Cited: CNN / UPI
According to records that were filed with the Federal Election Commission after her unsuccessful 2008 presidential campaign, Secretary of State Hillary Clinton began the year with debts left over from her campaign in the amount of $5.9 million. The $5.9 million in remaining campaign debt is owed to five creditors, down from 16 creditors a month earlier.
The nation’s top diplomat has been steadily chipping away at unpaid campaign bills since suspending her White House bid in June, when her debt peaked at $25.2 million. That amount included both $12 million owed to vendors and the $13.2 million she loaned her campaign from personal funds.
Clinton’s campaign was unable to repay that personal loan by the time the Democratic National Convention convened in Denver, Colorado, in August, the deadline mandated by the 2002 McCain-Feingold campaign finance law. The former New York senator has since forgiven the entire loan amount, leaving only the $5.9 million owed to vendors on the campaign’s books.
Clinton and her supporters had been in a race against time to pay off as much of the debt as possible by the time of her confirmation and swearing-in as the nation’s 67th secretary of state on January 21. As of that date, Clinton became subject to a federal law known as the Hatch Act, which prohibits federal employees from personally soliciting or accepting political contributions.
Clinton’s mother, Dorothy Rodham, sent out the last of a series of e-mail fundraising pitches January 16, specifically asking for donations to help retire the debt before her daughter took her new post.
“Now I have to ask you — for the very last time — to give her your help. This is our last chance to help Hillary pay down the debt from her history-making campaign,” Rodham wrote in a note distributed to Clinton’s campaign distribution list. “I know how much it would mean to her to have your help this one last time. Please take this opportunity to show Hillary your support by making a contribution today.”
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The Hatch Act does allow others to continue raising funds on Clinton’s behalf, though without her direct involvement. The FEC report did not indicate how much debt the campaign carried as of January 21. That report will not be available for several months.
The bulk of this debt, $5.4 million, is owed to Penn, Schoen & Berland, a political consulting and polling firm that advised Clinton during her presidential bid. The firm’s president, Mark Penn, was Clinton’s senior campaign strategist until he stepped down in April amid revelations that he lobbied on behalf of the Colombian government for a U.S.-Colombia trade deal that Clinton opposed. Penn did remain involved with the campaign, though
The other creditors are the Washington-based firms of MSHC Partners, which is owed $397,114 for printing costs, and D.H. Lloyd & Associates, which is owed $147,987 for insurance costs; Financial Innovations Inc. of Cranston, Rhode Island, which is owed $31,452 for printing costs; and the Mayfield Strategy Group of Palo Alto, California, 
which is owed $4,552 for consulting and Web site expenses.
Clinton raised $1.3 million in contributions in December 2008 and had an end-of-year cash-on-hand amount of $1.6 million, which can be applied toward the debt
In January, one celebrity, rocker Jon Bon Jovi headlined a fundraiser for the then future U.S. Secretary of State Hillary Clinton to help her reduce her electoral debt, according to the organizers. The “Destination Anywhere” rocker made an appearance at the Manhattan event in January as well as Mr. Clinton, former US President according to New York Daily News.
The “Thank you, Hillary: A Salute to Hillary Clinton” event was intended to raise money for Clinton, the U.S. Senator from New York who still has $6.4 million in debt she racked up in her unsuccessful campaign for the Democratic presidential nomination and has since brought it down to $5.9 million. Clinton is giving up her Senate seat after being picked by President-elect Barack Obama for the foreign affairs Cabinet post. This is much less than the $12 million reported by the daily news last June. Apparently, Vice President-elect Joe Biden also held a fundraiser for Clinton in Philadelphia at least according to the newspaper.
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My Take: My mother taught me a simple fact; if you cannot afford to pay the bill, do not create. Apparently Hillary never learned this. Right now she reminds me of a woman who is more concerned about her designer perfume than her finances. She must not be very smart and she had to have so many different strategy outfits working on the campaign.
Politics is the worst subject ever to write or talk about. You will make half the people mad and the other half will agree with you. And it is the half that you make bad you need to worry about because they are not thinking about name brand fragrances like Hillary.
It would have been great to see a woman become president. However, there are still many people who believe that women should still be worrying about wedding and anniversary invitations instead of politics. However, I am sure that Hillary sent out plenty of party invitations to raise funds for her campaign. Unfortunately, she apparently didn’t raise enough funds.
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