I am flabbergasted at this figure: $31 million. In no other country would any politician run up this much debt in an election. It speaks to the cost of our current system of democracy. Isn’t there a less costly way to run a country?

The LA Times is reporting that Hillary Clinton is nearly $31 million in debt. The news comes off a release from her campaign Tuesday night that she has raised $22 million:

No wonder Sen. Hillary Clinton was so late filing her required campaign financial reports Tuesday night. Her political team didn’t want the shocking news in it to overshadow her lopsided thumping of Sen. Barack Obama in Kentucky.

Now comes the morning after, pay-up time. Clinton’s campaign debt has now soared to nearly $31 million, according to numbers crunched early this morning by The Times’ campaign finance guru, Dan Morain.

-The Huffington Post, 21 May 2008

Related posts: