LAT: Money shocker! Hillary Clinton's campaign debt soars to $31 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.I owe how much!? Hillary Clinton's Democratic presidential campaign discloses she is now nearly $31 million in debt

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.

She added another $9.5 million in unpaid bills to venders this past month alone, pushing her total debt to venders and herself to the new astronomical figure, about a 50% debt increase in one month.

According to a campaign release put out Tuesday evening as election returns revealed her big win in Kentucky and loss in Oregon, Clinton raised "approximately $22 million" from other people in April. The release also touted that $10 million had poured in within 48 hours of another lopsided Clinton victory over Obama, that one in Pennsylvania, and said it was the second best fundraising month of her entire campaign.

But the number collected is actually closer to $21 million and the release also neglected to mention that she spent $28.9 million, nearly $8 million more than she took in. She used personal loans to make up part of the difference. She also delayed payments to consultants. Including the $9.5 million in unpaid bills from April, she owes consultants and other venders $19.5 million.

Not to mention the total $11.4 million she has loaned herself.

http://latimesblogs.latimes.com/washington/2008/05/clintondebt.html

p.s. Slinkerwink was right! All you naysayers owe her an apology.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=6054991&mesg_id=6054991

And when MaddyMcCall and I said so, people DEMANDED we apologize.

Well, we were right. I don't see any apologies. NOTE: I don't want or expect one. I just think it's funny how you guys demanded one when you thought we were wrong. Now that we've been proven right, crickets.

I was called a "douche" in this thread - he was quick to throw insults when he thought I was wrong. Now he knows I'm right, and just silence. Not one lick of intellectual honesty in the bunch of ya.

They were extremely abusive. Ewww.

:thumbsup:

Way to go, slink.

But Clinton reported only about $8 million cash on hand for the primary. (She has $22 million set aside for the general election that she can't use.) She also reported $19.5 million in debts, including $10 million she has lent her campaign. Even without the loan, Clinton was in negative cash position. The loan amount also did not include an extra $1.4 million she put into her campaign in May.

Clinton did not add to her debt to vendors, who include such campaign consultants as Mark Penn and Mandy Grunwald. But she had to ramp up her spending, with a majority of it devoted to traveling and getting her message to voters. She spent more than $9 million on ads alone.

http://ap.google.com/article/ALeqM5iU_P23eyGmxqE8EEa7ba6r86BpIwD90PT1680

So she's basically maintained her debt load at 11 million, if you crunch the numbers.

She can't keep her campaign going for much longer.

"She also reported $19.5 million in debts, including $10 million she has lent her campaign."

It doesnt include the 10 mil.

Quoting Hillary's favorite pollster/strategist of course.

:rofl:

AND DON'T FORGET.... She has ALWAYS run a GE campaign...Therefor...She has PLENTY of $$$ in that war chest...Just waiting to be released...Obama Does not..which is why is charging $1000.00 in FL to get a glimps the THE PRECIOUS ONE...

hillary does. And what a crock that her loan to her pathetic failed campaign was an investment in us. She couldn't run a GE campaign any better than she's run a primary one.

Hillary is done. Stick a fork in her miserable campaign.

NO THANK YOU!

it's a legal requirement. But don't let the facts get in the way of a good lie.

All I can say is she'd better not be on Obama's ticket. She's an absolute disaster, and would lose the general election for us.

The DNC is way behind on fund raising, but the GOP is way ahead.

Senator "reinvent the Goal posts" is diverting money that could be spent
on making sure we get a DEM in the whitehouse.

She also is dividing the party as she encourages attacks on Obama
and encourages her "hard working white voters" to support the republican candidate.

Allcaps, plenty of grammar and spelling errors, and a blatantly communist inspired avatar of Clinton; this would be hilarious if it was making fun of freepers. But it's not. It is attacking a fellow Democrat and her supporters. I have enough respect to not mock Clinton supporters in such a manner.

When will Hillary drop out?

that someone else saw Dan Abrams' "afterhours" coverage on MSNBC last night, when he asked the Clinton advisor "I'm going to ask you something that may...offend you. Shouldn't Hillary Clinton feel badly about asking people with not a lot of money to give HER money?" (for anyone who missed it, the Clinton Advisor also said that "600 million people" voted in Michigan.." )

to pay her deficit spending.

Has there ever been a major candidate besides Hillary who so thoroughly lacked the economic sense to run a country?! She can't make change or balance a checkbook. She has no concept of finances or how to manage them. That's what a life of privilege does for one.

What a douche

:rofl:

The Clinton's have almost depressed me.

They've sent you round the 'bend, sweetie.

and you WERE wrong.

Clinton's not 31 million in debt - the LA Times retracted the story - they made a dumb error.

I was right all along. How long are you guys going to embarrass yourselves over this?

i once thought them special people but now im just ashamed to have ever supported either of them for any job higher than dog catcher

Youtube will carry all the details.....

Will the MSM compare these headline?

the clinton supporters who have shilling the florida issue please tell me one more time about obama not doing well in florida?

it would be $31,000,440 in debt if not for this Dalton Hatfield. :think:

because the 31 million number was a lie all along. Odd that you guys keep pushing it even though you KNOW it's not true.

What is it about supporting Obama that makes the truth so anathema?

are you that stupid? read my post again.

Just pointing out that the "joke" was based on a false $31 million figure.

Sorry, it's an important point to me. I was called names, insulted and had apologies demanded of me because I said the $31 million number was wrong. Turns out I was correct. I just don't like to see that number still being used.

God I can't wait until we can all go back to being on the same side. :hi:

have about 110 million, paying off whatever debt she has will pose no problem for her 110-31=79 million on hand.....Not bad....

they've laid off the proofreaders at the LAT?