Deficit spending has become such a habit with President Obama that now his campaign is doing it. Oliver Knox of Yahoo News reports:
President Barack Obama's campaign spent more than it took in over the month of May despite his frenetic fundraising schedule, leaving the massive operation with just shy of $110 million dollars cash on hand against $115 million one month earlier.
The embattled incumbent scooped up a hair over $39 million dollars but spent nearly $44.6 million, according to a formal filing with the Federal Election Commission. A more detailed breakdown can be found here.
I suppose they could try printing up counterfeit Obama bucks to pay creditors. The president could take an "executive action" instructing Treasury to not devote any resources to enforcing counterfeiting laws relating to young innocent Obama bucks which just want to participate in the American economy. He could even claim that the new money is having a stimulative effect on the economy, just like the Fed's printing press supposedly does.
But there is no mistaking that this is a terribly ominous sign for his campaign. No wonder Obama looked so disoriented in Los Cabos at the G 20 press conference. He had been counting on having a money advantage back when his campaign boasted of raising a billion dollars.
The poll mavens continue to insist that this will be a close election. But there are plenty of other signs that Obama is in deep trouble, and his face is showing the strain. Time for another stick of Nicorette to help him calm down.