What happens when Donald Trump runs out of campaign cash? It won’t be terribly long before we find out. LA Times
One of Donald Trumpâ€™s most compelling arguments to voters is that by self-financing his campaign, he isnâ€™t beholden to â€œthe special interests, the lobbyists and the donorsâ€ as he puts it. Essentially, Trump gets to run on a platform of â€œWhat you see is what you get.â€
â€œI donâ€™t need money,â€ the billionaire boasted in July. â€œI donâ€™t want anybodyâ€™s money.â€
How much longer will he be able to make similar claims? We figure less than three months.
In July, Bloomberg News estimated that Trump’s personal liquid assets hovered around $70 million. The most recent Federal Election Commission funding reports showed that Trump had contributed $18 million to his campaign through Jan. 31. …
This campaign season, Hillary Clinton’s already large coffers suggest a projected spend of over $800 million through Nov. 18. Even if Trump stays on the relatively spendthrift track he’s on, his campaign is still projected to cost an additional $300 million. Both presumptive nominees will rely heavily on additional spending by their respective parties. If 2012 is an indication, more than a quarter of additional total spending will come from super PACs.
Even a conservative model â€“ one that allows Trump to spend barely a third as much as his primary competitors, on average â€“ still shows Trump’s liquid assets running out entirely by June 1.
While Trump will then have the option of selling securities and property to increase his cash on hand, itâ€™s likely heâ€™ll dramatically increase the proportion of outside funding heâ€™s willing to accept well before that date.
What happens then is anyoneâ€™s guess.