The Mudcat Café TM
Thread #109799 Message #2302846
Posted By: Stilly River Sage
31-Mar-08 - 11:13 PM
Thread Name: BS: Hillary Adopts Tanya Harding Option???
Subject: RE: BS: Mrs. Clinton not paying bills.
[sigh]
Read the article, Jack:
Clinton's campaign did not respond to recent, specific questions about its transactions with vendors. But Clinton spokesman Jay Carson pointed on Saturday to an earlier statement the campaign issued to Politico, asserting: "The campaign pays its bills regularly and in the normal course of business, and pays all of its bills."
Just like with other businesses, it's common for campaigns to carry unpaid bills from month to month, but in Clinton's case, it also could serve a strategic purpose.
The New York senator's presidential campaign ended February with $33 million in the bank, according to a report filed last week with the Federal Election Commission, but only $11 million of that can be spent on her battle with Obama.
The rest can be spent only in the general election, if she makes it that far, and must be returned if she doesn't. If she had paid off the $8.7 million in unpaid bills she reported as debt and had not loaned her campaign $5 million, she would have been nearly $3 million in the red at the end of February.