Obama's red ink problem spreads to his campaign

Thomas Lifson
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...(Read Full Post)

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