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How Hillarry can turn her carriage into a pumpkin

Why Clinton Stands to Lose Millions - US News and World Report
US News and World Report reports: Experts disagree on whether or not Clinton will actually stick in the fight until the Democratic National Convention in August. But the date looms large for another reason—at least, if she hopes to recoup any of the millions she has sunk into the campaign. Thanks to a little-known provision in 2002's McCain-Feingold campaign-finance reform bill, a campaign must repay the loan to a candidate before Election Day. In this case, that's the nominating convention. After the election has passed, a bankrupt campaign is limited to gathering just $250,000 from contributors, which means that modest sum is all it can give back to a candidate. In short, Clinton stands to lose $11,150,000. "If she wants to be repaid, she'd have to move on that between now and the national convention," says former Federal Election Commission chairman Michael Toner. "Otherwise, it just becomes another contribution." The campaign, meanwhile, has other debts to consider as well. According to her latest FEC filing, the Hillary Clinton for President campaign committee owes millions to vendors, including more than $4.5 million to Penn, Schoen & Berland Associates, the consulting firm of her former chief strategist Mark Penn.

That adds another wrinkle to her decision to stay in the race. Time is running out to pay off friends, allies, and vendors. Plus, by all accounts, Clinton's most ardent supporters are tapped out, either unwilling or unable by law to donate any more. If she's going to continue competing, she has to ask herself how many more millions she's willing to spend in a quest many describe as increasingly quixotic. In short, how much does she care about the money? Politics guru Larry Sabato at the University of Virginia figures not much; after all, the Clintons earned $109 million since leaving the White House. "It's like Michael Bloomberg spending a billion. Would he miss it? Is she going to miss $10 million? There's only so much you can spend yourself anyway." -- Why Clinton Stands to Lose Millions

Hat-tip to Taegan Goddard's Political Wire for the link.

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