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FEC Report Highlights: John McCain's Campaign Is Virtually Bankrupt
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Fumes: His campaign reported $3.4M on hand with a debt of $1.7M. But it also reported raising a total of $1.8M toward the general election.
That means that McCain's campaign has no cash on hand -- in fact, even with the general election money factored in, it owes about $94,000. It is, in other words, bankrupt.
Its $1.7M debt, incidentally, comes from rent that is owed, an American Express bill that is overdue, and finance payments on computers.
Spending limits: The McCain campaign reports that it has spent $288,000 toward Iowa's spending limit, $234,000 to New Hampshire's spending limit and $230,000 toward South Carolina's spending limit.
Fly Commercial: Gone this quarter: expensive charter rentals. In: dozens of flights on commercial airlines, stays in Best Westerns, Days Inn, Embassy Suites and the Oceanview Terrace Motel in Shinnecock Hills, New York.
That means that McCain's campaign has no cash on hand -- in fact, even with the general election money factored in, it owes about $94,000. It is, in other words, bankrupt.
Its $1.7M debt, incidentally, comes from rent that is owed, an American Express bill that is overdue, and finance payments on computers.
Spending limits: The McCain campaign reports that it has spent $288,000 toward Iowa's spending limit, $234,000 to New Hampshire's spending limit and $230,000 toward South Carolina's spending limit.
Fly Commercial: Gone this quarter: expensive charter rentals. In: dozens of flights on commercial airlines, stays in Best Westerns, Days Inn, Embassy Suites and the Oceanview Terrace Motel in Shinnecock Hills, New York.
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