To: JediJones
So was Hillarys debt all eventually paid off only from $2,500 donations?
It still hasn't been all paid off yet. What was paid is from $2500 or less per person. A person is limited by campaign finance law from simply donating millions to his/her own campaign -- that includes donating millions after the election to pay off campaign debt. Companies cannot donate.
Newt had raised millions for his think tanks like American Solutions so I have a feeling hell be able to pay this down in the same timeframe Hillary did.
He can raise millions, but it will still can only be for $2500 per person or less.
http://go.bloomberg.com/political-economy/2012-04-25/gingrich-super-pac-cash-enough-to-pay-his-debt-if-only-it-were-legal/
To: conservative98
The problem is not paying off the debt. The real problem is the contribution limit. If one guy could have given Newt $10 million directly to Newt, then they wouldn’t have this debt in the first place. Newt would have likely competed earlier in Forida and the rest would have been history.
To: conservative98
To: conservative98
However I read Hillary loaned millions to her campaign. What if someone loaned millions to their campaign and then folded up the campaign without ever paying themselves back? Wouldn’t that be a loophole to the personal contribution limit?
I actually thought that anyone could legally spend as much of their own money as they wanted on their campaign. I just Googled an old page (on DU, LOL) that suggested once a candidate spent a certain amount of their money, the contribution limit for their competitors would get raised.
What a mess of regulation...
57 posted on
05/03/2012 11:19:55 AM PDT by
JediJones
(From the makers of Romney, Bloomberg/Schwarzenegger 2016. Because the GOP can never go too far left.)
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