Tuesday, July 14, 2009

The cost of 'Other People's Money'

Other People’s Money.

Today Vince Fumo will find out just how much using “Other People’s Money” costs.

Fumo, once one of the most powerful politicians in Pennsylvania, will be sentenced in federal court for fleecing the state Senate and a couple of non-profits out of millions.

Basically, Fumo was convicted of stealing from you and me, the taxpayers.

There’s little doubt that the former senator is going to jail. What is in question is for how long.

The “Other People’s Money” tag, ironically, comes from Fumo himself.
According to testimony at his trial, that was the term he used for how he paid for many of the luxuries he showered on himself.

Certainly Fumo, even in his worst nightmare, never thought this day would ever come.

Surely he never imagined that eventually he would be called to account for all of that spending of “Other People’s Money.”

He was wrong.

Today he will learn just how expensive using “Other People’s Money” can be.

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