Home > posts > Checking in on Hillary Clinton
April 29th, 2010 12:05 pm
Checking in on Hillary Clinton

Ever wonder how losing presidential campaigns pay off their bills, and keep staff afloat?  Well, Kenneth P. Vogel and Laura Rozen at Politico provide a detailed summary of how the myriad of organizations connected to Hillary Clinton’s political career are paying down her debts.

It can take years for big campaign committees — particularly presidential ones — to wind down operations, settle outstanding bills and deal with sometimes costly legal issues, all of which requires committees to keep cash in the bank. Clinton’s campaign finished the presidential race in bad shape, carrying an embarrassing $7.6 million in debt that could have hampered any future political maneuverings.

But a report filed this month with the FEC shows that at the end of March, Clinton’s presidential campaign had paid back all but $771,000 of that debt (which is still owed to her presidential campaign pollster Mark Penn), and had an impressive $624,000 in the bank, thanks mostly to hefty rental fees paid by No Limits and other groups to rent Clinton’s e-mail list since she became the nation’s top diplomat last year.

No doubt Clinton’s name recognition and multi-decade career in the national spotlight give her loyalists access to financial resources that few other politicians could tap.  Too bad the donors eliminating Clinton’s debt aren’t matching those contributions with extra donations to the Treasury Department to help soften the impact of her boss’s spending spree.

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