If you remember back in February I wrote on Gary Johnson coming into the Libertarian Party with $200,000 worth of debt and soliciting Libertarians for funds -- without clearing his Republican debt first.
In short, he was trying to get Libertarians to pay for his failed Republican run.
Given the article I just wrote on Johnson's actual fiscal record in New Mexico .vs. what he wants you to believe I thought I'd take a look at the latest FEC data available for his campaign. After all, he's still soliciting funds, ostensibly to "buy him a podium" in the debates.
Is that true?
The FEC says (through 7/31) that Gary Johnson's campaign has taken in $1.48 million in contributions of various sorts, and has spent $1.46 million.
But.... the campaign has, as of the last report, $14,000 on hand and debts of $296,000.
In other words he's about 50% more in the hole than he was when he first started soliciting Libertarians, he is today asking for one million dollars in donations (after first asking for $100k, then $250k, and now one million), and on a debt-to-equity basis he has roughly $20 in debt for every $1 in cash in his account.
I guess this is part of Gary Johnson's definition of "fiscal responsibility"... right Gary?
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