Tuesday, April 22, 2008

Fiscal Responsibility

Be aware, Pretty Lady is not entirely a Pollyanna when it comes to the cold hard facts of Economics. She is aware that what is bought, must eventually be paid for; she is aware that however much we cleverly strive to create Wealth out of airy machinations, eventually these proceedings must manifest something tangible and grounded, or we shall crash to earth most painfully.

But she would just like to draw your attention to this:

Mrs. Clinton, of New York, currently has $10.3 million in outstanding primary debts but only $9.5 million available to cover them, leaving an $800,000 shortfall at the end of March. In February, the Clinton campaign had unpaid bills of $8.7 million and $11.7 million in cash.

By comparison, Mr. Obama of Illinois, who raised $42 million in March, had $43 million in cash for the coming primaries and a campaign debt of less than $660,000 at the end of March. Mr. Obama is spending 75 cents for every dollar he is taking in; Mrs. Clinton is spending $1.10.

Now back to our regularly scheduled discussion.

1 comment:

Anonymous said...

That is the problem with some people. They speend 110% of what they make. Sooner or later it will catch up with you.