Romney campaign is broke, $11 million in debt

It’s a good thing for him that presidential candidates are allowed to borrow money, because after a $20 million loan, Mitt Romney is broke and $11 million in debt. The Washington Post reveals that the Romney campaign has been spending money it doesn’t have (that’s right, the candidate who says debt is killing us is in debt himself) throughout August and September while waiting for him to officially gain the republican nomination before he could begin spending general combined campaign funds from the republican party (sounds a lot like socialism)…

While Romney had been out-fundraising President Obama’s reelection campaign earlier in the year, those fortunes were reversed in August when Obama out-fundraised Romney for the first time. Rather than sticking to spending only what he had (so much for balanced budgets), Romney opted to mortgage the future so he could keep his spending high. Now it appears Romney’s spending may have been out of control, and he’s left with an $11 million debt that his party will have to bail him out of. Now that he’s able to tap into his party’s socialist shared general election fund, he’ll continue spending even more…

Bizarrely, despite being $11 million in debt, his campaign is set to announce tomorrow that it’s $15 million in debt. The four million dollar discrepancy will simply go unexplained, in similar fashion to the multibillion dollar discrepancies in running mate Paul Ryan’s budget plan. Romney’s debt-addled campaign for the presidency is based largely on the claim that he can get us out of debt more adeptly than President Obama, whose campaign currently has no debt at all.