Tuesday, March 6, 2012

Ca$h Money & Glitter Tuxes

As we've watched these GOP clowns drop out of the race we have to ask ourselves, what happens to all that ca$h money they raised during their campaigns?

These fancy moving pictures weren't cheap y'all
After researching it sounds like there isn't much ca$h money around after the election is over, but what about Perry or Bachmann who never saw the finish line?

Let's call a spade a spade : campaigns = EXPEN$IVE, with travel (those jets don't fly themselves folks), accommodations, chow at a local diner, lip balm for ass kissing, loads of advertising. This all adds up to some pretty big cheddar. However there are times when there is a surplus when the candidate is given the boot back to the homeland. How is this money distributed then?

Donate to charity vs. political party to get a seat at the big table.. hmmm.. what's a candidate to do?
There are many options in this situation.  An unlimited amount of ca$h money can be donated to a charity or a political party. They can donate a limited amount ($2000) directly to other candidates in cases of an abandoned campaign ala' Tim Pawlenty (wow, we forgot this guy even ran). A campaign committee can become a PAC and donate up to $5000 per candidate. There are rules established by the Federal Election Commission (FEC) regarding all of this. Are there loopholes? Another post, another time, moving on.
You people do not appreciate the difficulty of being a Romney

One stipulation is the candidate cannot use the money for personal use. Back in the day retiring federal lawmakers could use the money for cars or vacations and other personal use. Thanks to the Ethics Reform Act of 1989 this was nipped in the bud. Sorry Marcus Bachmann that glitter tux will have to wait until Christmas.

Source:  (http://www.factcheck.org/2008/02/leftover-campaign-funds/)

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