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Response to SOS (Reply #11)

Wed May 2, 2012, 10:09 AM

23. Actually...

Actually, Newtie Poo isn't liable for a red cent of his campaign debt.

Campaign committees operate essentially as corporations. The campaign is liable but the actual candidate isn't. Many people actually think that because a person runs for office and the committee is on their behest and behalf, that they have to pony up for the debt.

Now, knowing this, people are probably wondering: "If candidates aren't liable, why do they even bother to pay off their campaign debts?" There are several reasons. A) The erstwhile candidate is not a total douchebag and wants to make right by his campaign's vendors. B) The candidate expects to run again. C) Other people help pay off the debt. After all, if not paying campaign debts was de rigeur, no one would do business with campaign except on a strict COD basis.

Also, campaign committees can continue on long after the actual campaign has subsided. The 1984 presidential campaign committees for John Glenn and Ronald Reagan are actually still in existence with campaign managers and treasurers and the like. Glenn's campaign is still trying to retire debt whereas the Reagan/Bush '84 committee keeps reinvesting its surplus and basically operates as a PAC. Last I heard, Pat Buchanan's sister Bay is still the campaign treasurer.

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