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Friday, April 18, 2008

Iowa Progress: Why the Fallon loophole needs to be closed

Excerpted from this post at Iowa Progress

Ed Fallon has attacked the attempt to close the "Fallon Loophole," the
practice of professional politicians paying themselves salaries with
campaign funds, as "status quo politics at its worst." As laughable as
this statement may be, Fallon's own reprehensible actions show why the
legislature must take action. While Fallon defend paying himself from
campaign funds by stating "Most candidates aren't as fiscally
responsible as I am. They finish in the red. I managed to finish in
the black," Fallon was lying at the time. According to an amended
campaign finance report filed by his gubernatorial campaign the very
same day his quote appeared in the Des Moines Register, Fallon for
Governor was $21,225.51 in debt.

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