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To: JediJones
So was Hillary’s 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 he’ll 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/
54 posted on 05/03/2012 9:57:08 AM PDT by conservative98
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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.


55 posted on 05/03/2012 10:30:52 AM PDT by conservative98
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To: conservative98

Thank you Juan McCain.


56 posted on 05/03/2012 10:32:08 AM PDT by conservative98
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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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