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View Full Version : How are Romney and McCain going to pay off their debt?




D B Branyers
01-31-2008, 08:54 AM
I know Romney is tapping into his own bank account. But it seems now that McCain is in the red this quarter too. How does he plan on compensating for this?

Also, Romney is really blowing his wad. Is this the kind of spending he will do if he is president?

Jae0
01-31-2008, 08:54 AM
McCain will just wait tills he's in the white house and then take a couple million from Lobbyist to pay off his debt.

jlaker
01-31-2008, 09:12 AM
I hate Mccain, I hate Mccain, I hate Mcacain........................................... ..

Jae0
01-31-2008, 09:13 AM
I hate Mccain, I hate Mccain, I hate Mcacain........................................... ..

x 1000000000000

Eponym_mi
01-31-2008, 09:14 AM
McCain will probably tap into his wife's money. If McCain is the nominee, he will NOT win in the general.

m72mc
01-31-2008, 09:21 AM
Maybe he will print money out of thin air.

bbartlog
01-31-2008, 09:23 AM
I expect McCain is hedging his bets by getting approved for federal matching funds. He is probably borrowing against these funds; if he can fundraise his way out of the hole he's dug, following on Super Tuesday victories, then he's in OK shape (but still not flush) as it will allow him to pay off these debts. If he doesn't do so well in fundraising then he takes the matching funds and uses those instead. Either way, he's probably going to be pretty hamstrung going in to the general election even if he manages to win the nomination, but right now I imagine he doesn't care about that.

Jae0
01-31-2008, 09:23 AM
Oh thats almost a givin.

akalucas
01-31-2008, 09:40 AM
according to here http://query.nictusa.com/pres/2007/YE/C00430470.html Mccain was a little over 1 million dollars in debt at the start of Jan. but he has raised 7 million so far this month, so for now he has 6 million minus any money he has spent this month. Any estimates about how much he has spent this month. Last quarter he spent on average 3.3 million a month so I figure he prob. spent about 5 this month with all the primaries going on. If thats the case he has 1 million right now cash in hand and is making about 2 million every week by donations.