Political candidates preach financial responsibility while stiffing creditors

GOP Presidential wannabes like Michele Bachmann, Rick Santorum, Jon Huntsman and Newt Gingrich may preach financial responsibility on the campaign trail but they are deadbeats when it comes to paying their campaign bills.

Gingrich, a former Speaker of the House, owes $4.85 million in unpaid campaign debts.  Santorum, a former Senator, has stilled creditors for $1.69 million to date, according to campaign reports filed with the Federal Election Commission.

Huntsman wrote a check for $1.5 million from his personal funds to cover some of his campaign debts after angry vendors hired lawyers and threatened to sue.  He stills owes more to others.

Bachmann owes more than $935,000.

A lot of the unpaid bills are held by small businesses who GOP candidates claim they represent.

Republicans aren’t the only ones who stiff those who provided services.

Secretary of State Hillary Rodham Clinton still owes millions in debts from her failed run for the Democratic presidential nomination in 2008.  Her husband, former President Bill Clinton, won two terms in the White House but still owes hundreds of thousands of dollars from both winning campaigns.

“Campaigns often stiff creditors,” one Republican consultant told Capitol Hill Blue.

Normally, the small business owners end up holding the bag.  Larger vendors, like telephone companies and airlines, demand huge cash deposits to hold against future bills.  Even then, campaigns run short.  Early in his 2008 Presidential bid, Republican contender John McCain had to make emergency phone calls when his campaign plane was grounded for unpaid bills.

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2 Responses to "Political candidates preach financial responsibility while stiffing creditors"

  1. Sandy Price  July 30, 2012 at 9:16 am

    So much for improving moral values as a campaign promise. None of them understand it is wrong to lie, cheat and steal from others. If they can’t run on a winning agenda, they shouldn’t be in the race.

    I no longer send money to anyone running for any office until they sign a pledge to treat all Americans as equal. The voters would never vote for that agenda these days. That is why I write in my choices.

  2. Sandy Price  July 30, 2012 at 10:26 am

    In the old days when a candidate could win with a million dollars gathered for campaigning with the parties themselves would often help with the debts. Today, by the time the campaigning is over the candidates end up as bitter enemies. President Clinton ignored Senator Dole who knew a dirty fight would have done nothing for his own win. Is Michelle Bachmann running for reelection in November? She has a following large enough to make Romney’s life a living hell. Nothing explains my anger with the GOP more than Bachmann’s followers. Romney does not have a chance in hell. He has changed his opinions so often he cannot be trusted,.

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