Romney campaign $11M in debt

  1. Stacie L profile image73
    Stacie Lposted 12 years ago

    According to a report in the National Review Online, the Romney campaign took out a $20 million loan prior to the Republican National Convention to help keep the campaign afloat until it could tap into the millions it raised for the general election. The loan was taken out against funds Romney would only be allowed to use after the nomination.
    http://www.globalpost.com/dispatch/news … n-11m-debt

    It's hard to beleive that a multi millionaire is in debt...but the laws clearly state that campaigns are funded by donations only...so whats to prevent him from 'donating" to himself secretly?

    replyreport
    1. profile image0
      JaxsonRaineposted 12 years agoin reply to this

      I'm a little confused, are you saying it's bad that he has debt, or that he didn't cheat and donate to himself?

      Debt isn't necessarily a bad thing... it's just a tool.

      replyreport
  2. Doodlehead profile image47
    Doodleheadposted 12 years ago

    I have a feeling this is problematic....

    replyreport
 
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