Donald Trump Is Forgiving ‘Loans’ to His Own Campaign

Donald Trump Is Forgiving 'Loans' to His Own Campaign

After bragging every day that he was "self-funding" his presidential campaign, Donald Trump announced June 23 that he was forgiving the millions of dollars he "loaned" to his campaign, according to CNN. Why? One reason, it seems, is that potential donors to his campaign were concerned that Trump would use those donations to repay his loans. In other words, putting the money back in his own pocket.

As of May 31, Trump's loans to his campaign allegedly amounted to $46.1 million — and about 17% of the cash Trump spent in his campaign was at facilities he owned or for equipment he owned or leased. In effect, he was paying himself for the use of his own facilities.

The announcement came in a week dominated by headlines about Trump's fundraising efforts lagging behind those of Hillary Clinton, who was said to have about $42 million compared to Trump's $1.3 million on hand at the end of May.

"After self-funding his primary election, Mr. Trump and the campaign have assembled an exceptional fundraising operation, which in recent days has been overwhelmed with contributions for the Republican Party," his campaign said in a statement announcing the loan forgiveness.

Or, as The Donald might say on his way to making America great again — "It's amazing!"

Beau Weisman, Editor