Monday, May 12, 2008

Clinton Campaign Deep in Debt

to the tune of twenty million dollars.

From the WaPo:

Clinton Team Acknowledges $20 Million Debt

CLARKSBURG, W.Va., May 11 -- With her campaign falling ever deeper into debt, Sen. Hillary Rodham Clinton spent a rainy Mother's Day seeking votes ahead of Tuesday's primary here, turning a deaf ear to calls for her to leave a Democratic presidential contest she has little hope of winning.

Clinton aides continued to insist that she will remain in the race even while confirming that she is $20 million in debt. "The voters are going to decide this," senior adviser Howard Wolfson said on "Fox News Sunday," acknowledging the $20 million figure. "There is no reason for her not to continue this process." Wolfson said he has seen "no evidence of her interest" in pursuing the second-place spot on the Democratic ticket, contrary to rumors that she is staying in the race to leverage a bid for the vice presidential nomination.

In part this shows exactly how badly she wants the nomination. But in my mind I'm left wondering,"If she can't balance her own campaign's budget what is she going to do to America's budget?". However her campaigns debt may be one reason why she hasn't dropped out. After all if you gone twenty mill in debt on one thing wouldn't you ride that horse till it dropped?

Meanwhile over at The Politico Ben Smith offers a few possible exit strategies for Clinton. Of the those listed the one that could conceivably get Clinton to bow out is Hillary Clinton as Secretary of Health. Whats your take?