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Spending Like Drunken Sailors

Mike

Well-known member
No disrespect meant towards any members of the Navy.


This is Different! (Cruz Campaign Announces It Is Short On Funding!)
PAID FOR BY CRUZ FOR PRESIDENT

Posted on ‎4‎/‎13‎/‎2016‎ ‎1‎:‎54‎:‎46‎ ‎PM

____

This morning I woke up to an email from my campaign finance director. The email wasn't good news.

I've gotten emails like this before, but let me tell you: this time is different. Our mid-month fundraising report is due in just two days, and we're more than $300,000 short of funding our campaign.

As you know, having the resources necessary to compete is a big factor in running a campaign for president. We've already seen so many candidates who fell short leave this race.

Our campaign is literally running out of money, and to keep campaigning -- taking on Donald Trump, Hillary Clinton, and the Washington Cartel -- I need your help.



For liberty,

Ted Cruz
 

iwannabeacowboy

Well-known member
Trump isn't spending like a drunken sailor. He owes multiple municipalities money for police efforts that have yet to be paid. He's spending more like Obama.

Mayor Miro Weinberger complained to local TV station WCAX on Wednesday that Donald Trump owed the city $8,500 for expenses from the January rally, and that the bill was 60 days past due with no response.

The Democratic National Committee still owes the city $4,000 for two fundraisers held there by President Barack Obama and the First Lady.


Of course, there are those donations to the establishment rino's such as McConnell.
http://www.courier-journal.com/story/politics-blog/2014/05/15/mcconnell-superpac-contributors/9123841/
Donald J. Trump, New York, Trump Organization $ 50,000

That just doens't seem very "outside" for an "outsider"...
 

mrj

Well-known member
I've read several times over this campaign that Trump is loaning his campaign the money to fund it. Doesn't that mean that he intends to get the money back, and from whom????/

mrj
 

Traveler

Well-known member
mrj said:
I've read several times over this campaign that Trump is loaning his campaign the money to fund it. Doesn't that mean that he intends to get the money back, and from whom????/

mrj
Would you mind linking to the article, or listing the source?
 

mrj

Well-known member
Sorry, I don't have one in hand today. And have heard it more often on radio or TV, but have seen it, most likely in one of the SD daily newspapers by an out of state columnist, or on one of the ag newspapers' politics stories, as those are some of the papers I read at least weekly.

Now, as I know I've seen and heard that statement, I wonder if it is accurate, and I did assume such loans had been made by others. It would be interesting to learn if it is all factual, a common practice, or what? I think it was either stated or implied that some people have loaned money to their own campaign, then were reimbursed from their own campaign fund after those funds were raised later on during the campaign. So I'll dig a little deeper or listen more critically if I see or hear it again.

mrj
 

Steve

Well-known member
Half-True
Trump
"I'm self-funding my own campaign."

— Donald Trump on Monday, February 1st, 2016 in a campaign rally in Iowa
Is Donald Trump self-funding his campaign? Sort of

But in the last quarter, Trump gave his campaign a $10.8 million loan, turning that balance around.

That brings us to the second caveat: The vast majority of Trump’s contributions to his own campaign — about $12.6 million — are loans rather than donations. This means he could expect to eventually recoup these funds.

Further, of the approximately $12 million Trump’s campaign spent in 2015, about $2.7 million went toward reimbursing Trump-affiliated companies for services provided to the campaign, such as traveling in his own plane and helicopter, according to a New York Times analysis.
http://www.politifact.com/truth-o-meter/statements/2016/feb/10/donald-trump/donald-trump-self-funding-his-campaign-sort/
 

Mike

Well-known member
Seems to me he HAS to loan the money to his campaign because laws are written to prohibit campaign donations over certain amounts.

Since I'm sure the money didn't come from his cookie jar and came from from one or more of his many corporations, (which are separate entities in themselves) it only makes sense that he treats the campaign money as loans. If he were to take the money from his corporation and give it to himself for the campaign, he would be taxed on that same money again at a personal rate. It's only smart business.
 
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