A Good Quarter for Hillary
She's just about out of debt
In the first three months of the year, Hillary Clinton paid off $3.7 million in bills left over from her failed presidential campaign, according to a report her campaign filed Wednesday afternoon with the Federal Election Commission.
The report shows that Clinton has only one vendor left to pay off: pollster Mark Penn. Her campaign paid his firm $3 million in the first quarter, but still owes it $2.3 million.
But I did have to blink a bit at this claim:
Though Clinton had $2.6 million in the bank at the end of March, she couldn't use that to pay off the remainder of the Penn debt because her campaign operation still has overhead costs it needs to pay.
For instance, in the first quarter, the campaign paid $9,400 in salary to staffers in New York and Washington, plus $2,300 in phone services, $7,000 for website maintenance and $30,000 in travel costs.
That's about $50,000 in the first quarter. Let's be generous and multiply that by 4, even though the expenses for things like salary and travel have to be going down now at Hillary for President, right? So that's $200,000. It sure sounds like she has plenty to pay off Penn.
Labels: Hillary Clinton