Jack Kingston, a Republican who led the Appropriations Committee.
“Yeah, it’s possible he could amass in a 10-year period a nest egg of $5 to $10 million,” he said. “I'm not saying it’s easy, but it’s not that hard.”
New York Times
By JONATHAN WEISMANMAY 30, 2015
Congressmen may say they are shrinking government but they are expanding their bank accounts. The do-nothing Congress is doing nothing in service to their country. But they are working overtime expanding their wealth.
I got 20,000 from company X. Do I hear 21,000? Going once...
The congressman's staff plays one proxy-bidder (lobbyist) for a particular company off of another proxy-bidder (lobbyist) and drives up contributions to the congressman by playing one side against the other.