Bernie $65,000 in Personal Credit Card Debt (campaign, legal, democratic, regular)
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I remember Obama saying all his credit cards were maxed out so he had trouble making it to the 2004 Democratic National Convention, but geesh $65,000 is a lot. It did fluctuate back down to "just" $25,000 at one point, but couple that with him not having saved or invested anything by his age is troubling to me.
As balancing the budget is a concern of mine, I do think that someone who balances their own budget and thinks of the future finances by saving and investing might be more likely to balance the national budget.
Meh. Every candidate but the ones as wealthy as Mitt or Trump max out their cards at some point.
There's always legal ways to transfer war chest funds that will take care of the problem unless a campaign supervisor was so stupid as to not prepare for the eventuality. Sooner or later, the hotel bill has to be paid faster than the transfer can happen.
Bernie has no problems with transfers. He has self-funded his entire campaign, but he's been down this road many, many times before, and knows what to hold and what to spend. If his contributions keep up at their present rate, he won't have any problems. I expect them to increase, just as they did just before this latest batch of primaries. Bernie's average contribution is $44 dollars. That means he has millions of very dedicated followers on his side, all the way to the end.
Obama was much the same in 2008. But eventually, a couple of PACs came to support him late in the day.
Scott Walker's manager was THAT stupid. Walker had tens of millions in superpac funds, ready to blitz a state with TV, radio and print ads in a minute's notice, but his contingency fund was blown through so fast Walker was faced with funding the rest of the staff and road expenses for the rest of the primary season out of his own pocket. That's why, in large part, he quit so soon.
And he was going to be the establishment's savior from the great orange peril from Manhattan. Can anyone even remember that far back now? A year ago, in January 2015, Walker was the runaway favorite to win the nomination.
Now, he probably won't even be re-elected Governor. He can't even use any of that PAC money for a state race for Guv.
That's what you get when you flunk out of college I guess. If he had become the nominee, he would have been the first in over 100 years who didn't have a college degree in either party.
With $200K worth of income over a 25 year period, he hasnt saved much..
He is a regular American. Scratch that, he is doing way better than the regular American in terms of saving. And he's got a nice pension from being a mayor and being a Senator. He'll do fine in retirement.
Mick
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