Terry McAuliffe told MSNBC that Hillary Clinton is staying in until June 3rd. This against the backdrop of her growing mountain of debt. As John reported last night, the estimate right now is that the Clinton campaign is $20 million in debt -- and you know it's growing fast.
The best solution would be for Clinton to just face reality and drop out. But, that's not what anyone expects from the candidate AP calls the "deluded, also ran." There's already a big pool of money available to pay Clinton's debts according to the Associated Press -- all that money Hillary raised for the general election. A large number of Hillary's supporters contributed the maximum amount of $2300 to both the primary and the general election. The general election total (approximately $22 million as of March 31, 2008) is off limits for now. However, with some finagling of the system, that money may be available to Hillary to pay debts:
Money may matter, too, although arcane federal campaign finance rules appear to make it easier to pare her debts than is generally understood.That's a much better solution than asking the rest of the Democratic party to pay for her decision to continue the ego trip. And, this may explain why Clinton is so willing to stay in the race. She can scam the system in a way that would make John McCain proud.
Several experienced campaign finance lawyers argue that Clinton can have her Senate campaign fund assume all debts owed to others. Then, with permission from her donors, she could transfer into the same account an estimated $22 million she has raised for the general election campaign.
That money could be used to pay down what she owes others, they said, but not the $11.4 million or more she loaned herself.
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