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Title: Clinton debt larger than reported
Source: http://www.boston.com/news/
URL Source: http://www.boston.com/news/politics ... e/2008/04/clinton_debt_la.html
Published: Apr 25, 2008
Author: Foon Rhee, deputy national political edi
Post Date: 2008-04-25 17:22:43 by robin
Keywords: None
Views: 82
Comments: 3

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.

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#1. To: robin (#0)

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

ghostdogtxn  posted on  2008-04-25   17:25:31 ET  Reply   Trace   Private Reply  


#2. To: robin (#0)

An easy way to increase the reported raising of cash would be to take money from people, and promise to pay them back, or pay them back with interest, or pay them back with very hefty interest. That would increase both the report of cash raised today, and the total debt of the campaign. But they needn't report the latter.

If they can do this with the loan from Hillary herself, why can't they do it wiht other people's money?

To reason, indeed, he was not in the habit of attending. His mode of arguing, if it is to be so called, was one not uncommon among dull and stubborn persons, who are accustomed to be surrounded by their inferiors. He asserted a proposition; and, as often as wiser people ventured respectfully to show that it was erroneous, he asserted it again, in exactly the same words, and conceived that, by doing so, he at once disposed of all objections. - Macaulay, "History of England," Vol. 1, Chapter 6, on James II.

aristeides  posted on  2008-04-25   17:27:06 ET  Reply   Trace   Private Reply  


#3. To: aristeides, robin (#2)

why can't they do it with other people's money?

I didn't know there was anything they couldn't do with other peoples money.

Don't they do everything with other people's money.

nolu_chan  posted on  2008-04-25   17:45:06 ET  Reply   Trace   Private Reply  


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