It goes without saying that politicians are always better about paying back campaign debt than public (i.e. your) debt, but it’s always nice when one of them acknowledges the sort of financial realities that apply to the rest of the (non-governmental) world.
Take U.S. Secretary of State Hillary Clinton, whose campaign organization last year owed nearly $12 million to almost 500 creditors – and another $13 million to herself – at the conclusion of her failed 2008 presidential bid.
Well, according to the most recent campaign finance filings, Clinton had $2 million in the bank as of September 30 – meaning she should have no problem paying back the remaining $995,000 her campaign owes.
Meanwhile, the U.S. public debt is currently $11.9 trillion – and is projected to soar to $18.4 trillion within five years.
By ArtVandelay August 19, 2010 at 10:49 am
LOL! Did you conveniently forget the Mr. Obama’s campaign helped her clear her campaign debt? As for the public debt, nobody can say Mr. Obama created that problem on his own. Deficit spending has been the norm for a while.
Seems like we had a surplus a while back…whatever happened to that…oh yeah that went to the wealthiest americans so they could create wealth/jobs for everybody else. Good thing to, just think where we’d be now without all those jobs they’ve created since then…