Day: July 31, 2016

Irony alert: Railing against debt, Sen. Paul’s defunct White House campaign owes $300K to dozens of businesses

Rand Paul for President reported $301,108 in debts and $2,558 in cash on hand as of June 30 in its most recent filing to the Federal Election Commission, according to the Lexington Herald-Leader.

Paul and Gray
Paul and Gray.

After quitting the White House race in February, the first-term Republican senator returned to Kentucky, where he’s raised $3.1 million in a separate re-election campaign to beat Democratic challenger Jim Gray, the mayor of Lexington.

Campaign spokeswoman Kelsey Cooper told the Lexington newspaper that everyone will be paid in full, but declined to give a timetable. “Closing down campaigns takes time, as evidenced by other presidential campaigns that are at similar stages of doing so,” Cooper said.

In its story, the newspaper noted that Paul, 53, called debt  “the greatest threat to our national security” during one of the Republican White House debates. And on his Senate campaign website, Paul says: “When I talk with people across Kentucky and the United States, the most common top concern for our country is our ballooning federal debt.”

Here’s video of the debate:

Related: Paul’s stock portfolio jumped double-digits last year. (Also: he likes silver coins.)