Scott Walker's presidential campaign faces $1 million deficit
http://www.jsonline.com/news/statepolitics/scott-walkers-finance-reports-to-provide-insight-into-failed-campaign-b99597334z1-333074031.html
Wisconsin Gov. Scott Walker raised $7.4 million for his short-lived presidential bid but spent his cash as quickly as it came in, leaving the campaign with a debt of at least $1 million once all the bills roll in, according to sources and a report filed with federal elections officials Thursday.
As of the end of last month, the campaign had spent $6.4 million, with more unpaid bills still showing up. The campaign burned through about $90,000 a day without even running major broadcast ads, doing so months before the first votes are cast. The full extent of the deficit may not be revealed until the campaign files its next report with the Federal Election Commission in January. Sources familiar with the campaign's situation said it will take many months to pay off the more than $1 million debt and described it as a "campaign nightmare."
The figures provide perspective on the challenges and missteps that undid the state's first major presidential candidate in generations and on a debt that could serve as a drag on Walker's political prospects going forward. He dropped out of the race on Sept. 21, unable to sustain financially a candidacy that had soared early but then plummeted.
Contributions to Walker's campaign peaked in July with $2.4 million, but dropped by 50% in August, the month when he was deemed to have given a tepid performance in the first GOP debate. Donations dropped even further in September, but spending stayed strong. The governor's campaign manager made more than $50,000 for 71 days of work, while Walker's sons, Matt and Alex, drew nearly $10,000 in salary between them over those 10 weeks.
The article refers to Wanker's "high burn rate." No mention of the burn Wisconsinites are feeling over Wanker's performance.
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