UPDATE: Clinton Campaign Has $20 Million Of Debt, LA Times Makes Correction

UPDATE 11:13 pm EST: The LA Times mistakenly reported Clinton's campaign was in $31 million of debt. Below is the correction and the real debt number of $20 million:

(*UPDATE: Due to a mathematical error, Hillary Clinton's loans to herself were added twice in the calculation of this item. Her total debts are about $20 million, not $31 million. A corrected item covering the first five paragraphs of this one has been published here.)

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EARLIER ITEM FROM THIS MORNING:
The LA Times is reporting that Hillary Clinton is nearly $31 million in debt. The news comes off a release from her campaign Tuesday night that she has raised $22 million:

No wonder Sen. Hillary Clinton was so late filing her required campaign financial reports Tuesday night. Her political team didn't want the shocking news in it to overshadow her lopsided thumping of Sen. Barack Obama in Kentucky.

Now comes the morning after, pay-up time. Clinton's campaign debt has now soared to nearly $31 million, according to numbers crunched early this morning by The Times' campaign finance guru, Dan Morain.

Comments

[IslandGyal]

And, WE Obama supporters are expected to want to pay for that?!!?!?!?!??

[lecraftygirl]

i sure hope not.

[k6007]

The DNC and DLC, are supposed to begin holding fundraisers to try and pay it off.

Romney must be kicking himself.

[naschkatze]

DLC fine, but DNC? Why don't her supporters, alone, pay off her debts? Barbra Streisand and Elton John could throw a few concerts.

[HansB]

It would be illegal to take money given to Obama's campaign and give it to Hillary, so don't worry. At best Obama can ask people to give fresh money to Clinton, but he can't give money destined for his own campaign.

[26eaj24]

Why is the Democratic Party letting her do this? Shame on the DNC for not shutting this sham down along time ago.

[partyofone]

They not only let to continue, ultimately they will PAY THE PRICE, in dollars, loyalty and good will.

The Democract leadership has no spine, in standing up to Bush or in standing up to the Clintons.

[naschkatze]

E-mail them, please! I do it practically every day. They've got to hear from us.

[HansB]

How could they shut it down? Anyone is free to be candidate.

[k6007]

....then she should be 'free' to pay her OWN DEBT.

[HSimpson]

She likened herself to Rocky Balboa, and so she goes into the late rounds. ( I believe this is the part where she asks Bergess Meridith to cut her eye ) Ouch, Hillary that will only make the bleeding worse and besides Rocky lost anyway. Wait a minute! Didn't he come back and win in 2012? I mean Rocky 2.

[borderorder]

She's running up this debt because the poor people she represents don't have any money to contribute, she's doing it for them. She wants to feel their pain.

[wellinformed08]

$20M is hardly kicking her $109M ass. She could be out of debt if she wanted to but the press around her being a broke female candidate is getting her air time, sympathy from the uneducated really broke (because somewhere in their twisted confused minds, she is now just like them) and money to PAY HERSELF back! WTH? She chose to get in this mess! I don't want to bail her out. My credit rating is based on my good decision making skills. I can't get behind this foolishness! She is in debt and still has more money than me! She and Geraldine Ferraro should team up, write a book about how "women are always victims but it's ok to be racist, desperate, coniving and self-serving" , call it OPEN MOUTH: INSERT FOOT FOREVER and COMMIT POLITICAL SUICIDE IN THE PROCESS and then go on a book tour. Maybe the 17 million supporters she claims to have (dont trip Wolfson, I'm counting MI and FL) will purchase the book for $2.00 a piece and she could pay her debt!

[bygollymissmolly]

I have a question for Clinton supporters.

If she is the most electable, why doesn't she have millions of "hard working Americans" supporting her on a monthly basis? It seems to me that if she really does represent the will of half the Democrats in this country (her claim, not mine), they would all be sending her regular checks for $25 to keep her going. But they don't. The hard working Americans out there are sending regular checks to the Obama campaign because they feel that he represents them..."we the people".

[VOTER]

Hey, DNC, where are you? We can't hear you!

HIllary is ruining the DNC name with her total disregard for her vendors.

You know, those Average Hardworking Americans in your Party.....­..........­..... Hmmm

[Kishadawn]

*UPDATE: Due to a mathematical error, Hillary Clinton's loans to herself were added twice in the calculation of this item. Her total debts are about $20 million, not $31 million. A corrected item will be published shortly.)

Which basically means she still owes a lot of money, but lets be fair on the number.

[k6007]

So, we can add math, to the long list of things her campaign is unable to do.

[in4success]

well -- her and her surrogates seem to make alot of "mathmatical" errors. they shouldn't be using karl rove's "fuzzy math"

[pinkypeterson]

Didn't her parent ever tell her don't purchase something if you can afford it - I guess this is how she would managed the $ if she would have been president.

It really bothers me how she spends her money and keeps on going like it's nothing - She seems to be fine with 31 million in the red. She must be thinking some man will bail "me" out - like Bill, just give a few speeches but now there are sounds that it is going to be Obama - daughters don't try this at home.

[k6007]

Bushbaby is getting slammed on CNN, by an Israeli official, charged with 'behind the scenes' Talks With Hamas...Be­ooootiful!

[Allamr18]

what? what was said

[k6007]

That Israel conducts behind the scenes talks with hamas on a regular basis, and that Bushbaby's speech is simply 'political rhetoric'.

[Truthfighter1]

Did Hillary ever release those Earmarks results of hers yet? She has the most spending when it comes to earmarks, she is a big time spender and apparently not very good at Managing her campaign and finances, running this campaign was the true test of how you may run your White House. Her and McCain are the past, we're looking towards the future.

[Muzikal203]

But what about that 11 year old kid that sold his bike and his video games? That wasn't enough to lower her debt?

[Scarllatti]

You know what? HRC TOOK THE MONEY. She is so mean-spirited. She can take money from even the DEVIL as long as she remains in this race.

[k6007]

Like taking 'candy from a baby'. lol

[BLinCincinnati]

That story was such an obvious lie. No 11 year old is going to follow politics that much that they'll give up their bike and video games. And even if it was true, it would be illegal for her to accept the money from him (must be 18), or for someone to donate money on his behalf (can't give for someone else).

[k6007]

Are you saying that, little Timmy Hatfield, was a .......pla­nt? ~( ;-)

[naschkatze]

You can bet on anything that comes from the mouth of Clinton is a lie. Yet, millions of Americans have been suckered in. Sad, so sad. We have our work cut out for us rehabilitating education in this country. We've lost a couple of generations of minds.

[chriss0114]

She blew that money right after mentioning the kid in her speech spending it on the confetti.

[kellygrrrl]

"Im sorry, ma'am. You're card has been denied. Would you like to pay with cash?"

[Scarllatti]

Ala Suzzy Orman!!

[olderdem]

Didn't Hillary claim to raise $10 million in one day last month? What happened the rest of the month? Also, its not clear from this report if that $22 million raised for the month includes any loans made to herself.

[ldsrapha]

Frankly I didn't believe this claim for ONE second. She would have had to break ALL records to do this and it would be impossible when you are running a campaign ready to fold. I think it was another imaginary day for her.

[MaineMike]

The FEC report shows $26,911,62­6.98 of income. If you subtract out the $5 million loan, that leaves $ $21,911,62­6.98. So it looks to me like the $22 million number does NOT include the loan.

http://query.nictusa.com/pres/2008/M5/C00431569.html

[k6007]

Which loan? There were three.

[Umungus]

Now the real reason comes out why she continues the campaign.

That's a lot of money.

[BillyT]

Now I know the answer to my own question that no one in MSM is asking:

Q. Why can't Hillary win the SUPPORT OF EDUCATED VOTERS EVERYWHERE??

A. Because EDUCATED VOTERS know math and probability and have a sense of the futility of her campaign.

Oh, and of course the educated voters know a few things about the Gas Tax Holiday that is a total sham.

[naschkatze]

Speaking of educated voters. . . I'm here in Oregon, and the Clintons have recently used the facilities of two schools and the police departments of two towns. I'll bet we the citizens are a part of that $9.5 million owed to vendors. Yet the state teacher's union gave her all their support!