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$5M to herself, $10.3M to others, $7.3M in the red (not technically, but really)
As soon as Senator Clinton's FEC form showed up on the FEC site, people started asking if the $10.3 million in debt included the $5 million she owes herself.
No, it doesn't.
If you download the itemized debt list, the top debts are $4.6 million to Penn, $1.2 million to The Spoken Hub phone bank, $956 thousand to MSHC Partners (printing), and $538 to Grunwald.
So the arithmetic is $8 million on hand, $10.3 million owed to others, $5 million owed to herself, and bottom line is -$7.3 million.
Accountants call that being in the red.
Her creditors may trust her to pay them, but that doesn't put the campaign in the black.
The campaign may have a plan of how they'll pay up later, but that doesn't put them in the black. If you don't have the assets to pay your debts, you're in the red.
Comments (3)
look for her to leave the race by Thursday if she comes in with less than a 10 point lead in PA.
She can't afford to go on.
April 21, 2008 11:24 AM | Reply | Permalink
She's in it to win it. She wants to make sure every voter is heard. She loves America and she wants to take her case to the people. If she has to find an address that she can claim to have lived in for each of the remaining states, she'll do it! Can Hillary Clinton claim the title of America's most politically promiscuous carpetbagger? Yes she can!
April 21, 2008 11:30 AM | Reply | Permalink
I'm unaware of the FEC rules on this: does her campaign have any legal requirement to repay her loan?
April 21, 2008 11:25 AM | Reply | Permalink
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