In fact, unpaid debt to contributors is not legal if they fall outside of contribution limits. Campaign finance regulators treat that as cash contributions when the candidate reneges on the loan. Otherwise, candidates across the nation would simply take loans from the rich for their campaigning and “forget†to repay them. The Telephone USA “loan†is nothing less than a $1.2 million contribution, less the $6,000 Burris repaid of it, and if Illinois has contribution limits less than $1.2 million or prohibiting corporate donations, then this unpaid loan would definitely be illegal.
If Burris has not repaid this loan, he might be subject to prosecution for campaign-finance violations. If so, Harry Reid might have one more card to play before Burris takes his seat in the Senate  if he wants to play it. Certainly, either the Ethics or Rules committees should take note of this extremely large contribution to Burris to determine whether he owes the money back to the lender.
It may not be enough to keep the Senate from holding up Burris’ seat, but it could make it difficult for Burris to stick with the appointment. Perhaps the Democrats will bail out Burris by paying off the loan, but it’s an inauspicious start for an embarassing appointment if the Examiner has its facts straight.
NB: I denounce Ed Morrissey for using the verb “to renege” in this post.
Hsu him, will he?
Is there ANY politician in that state that isn’t as crooked as the day is long?
Speaking of which, one of Obama’s first acts is going to be sending 30,000 of our children into a senseless war.
Washington, a red tide is coming in. Better watch out.
This influx of pure leftists, so-called ‘progressives’, the “Unicorn Socialist Party†(formerly known as Democrats), the party of O!topia, is bringing much hilarity and little change. I can hardly wait.
Got popcorn?
I’d like popcorn, but all I can get is U.S. Gov’t Maize-based Exploded Snack Product, S/N 39471856387JB, Dep’t of Health, Approved Adult Inter-Meal Quantity. Glad it only costs 873.32 Obadollars.
Sorry, it isn’t 2011 yet.
[…] Dan Collins crossed from […]
Where’s my stimulus?
“…Mr. Death”?
…renege…
Isn’t that the whole point of the Burris appointment?
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