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Publication: European Stars and Stripes Saturday, January 24, 1987

You are currently viewing page 14 of: European Stars and Stripes Saturday, January 24, 1987

   European Stars And Stripes (Newspaper) - January 24, 1987, Darmstadt, Hesse                                Politicians swimming in red Ink debts and surpluses View Imus conf Kuh a inti i i Assn in Idt to a johnb. A nor a nil 194 a air Iii to 1914.  0  13bo  ibs my w1w4 jemj18w Duih a conm1iiniii pm Onchi Rcd 1m4  Jun Jotun d i9b4 e w  d a Ndanu Al d  w h  a 194  it 197 Rould rghr1884 Monti Ludi Sudj 1db4 i i0.6b7  12,706 101,150 211.299 0 4i�.tm m.9sj 1.973.059 0.198 34b.s50 10,279 1.119.229 44.4� s.z4b.j9z 267 1.391.687 Mil Wilh on bind t s.4b4 0  1h j2.h9 5.911 7.777 4.7s3 a 3,10 1.wd 38 1w.j47 1.ib5 31v. In 9.1 s6 1,05fl,m4 to digit t 0 a 71.197 1.853 h41.b7j 0 2. B3t.ru 48, m 2.421ms  flr.54  2.804.907 d a a a 0 s0u a m Lyl  Nutman pm it by Richard a Berke new York times Ohn Connally would probably just As soon forget the 1960 Republican precinct caucuses in Iowa which marked the beginning of the end of his presidential bid. But the proprietor of the twin Torch inn in Waterloo Towa. Has nol forgotten Connay. The former Texas governor s defunct Campaign still owes the Motel s1,634 Lor lodging us workers six years ago. Rena Langenberg who runs the inn says she has initiated a new policy on the presidential Campaign encourages that slog through her Stele every four years we no longer accept anyone that has anything to do with campaigns she said unless they pay in Advance the Money owed to the twin Torch inn is a minuscule part of the 1980 Connally Campaign s total debt. According to the most recent Federal election commission figures Connally owes $841,633. To the Jubb Republican is not the Only former candidate whose Campaign committee is swimming in red Ink. Although presidential aspirants Are already building War chests or 1988,10 past contenders still have debts to remind them of their ailed campaigns. Even the Campaign committee of a forme president. Jimmy Carter still owes $676,197 from 1980. The candidates debts Large and Small Are owed to Banks Telephone companies printing concerns hotels and newspaper dipping services. Sen. John Glenn s 1984 Campaign owes $1,9 million plus interest to Banks and $350 to the Kentucky Fried Chicken outlet in Manchester . Soliciting contributions is considered a distas Elul necessity of a political Campaign. Gut continuing to John Connally the former Texas governor atoll owe $841,653 from his unsuccessful 1980 Campaign. Raise Money altar the election to retire debts is even less desirable particularly if the candidate was Defeated. Because Federal Law prohibits individuals from contributing More than $1,000 to a single presidential committee a candidate cannot Ash supporters who have already contributed that amount to help pay off leftover debts after the election. That is Why it often takes years Lor Presk Fennial candidates to pay their debts. There no great mystery to How you raise Money said William r White treasurer of the presidential committee for Glenn a Democrat of Ohio. You do it slowly and persistently realizing that it eventually gets  the 1984 Glenn Campaign had a $2.8 million Deb Asol sept. 30. The largest of any presidential contender according to Teerat figures. But the debt did not deter fund raising for Glenn s Senate re election Campaign last year. He raised $2.1 million in the two years before the Campaign and according to White will show a surplus of �800.000 when the final books Are tallied. . Election Law does not require that candidates pay Oft their debts before raising Money for a new Campaign. But heir Campaign committees including those representing candidates who pulled Oul of the race before the first primary must continue to i e statements with the Federal election commission so Long As they have outstanding Loans or Cash on hand some advisers to Gary Hart said it was largely because of debts from his 1934 presidential quest that the Colorado Democrat decided not to seek re election to the Senate this year. They said Harl who plans to run for president in 1998, did not want to have to pay  of his 1084 debts at the same time he was collecting Money for a 1986 Senate race and a 1988 presidential contest. Kevin Sweeney a spokesman said Hart had succeeded Kalefy in raising Money to pay off the debt because instead of thinking Back to 1984, his supporters Are looking to 19bb. Despite the Harl Campaign s outstanding debts Sweeney said he was confident that the creditors would not run out on Hart in 19s8. One such creditor is John Mallila who said his Boston consulting firm Marttila & Kiley harboured no Iii will toward the Hart Campaign Over $22,000 owed for production of television commercials and $9,000 Tor polling in 19b4. Debts Are just a fact of presidential politics Marttila said. I Don t think it s a wilful approach by presidential campaigns to sink people into debt. You need Brilliant financial management to avoid  but not everyone is As tolerant of debts As Marttila some vendors threaten to sue the campaigns or they complain to the Federal election commission which has no Legal authority to act As a collection Agency. In 1980. The Hawkeye car 4 truck leasing corp. In Des Moines Iowa filed a complaint with the commission that the Campaign of sen. Edwerd u. Kennedy owed $390 Tor car rentals and payment of traffic violations incurred during the Iowa caucuses the commission said it had no jurisdiction. Like the twin Torch inn. Hawkeye leasing is now wary of politicians. We will not rent cars anymore to political campaigns said Mike Adams vice president of the company they can buy cars from us but we won t  saturday january 24, 1987 the stars and stripes Page 15  
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