Clinton debt larger than reported

[DearAbby]

Hillary Clinton's campaign debt at the end of March was bigger than it appeared because she didn't list the $5 million she loaned herself, a campaign finance watchdog group reported this afternoon.

Clinton, in her filing with the Federal Election Commission, reported that her campaign had $9 million in cash on hand as of March 30, and $10 million in debts.

"The Clinton campaign itemizes its debts to vendors, totaling $10.3 million by the end of last month, but since January, when Clinton infused her campaign with $5 million, the campaign hasn't been adding in that loan when reporting its overall debt to the Federal Election Commission," the Center for Responsive Politics said.

"An FEC representative tells us Clinton's debt to herself, even if she won't be paying it back, should be lumped in with the campaign's debts to others on the first page of the monthly filings, not just listed deeper within her disclosure forms -- that's how the other big self-funder in 2008, Mitt Romney, reported the $42 million he lent himself."

Including the loan would put her debt as of March 30 at $15.3 million, the nonpartisan group said.

Since winning the Pennsylvania primary on Tuesday, Clinton's campaign says it has raised $10 million and counting online.







http://www.boston.com/news/politics/politicalintelligence/2008/04/clinton_debt_la.html

[NightWatcher]

1. is she lying, again? jeez, I really want giver her control of the economy, NOT

[DearAbby]

2. Now now

She just didn't add the 5 Million she had loaned herself...fudging the books isnt lying...is it? ::Innocent blink:::blink::

[NeedleCast]

3. If Hillary can't figure out that spending money you dont have is bad

why should I trust her with the economy? We already have that. It's name is Bush.

[DearAbby]

4. Kick

[phrigndumass]

5. How can a debt-ridden candidate be expected to balance a budget?

In that respect, she ain't no Bill Clinton!

(um ... :rofl: )

[hisownpetard]

6. Wouldn't be surprised if the $10 million figure is also fiction (and may include the payback

of the $5million she loaned to her campaign. (A Hillary presidency = government of Hillary, by Hillary and for Hillary).

[Spazito]

13. Actually, if she hadn't TRANSFERRED 10 million from her

Senate campaign in the beginning of the primaries, would she be 25 million in debt or would she have spent less money trying to win on Super Tuesday? Here is an interesting Washington Post article from April/07:

snip

Obama, a first-term Illinois senator who launched his presidential bid with no national fundraising network, raised $24.8 million for the primary campaign during the first quarter, and Clinton (N.Y.) raised $19.1 million, the campaigns reported last night.

snip

But Clinton established a solid overall financial advantage by transferring $10 million from her Senate campaign account and limiting her spending -- in part by carrying $1.6 million in debt, including money she owes to several key advisers.

http://www.washingtonpost.com/wp-dyn/content/article/2007/04/15/AR2007041500522.html

[Coexist]

7. kick

[DearAbby]

8. Now here is someone

we can trust with our financial future! :sarcasm:

[cliss]

9. Hmmm....

"Since winning the Pennsylvania primary on Tuesday, Clinton's campaign says it has raised $10 million and counting online. "

I wonder.

[merh]

10. Well, with the MSM and the Clinton camp math shouldn't that be rounded up

to $11 million and $16 million respectively? :evilgrin:

[hisownpetard]

14. Yeah. I just can't wait to find out what the actual (new & revised!) figures will be.

Right now, it's anyone's guess...

[rniel]

11. One more example of her

Lack of math skill.

[DearAbby]

12. Kick

[Yossariant]

15. YIKES! Maybe a Congressional investigation is in order!

:rofl:

"An FEC representative tells us Clinton's debt to herself, even if she won't be paying it back, should be lumped in with the campaign's debts to others on the first page of the monthly filings, not just listed deeper within her disclosure forms -- that's how the other big self-funder in 2008, Mitt Romney, reported the $42 million he lent himself."

[MaineDem]

16. Watch the money

This will be the undoing of her campaign more than the lack of delegates.