Trump Running in the Red? - The American Spectator | USA News and Politics
Trump Running in the Red?

FEC filings are out today, and all of your favorite candidates for the highest public office in the land, are now open to criticism about their hypocricy on the subject of fiscal conservatism, and we find out interesting tidbids on their spending habits. For instance, did you know that it’s possible to blow $13 million on a campaign that has yet to officially have more than 5% support? Because it is. And I’m being both generous with the 5% marker and holding back on describing how the “high life” has treated Jeb Bush.

Oddly enough, there are a few statistics standing out above the rest. Even as Jeb Bush runs into campaign quicksand, his SuperPAC has yet to unleash the unbridled furor of their financial solvency. And while George Pataki is running the most covert Presidential campaign in history, he’s only $20,000 in debt. And while most campaigns are, at this point, running into some sort of debt problem, no one is running quite so deeply into debt as Donald Trump, the man who technically hasn’t even campaigned yet.

 Reviewing the third quarter presidential campaign filings, one finds that Donald Trump runs his presidential campaign much like he ran his casinos – in the red.

The Trump campaign ended the third quarter with $254,772.88 of cash on-hand, which is about 48 percent less than the $487,736.16 with which it started the quarter. Trump is therefore spending money at a faster clip than he’s raising it. Moreover, the campaign also has incurred more than $1.8 million of debts and obligations – no doubt, many of them to Trump himself. That leaves the campaign with negative cash, which should be a familiar position for the real estate magnate whose companies have declared bankruptcy four times.

Not just negative, $1.8 million dollars negative. Fortunately, it appears that most of his campaign expenses have been merchandise – a whopping $800,000 on shirts and hats. Add to that a reimbursement for his private jet at $700,000 and you can almost account for the entire expenditure. He hasn’t been raking in much cash, either – but the thing is, Trump doesn’t exact need it. He can afford to spend the $1.8 million on pretty much anything, so whether it’s few nights at a pricey hotel on a private island or a Presidential campaign that keeps him occupied for months at a time, the “debt” isn’t too terribly shocking.

What is interesting is that few of his campaign expenses are traditional – no consultants, no lists, and no payroll. 

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