One in 4 candidates ended the campaign season in debt
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/POLITICS/12/21/clinton.debt/art.clintondebt.gi.jpg caption="Hillary Clinton says she hopes to have her campaign debt paid before her possible confirmation as secretary of state."](CNN) - Hillary Clinton isn't the only former candidate still fundraising long after Election Day: an analysis released this week found that one out of every four prospective officeholders this year ended the campaign season in the red.
The non-partisan Center for Responsive Politics found that 665 out of 2,339 candidates for political office still don't have enough to pay off their campaign debts - a combined deficit of roughly $144 million.
But many won't face much pressure from their creditors: $125 million of that debt is money candidates lent their own campaigns. "Eight out of the top 10 debtors reached into their own pockets for more than 40 percent of their campaign funds," CRP reported.
From CNN Politics
- Texas Gov. Abbott faces backlash after lifting coronavirus restrictions March 4, 2021 01:43 am
- Biden criticizes Texas and Mississippi for lifting restrictions: 'Neanderthal thinking' March 4, 2021 01:11 am
- Fact check: Pence echoes Trump's Big Lie in dishonest op-ed on election rules March 4, 2021 01:03 am
- Schumer announces all-female Senate sergeant-at-arms team following US Capitol riot March 4, 2021 12:03 am
- Senate Democrats still finishing their Covid relief bill as Biden signs off on more targeted stimulus checks March 3, 2021 11:40 pm
- Capitol Hill security increased and House session canceled amid warnings about March 4 conspiracies March 3, 2021 11:28 pm
So now we have a new Sec of State who could not manage her own presidential campaign and ended up in big debt. What does that say for the pick and for the man who picked her?
Who cares? Will the politicians be next in line to give themselves a bailout?
Give the next President four years and we will all be in debt on the verge of bankrupting our country.
As I said Barack wins for now, America loses.
Eh, people
How low can you go? Hillary is smart enough to get the bill straight.
Her campaign is in "Red" now, but she will find the right way, and pay her bills. Why some of you are even talking about Bil? When he left office, this country was in surplus, gas was about $1.00/gallon, jobs overall (maybe not best paid, but enough for everybody), but those Repugs Idiots destroyed all of this in just 8 years.
Now, we have a new President comming in, and some of those idiots would rather see America going down, then him succeding in bringing jobs to all of us. Hallo, you idiots! Leave your heatres at home, let this man bring us there where we all where just 8 y ago!
Go Obama, do the right thing, and all those idiots commenting here will be in their holes! Please, finish this wars in Iraq and Afganistan, bring our troops home, and don't start any other war in next 4 years!
All this money spend on wars could be used here,building America and protecting America from inside!
Go Obama, Biden, show the world that we can do that!!!!!
Shrillary is a jerk..............
STOP WHINNING YA
It's amazing to me how much money spent (or wasted depending on how you look at it) during these campaigns. At least they squandered primarily their own money and not ours.
Why do you losers always predict gloom & doom? In case you have forgotten, this country was put into this mess by you republicans and your policies.
just because she "loaned" her campaign, doesn't make the 109 million go away, she is so rich that this article is funny
America loses..... tsk tsk.... your guys and your party got us into the mess we are in! Get used to idea... and just as Bill Clinton bails all of US out after Reagan's trickle down economics melt down; Obama will clean up Bush's (both of them) mess! It is getting old in my book.... when will people wake up and learn from the past!
Unless you are rich, the republican party is NOT your party... and if you are stupid enough to believe they are.... then you deserve whatever you get. Sadly the last 8 years, we all had to suffer for the stupidity of the Christian Right and other far right dreamers!
The SHOULD end up in debt. It's not a sympathy issue either.
Carole, even Bill when he was running used to say in voting for him, we would be getting two for the price of one... and I recall he used to say that she was the smarter of the two! Bill and Hillary Clinton are BOTH very intelligent people. Just as Barack and Michelle Obama. Hillary is an intelligent woman. And she will take care of her business and run the state department very well, thank you! Obama did not choose her because she was a loser, but because she is a very inteligent and capable woman! Don't you worry, they will all do very well! 🙂 But for goodness sake, can't we at least let them get IN office before we start tearing them all apart?
they shouldn't have ran on credit. the people hurting the worst, right now, are those who been livin off credit, too. credit is invisible money, just like home values.
The secret is to know when to STOP campaigning- If the votes aren't there- they're just not there. Why throw millions more at a lost cause and in the process cause division and turmoil in your own party?
Just as an example: The Presidential race was OVER in MARCH- the end result turned out well for Dems- but many hurts could've been avoided by talking UNITY instead of division! I'm not going to forget some of the unbelievable stuff that came out of fellow Democrats
mouths!
hillary 2012
Yes,
some people are afraid of Barack, Hillary, Biden,etc. They are afraid what will happen once they are past January 20. So, in order to prevent them to get power, they are trying everything possible!
Fine, let them write comments, live in "Bush" world, and see us on January 21, 2009!
Good luck, Repugs!