Clinton Campaign In $20 Million Of Debt, Campaign Chair Says Clinton Could Lend More Money

The Washington Post reports on another grim news event for Hillary Clinton: confirmation that her campaign is $20 million in debt.

With her campaign falling ever deeper into debt, Sen. Hillary Rodham Clinton spent a rainy Mother's Day seeking votes ahead of Tuesday's primary here, turning a deaf ear to calls for her to leave a Democratic presidential contest she has little hope of winning.

Clinton aides continued to insist that she will remain in the race even while confirming that she is $20 million in debt. "The voters are going to decide this," senior adviser Howard Wolfson said on "Fox News Sunday," acknowledging the $20 million figure. "There is no reason for her not to continue this process." Wolfson said he has seen "no evidence of her interest" in pursuing the second-place spot on the Democratic ticket, contrary to rumors that she is staying in the race to leverage a bid for the vice presidential nomination.

Campaign Chair Terry McAuliffe suggested Clinton might lend her campaign more money:

Terry McAuliffe, the Clinton campaign chairman, told Tim Russert on "Meet the Press" that he spoke to Clinton about the possibility of contributing more money and "she said that she would be willing to do it." However, McAuliffe insists, "We haven't needed it."

Comments

[jteschke]

Has anybody verified the alleged $10,000,000 she raised in the wake of her Pennsylvania victory?

[halyscomet]

I do not believe they did.

No way they would STILL be riddled with debt.

[RedKnuckles]

I was wondering about that myself. Did she use the 10mil to pay down previous debt? Whatever, it sure does sound like the 10mil after PA was inflated.

[Nuff2]

I believe she raised 3.5mil and loan herself 6.5mil to make it 10mil. I think that is where that number came from. Yet another lie of 10mil in donations. Guess she was using reverse psychology on the voting pop.

[halyscomet]

As usual with the Clintons, some things don't add up:

1. They claim that 16.6 Million have voted for her.

Where are the donations? Why the debt?

(Obama has had more than 16.7 Million voted; no debt, a surplus; average donation: $98.)

2. $10 Million was supposed to have come in 24 hours after Pennsylvania.

How does $20 Million in debt remain, if true?

3. Bill Clinton has been able to get over $500 Million in donations for his Library/Foundation.

Why would anyone who can amass THIS much money suddenly have trouble NOW, if done legally?

4. 35 years experience has been a constant Hillary Clinton refrain.

What does it say that her BEST example of her Management Prowess has resulted in what is tantamount to FOUR bankruptcies based on the loans she has made to her campaign?

Aren't these glaring questions that will be asked for years?

[ReportThis]

Memo. to Hillary: Campaign contributions are another metric of electability. If people aren't donating to your campaign, there's a reason: They don't like you, they won't vote for you, they don't want you to be President.

[Nuff2]

Excellent point.

[VolvoBirkenstock]

More and more like Jim and Tammy Faye Bakker every day.

[Tomlastliberalleft]

Thing is, Jim and Tammy Faye were fun to watch, seriously, back in the days before 200 channel cable Jim and Tammy were always good for a laugh. Their version of reality was so weird it was like watching a Louise Lasser vehicle. Bill and Hillary are just political animals, better kept caged and sedated than allowed to run free.

[dbdzen]

Hillary supporters didn't get the memo.

Please back your candidate with the cash she needs to continue her campaign. Put your wallets where your hearts are.
If she divides the party down the middle on racial lines and Democrats lose to McCain, the women get Roe v Wade overturned as a 'thank you' from Hillary Clinton.

[Stargazer51]

Hillary and Bill continue to LEND her campaign money, ... not donate. As I see it, ... if Barack's campaign is talking about helping her pay back these loans, ... it is working at cross purposes to his campaign's interests.

The first thing the Clintons will do with any money they receive is pay themselves back as much as they can, ... stiff their vendors, and run back to the estate in New York. Like the Bush family, ... they have never understood the need for any "sacrifice" on their part in the interest of public service.

[Freedomscap]

Exactly. I understand the tax advantages to paying yourself back interest, as someone posted, but why didn't she give her campaign the money it needed. I'm perplexed???

[PoliSciJunkie]

It's definitely at cross purposes for Obama. The easiest way to resolve this entire pain in the butt drama, is for the Obama campaign to say, "Stay in the race all you want Hillary, but we aren't going to assume any debt of yours incurred beyond May 6 [date of IN and NC primaries]." She'll fold her tent within 96 hours.
NO GREENMAIL FOR HILLARY!!

[campgranata]

their vendors should go public or garnish her senate pay; amazing that she still gets paid for doing nothing in the senate and these poor bastards who, in good faith, extended her credit are being stiffed? Aren't these elitists going to pay these working class Americans, you know the same ones they were going to save 18cents a gallon on gas?

[Ivar]

LOL the 'stupids' donate to her campaign. She 'lends'. My god , her supporters still do not see they are being taken.

[Tomlastliberalleft]

Look, you can get ugly here and state that Hillary is simply trying to recoup her own money. I have felt that way ever since Texas when her ground troops here had nothing to work with, it was sad. Or you can humor the Hillary supporters and claim that she is investing her money into her abiding trust in them, that they know she is there, fighting their fight, not hers, as such. Bottom line is this campaign has set a new record on money spent and we are only half done. That she loaned herself so much of her personal stash, whatever the motivation, is her problem. Much as staying married to Bill is her problem. Had she opened her eyes back in September of 2007 and given the obvious hurdle of overcoming those negatives any credence she would have run a better campaign. Instead she drank her own Kool-Aid and went forward much as Romney did. They both ended up loaning their campaigns money and that should tell you exactly how popular Hillary actually is. Any honest person could no longer solicit money from the working poor just to prop up a failed campaign. That tells me she is no more honest than her morally bankrupt husband. They have placed themselves above us all. There is little if any evidence these two ever felt accountable; they hid behind the desire to get a win. We, the Democrats allowed this once…but not again.

[andyboy]

She seems to be angling for Mich and Fla delegates. I don't know what the math is but she seems to think it could work out in her favor if a certain set of events transpires.

You can forget any VP considerations.

[halyscomet]

It's about reputation. Even with MI & FL the math indicates that she loses.

[DIdaho]

Y'know, this post raises an interesting point - after the Penn primary Hillary thanked all those "nurses and teachers" who found 20 or 50 dollars to send her campaign - how nice that the money from those "hardworking (white) americans" will now go to pay back her millions. Was also surprised at the duplicity of even her campaign that when they announced they'd raised $10 million in the 24 hours after PA that it included the $6.4 mill she chipped in herself. Wondered at the time why the numbers, which Wolfson described as $20, $40 and $50 donations from 50,000 individual donors didn't add up to, at best, a quarter of the amount they claimed - at the time just chalked it up to people who obviously can't add - didn't think even they would stoop to that low of a lie.

[LouisPWu]

Why would anyone vote for someone for CEO of this nation when she proves that she can't manage the finances of her campaign?

[Softnsweet]

Yes, you are right. How acn anyone put Hillary in office and the next POTUS if she cannot manage her own campaign. If Suze Orman did not manage her own finances well, then why would I or anyone listen to her. People, this has to tell you something.

[halyscomet]

There is no spin that can evade the fact that Clinton's $20 Million debt best reflects the manner in which she would manage the Federal Budget. Likewise, her right to remain in an unwinnable race is being powered more by stubborness than by wisdom.

The Clinton's legacy can be helped considerable by finally showing class and becoming Agents of Unity; so that THIS time it would be true that she showed "Grace Under Fire".

[campgranata]

she has no 'grace' to show lit or not.

[nazirmo]

http://www.thestar.com/News/World/article/424410

[MissinAmerica]

Thanks for the link. Its good to know how the ignorant justify the desire for the continued destruction of our country.

Thank God, most people are too smart for this time around....

[UnknownSoldier]

Thanks for the link, although it very one sided, I don't see how Hillary can be President without the Black Vote in OHIO, or Pennslvania, states that have gone Republican in the past. the Dems have not won Flordia in 2 election cycles and they hold no State Wide Elected office there, so chalk up Florida too............. So can a Hillary Supporter please explain to me how she will win using the 15 Strategy that failed the last two Nominees.

Obama brings VA, GA, KS, NC, AL, and CO into play what states will Clinton bring into play please point to them.

[smark]

Hillary must pay her own debts! Obama nor anyone else should step in to help her after all the nasty, backhanded way she has been campaigning.

[ethearch]

Come on Hillary supporters. ANTE UP! Let's dig deeeeeep into those wallets and purses. Maybe you can all throw in that $28.00 that she's going to save you on the GAS TAX HOLIDAY this summer.

[masee]

LOL you have got the winning post here. I agree Hillarys' supporters need to give her the money to run if they so want her to win.

[DIdaho]

CNN on Indiana primary night reported that nearly half the debt was owed to caterers and event companies who set up the auditoriums and brought the flowers and food and such - there was a story a month ago about a small-town Ohio florist that Hillary's campaign cleaned out her stock and then didn't pay so is now out of business - it seems if you're really in favor of "hardworking Americans" that you'd at least pay their bills once you'd sucked them dry. Guess once again her slogans don't match her actions.

[Softnsweet]

DIdaho ,

Yes you can see who see has not paid. The same hard working americans thats voting for her and continues to swear the woman does not wrong!

[mrmemory]

Question to the Obama supporters: if and when he loses to McCain, are you going to come back and blame Clinton for his loss? Let's assume she's not the VP and, therefore, out of the picture.

[SamanthaJaneSalem]

Actually it could be partially Clinton's fault if Obama loses because she has given McCain all the story-lines he needs: Obama can't win white votes, he's an elitist, he should ditch his church, he shouldn't talk to foreign leaders, he's soft on Hamas and not pro-Jewish enough.

McCain should pay off her debt. He owes her.

[SicPlurisPoenaPrestantia]

a) he's not going to lose against that decrepit old man and
b) yes, probably. She's poisoning the well, and while it is making him stronger, the only way for Obama to lose is if Hillary stays nasty.

[campgranata]

her supporters will abandon her when they realize that having the Republicans in when the supremes will be retiring some of their number (average age is 68) will impact a woman's right to choose and that will be, and should be more important than loyalty to MRS Clinton.

[IamPhenom]

No, if that happens, I will blame the bitter Clinton supporters who fail to see the bigger picture that this is about more than just Hillary or Obama. It's about health care for Americans, fixing our economy, getting out of Iraq, and changing the world view of America so we will have more help on things like the War on Terror. It's about getting a real Democratic majority in Congress, which will require the kind of donations and legions of volunteers Obama has organized.

[BJTabor]

Considering how much her campaign bragged about going out to knee cap him after they lost. Yep.

[erykah]

Clinton can't even beat Obama, so that question is moot.

[newzzzjunkie]

maybe she shouldn't loan her campaign any more money...duh!!!!!!!!

Oh yes, llike she said, only undereducated, white people would do that lol.

Obama '08!!!!!!!!!!!!!