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Tue Sep 18, 2012, 09:34 PM

Romney campaign has $11 million debt

DALLAS — Mitt Romney’s presidential campaign borrowed $20 million in the month of August to pay for its expenses before he could begin tapping general election dollars and is now $11 million in debt, a senior campaign official confirmed late Tuesday.

Romney’s campaign finance filings, due to be released on Wednesday, will show the campaign with $15 million in debt, the official said, although the debt currently stands at $11 million.

The National Review Online first reported news of the campaign’s debt Tuesday night.

Although Romney has raised hundreds of millions of dollars in general election funds, his campaign could not legally tap those funds until after he officially was nominated at the Republican National Convention. Through the summer, he could only spend primary dollars, and once that money dried up the campaign was forced to borrow money to pay its bills.


http://www.washingtonpost.com/blogs/election-2012/wp/2012/09/18/romney-campaign-has-11-million-debt/?tid=sm_twitter_washingtonpost

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Reply Romney campaign has $11 million debt (Original post)
Tony_FLADEM Sep 2012 OP
Panasonic Sep 2012 #1
lastlib Sep 2012 #2
Thrill Sep 2012 #3
AlinPA Sep 2012 #4
Bernardo de La Paz Sep 2012 #5
Sweet Freedom Sep 2012 #6
Kteachums Sep 2012 #7

Response to Tony_FLADEM (Original post)

Tue Sep 18, 2012, 09:36 PM

1. Hopefully turning into a 1.1b debt

 

by the end of the campaign.

And Mittwit is left holding the bag.

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Response to Tony_FLADEM (Original post)

Tue Sep 18, 2012, 09:37 PM

2. He gots lotsa sugar daddies.......

....I ain't cryin' no tears fer dat scumlikker.

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Response to Tony_FLADEM (Original post)

Tue Sep 18, 2012, 09:40 PM

3. Call Sheldon

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Response to Tony_FLADEM (Original post)

Tue Sep 18, 2012, 09:40 PM

4. No sweat, there is lots of money in Las Vegas at his disposal. He could "borrow" a billion from

Adelson and pay it back "someday".

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Response to Tony_FLADEM (Original post)

Tue Sep 18, 2012, 09:55 PM

5. Billionaires do not like losing investments. The pledges can be withdrawn. Pledges are not cash. nt

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Response to Tony_FLADEM (Original post)

Tue Sep 18, 2012, 10:23 PM

6. He should ask his parents for a loan.

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Response to Tony_FLADEM (Original post)

Tue Sep 18, 2012, 10:38 PM

7. Donald Trump made a statement that the G.O.P. had saved their money until now to spend?

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