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News Link • Politics: Republican Campaigns

Bachmann, Huntsman, Gingrich, Santorum Owe Millions to Creditors.

• Politico By DAVE LEVINTHAL and ROBIN BRAVENDER
The guy who owns those golf carts is still waiting for his check.
He’s not alone; Bachmann’s camp owes $935,000 to vendors across the country.
Other Republican contenders such as Newt Gingrich and Rick Santorum owe even more; their campaigns are $4.85 million and $1.69 million in the hole, respectively, according to their most recent federal campaign reports.
Unpaid Jon Huntsman vendors lawyered up earlier this year, and the former Utah governor responded by personally loaning money his campaign $1.54 million since March to clear most, but not all debts.
While it’s common for presidential campaigns to take their time closing up shop, the small businesses left holding the bag are asking: Whatever happened to fiscal responsibility?




 

1 Comments in Response to

Comment by Ed Price
Entered on:

Not so fast! Odds are that when these folks took out their loans, they did it with a Social Security Number on the form. This may mean that the SS Account owes the money. Not the people.

Now, if they set their SS Accounts and estates up the right way, the SS Account will be the one who pays off the debt - but only after they die. So if you want your money right NOW, you need to pray that they die soon.

Of course, any money that their SS Account pays on their debts will come from the people in the form of taxes. Time to check out the wording on the SS Account as well as any loan paperwork - check it out in legal detail from every angle.

By the way, if they can do it with their loans, why can't you? Maybe you can.
 


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