Corrected Item: Clinton's campaign debts at $20.88 million

This is an item correcting the campaign debts of the Democratic presidential campaign of Sen. Hillary Clinton as previously reported in The Ticket.

Due to a mathematical error, the $11.4 million she had previously loaned herself was counted twice, producing an incorrect total of nearly $31 million.

The actual total debt of her campaign, as reported in the campaign finance filing for April, is $10 million in loans to herself plus $9.48 million in unpaid bills.

Additionally, campaign officials said the New York senator gave herself another $1.4 million loan in May, producing a total current debt of $20.88 million. But the latest loan that occurred in May will not show up on finance filings until next month.

The other numbers for Sen. Clinton and other candidates' financial reports stand as written in the original item.

Comments

[dave]

how many people read the words, and do not understand: mccain's position as the preemptively-declared, presumptous would-be-nominee is completely fake: an advertising/pr(opaganda) product, made by hired whores. the same could be said for obama, or for clinton, whatever their respective standings. how many will wake up to see that something's wrong when two or three people will spend a billion dollars to get a 'job' that 'pays' perhaps a million? who accounts for the difference, and the astronomic 'investment returns,' if not you? and if you don't pay now, and not in dollars, it will be with your liberty, and by selling into slavery not just yourself, but your posterity. when (rarely) someone with integrity, like candidate for PRESIDENT, RON PAUL comes along to venture to defend liberty, prosperity and peace, the birthright of the people, this is not for profit but for love. whether people will snap awake from their hypnosis, and stop to idolize their greed, and stop to glorify deceit - it's up to them, it's up to you.

[08vote]

Hillary applies the kitchen sink strategy on Obama, goes into way deep political campaign debt, and then expects the Obama campaing to pick up a part of her financial liabilities? How much is the Obama campaign willing to pay, for Hillary and Bill to go away?

[MissClarity]

Come on you guys. She can't even run a campaign and it's financial responsibiliies. She's helter skekter in her running of her mouth and Americans deserve more than a chip on the should claim to be courage and lies claimed to be oversights. They are what they are - a strggle for sanity by her rules and life just isn't like that as witnessed by her hate messages and using the AP's Associated Press supporters of Clinton) wording in an article "white voter . . . " using is over and over again as a racist and claiming only to repeat the article. What folley. DLINTON IS NOT WORTHY OF THE TRUST OF THE CITIZENS OF THE UNITED STATES AND THE WORLD. PERIOD.

[David]

If Hillary is for the people as she claims to be, she should donate the 11 millon plus that she lend to her candidacy and forget about the money. She has so much money that she does not need to claim it back. On the other hand, Barack should not take over her debt. I believe that people who donated money to his candidacy gave mnoey to beat "the hated hillary" and not to pay her back.If Barack pays back to Hillary, he would be deceiving to his supporters Hillary is too rich to claim that money back. So, Hillary, be good for once and donate that money to your democratic party.

[Mr. Big Stuff]

I still haven't learned from any news media how the hell you loan yourself money though I've asked quite a few times in various places how that's possible. Also, what rate is she charging herself to loan herself money?

[Janet]

Don't you think that you should pull your original (incorrect) news story? Or is it all about being inflammatory and making headlines?

[Since the item is already circulating, and captured on search engines, it made more sense to us to correct the original and post this update. And the protocol is transparency, not to try to hide the mistake by removing it but to make clear what was wrong for all to see.]

[4OBAMA]

Want Obama to wind in November? Somebody draft Caroline Kennedy for VP!

[Ron]

WOW... that makes me feel better, now that I know that she is only in debt 20.88 million, if you don't count Michigan and Florida.

[Nik]

She's broke and still whining, but she refuses to quit. She'll dump millions into a campaign that by now she has to know she can't win, but she's doing that because she expects it back. Clinton is the same old same old.

[Ron]

I wonder if she is charging interest on the money that she loaned her campaign ?

[Bill]

The only thing that Hillary is doing is assuring her place in history as the female Ralph Nader.

[Dee]

She won't give it up cause I really think she has lost her mind. It's not funny, but scary ! She's in denial.
She can't believe that her "entitlement" went up in smoke!

[BeerBubba]

You sexists!

[NittyGritty08]

Mr. Big Stuff:
Hillary is loaning her campaign money from her private assets. Though we refer to Hillary's private wealth and Hillary's campaign funds similarly they are two distinct financial entities.
This is a guess, but I'd imagine that campaign finance laws would require that interest be accrued on campaign loans or else campaigns might take advantage of that loophole to run-up debts which they pay back later interest free. The future value of the same amount of money today is less because of inflation. That would be making free money off of inflation. Unfortunately, they never let us do that.

[trevor]

o.k., we have all the Hilary bashers here.....

[Kilroy]

Once upon a time, Hillary Clinton mockingly called Barack Obama "naiive". $20 million in debt later, she admits she has an gambling addicition and will seek help after she wins the nomination. LET IT RIDE, BABY!!!

The End

[Jen]

She writes another million dollar check to her campaign and still goes around begging for donations from "regular" folks to keep her in the race. From here on out, Bill and Hillary should just fund everything themselves and stop asking for donations. They take this money and clearly aren't paying the bills, some that are now months overdue. Just eat the loans and don't expect to be repaid--instead, pay off these "regular" small business owners that provided services on a good faith basis and now have to carry the debts on their books. Post election, Bill can schedule a bunch of speeches at $100K a pop and all will be well again with their bank account.

[Terry]

Mr. Big Stuff wrote: I still haven't learned from any news media how the hell you loan yourself money though I've asked quite a few times in various places how that's possible. Also, what rate is she charging herself to loan herself money?
----
Easy. The Clinton campaign committee is a separate legal entity from Hillary herself. It has to be, as candidates cannot use campaign donation for non-campaign purposes. What is referred to in the press, for convenience, as money "loaned to herself" is money that was loaned from Hillary Clinton's (the person) Hillary Clinton for President (the corporation; that is, the campaign committee). Fundamentally, it's no different that any person loaning money to any corporation.

According her FEC filing, she is charging the campaign interest at a rate of 1.26%, which is less than she would get by leaving that same money money in a savings account at her local bank.

[Tony P]

Oh man, I was so concerend with her debt , but now i feel much better that its only 20.88 mil and not 31 mil.

[Gaias Child]

Tell me please, how does a multi-millionaire candidate persuade people that she is the champion of the workers when she does not pay the vendors who were hired by her campaign to help out? How does this work? No, really the question is, how can she believe herself with behaviors like that in the mirror? By what psychological dance step do you fashion yourself mistreated and under-appreciated and competent to run the country when ... obviously your psyche is in painful disarray and your math is imaginary and your debt are to the "hard-working Americans." Really, next time my candidate's campaign calls me I have to find out whether my little dolllars will go to you. It's bad enough that anybody votes for you but I sure don't want to pay your way.

[Rabbit]

So, the campaign is $20.88m in debt, of which $11.4m is a loan from Hillary. Therefore, even with no new spending, 55 CENTS of every dollar donated to Hillary's campaign at this point will be going into HER POCKET to reimburse her loans.... This is no longer a "valiant fight" and "an admirable courage", campaigning is her new job to pay off the way she has mortgaged herself in pursuit of the White House

[Sem]

How could Hilary not balance her our budget and be in great debt and yet talk a lot about this country's economy. You don't have to be college educated to know this and so this put in a simple term, for those white not hightly educated Hillary supports whose pockets are probably hurt the most, wake up and say your goodbye to MRS Hillary Clinton and hello to Obama. If he has amassed over 200 million dollars in campaign money, think about what he will do to our economy and to this country we all love.

[Gotta Laugh]

Hillary's horse is dead on the track, but she keeps kicking it to get up & start running. At least the dead horse knows when to stop 'whining'.

[Steve P]

She was expecting her 'special interest' friends to pick-up the tab but now that they've dropped her (no one likes a loser) she's screwed. Her last hope is to fool her poor, delusional supporters, who barely have enough money to feed themselves, into sending her $5, $10, or whatever they can spare so she can 'pay herself back.' It's really disgusting, it reminds me of the Clinton legal defense fund of the '90s. The good news is that she's shown us what she would have been like as president so now we all know how lucky we are that she's out. By the way, she's been out since March, she was just too ignorant to realize it. All her dirty tricks didn't save her this time.

[sally omally]

WHAT HAPPENS AFTER SHE LOSES. DOES SHE DECLARE BANKRUPTCY SO WE CAN PAY FOR IT? WILL SHE REALLY PAY IT BACK OR ONCE AGAIN SOMEHOW DO WE GET THE DEBT. WHY IS SHE SPENDING MORE THAN SHE'S BRINGING IN? IS THAT THE SIGN OF A GOOD LEADER? CAN ANYONE TELL ME WHAT HAPPENS TO ALL OF THESE MILLIONS IN DEBT AFTER THE CAMPAIGN IS OVER??