https://www.wsj.com/amp/articles/ted-cruz-the-supreme-court-and-10-000-federal-election-commission-campaign-debt-11652732706

In 2018 Ted Cruz lent his Senate campaign $260,000. The law was that maximum of $250K in donations can be used to repay debt contributed by candidate. Cruz campaign repaid the maximum allowable $250K to Ted Cruz, but that left Cruz in the hole for $10K so he sued. It went all the way to the Supreme Court who ruled yesterday that capping loan repayments with funds received from donors limits free speech. So Ted Cruz campaign can now use donor money to pay off the $10K loan to himself plus interest. Ted Cruz made money by running for Senate.

Don't hate the player, hate the game

It helps challengers not incumbents

Your concern is not touching.

Embarrassing thread. Even by OP's standards.

If you have to make a loan from your personal account then I'm not sure how much gamesmanship there can be. They can't repay more than the loan based on what I read. Interest charges are a bit of a question and possibly room for shenanigans there.

Thats quite the leap in logic you made there.

Dan Scott said:

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https://www.wsj.com/amp/articles/ted-cruz-the-supreme-court-and-10-000-federal-election-commission-campaign-debt-11652732706

In 2018 Ted Cruz lent his Senate campaign $260,000. The law was that maximum of $250K in donations can be used to repay debt contributed by candidate. Cruz campaign repaid the maximum allowable $250K to Ted Cruz, but that left Cruz in the hole for $10K so he sued. It went all the way to the Supreme Court who ruled yesterday that capping loan repayments with funds received from donors limits free speech. So Ted Cruz campaign can now use donor money to pay off the $10K loan to himself plus interest. Ted Cruz made money by running for Senate.

Don't hate the player, hate the game

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Was he asking for anything more than full repayment of the loan he gave to the campaign?

It isn't like he *****d his family out to the Chinese Communist Party and Vladimir Putin for 10% of the cut.

Swing and a miss by OP.

Now do the Biden Crime Family OP…..

Concerned moderate is concerned

BMX Bandit said:

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Embarrassing thread. Even by OP's standards.

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Come again

It sounds like he followed the law to the letter and achieved resolution of this issue through the legal system, including a stamp of approval by the Supreme Court. That would be the polar opposite of corrupt.

Now do:
Bill Clinton
Hillary Clinton
Joe Biden
Nancy Pelosi
Diane Feinstein
Harry Reid
Check Schumer…

Ted Cruz's lawyer is an Ag
Hunky too

Rapier108 said:

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Your concern is not touching.

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I knew you would post

Big OP fail. Cruz discussed the case in his podcast. It's not like he snuck it in as pork or something.

I'm sure the self-righteous OP is also concerned about Pelosi's ever expanding portfolio and investment schemes and will start a thread about that too any minute, right?

Essentially this allows for more citizens who aren't wealthy to run for office with less risk of financial ruin. If you want to only be represented by rich people, political families, and other folks who have natural high name recognition because of celebrity then you hate this bill. The current law based on McCain/Feingold is the incumbent protection program that only wants one of the 3 folks mentioned above to win.

"Don't hate the player, hate the game"

Seems like you hate the player.

kag00 said:

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If you have to make a loan from your personal account then I'm not sure how much gamesmanship there can be. They can't repay more than the loan based on what I read. Interest charges are a bit of a question and possibly room for shenanigans there.

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That's how it can get shady. Incumbents win 90% of the time. I lend myself $500K at high interest rate. I win. Some organization contributes lots of money to me for political favor. I get my money back plus interest.

stetson said:

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Now do:
Bill Clinton
Hillary Clinton
Joe Biden
Nancy Pelosi
Diane Feinstein
Harry Reid
Check Schumer…

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All of them has been discussed here. How many more threads do you want?

What interest rate did Cruz charge?

Dan Scott,

How does Ted Cruz getting repaid a $260,000 loan by his campaign constitute an act making it easier for corrupt politicians to operate?

SCOTUS heard the case and obviously did not agree with your opinion.

So where is the corruption here when this is clearly a loan being called in by the party making the loan?

Ag87H2O said:

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I'm sure the self-righteous OP is also concerned about Pelosi's ever expanding portfolio and investment schemes and will start a thread about that too any minute, right?

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I think I've started at least 1 on insider trading. Also others have as well. Feel free to search and read those.

A few points here.

First, paying yourself back for loans to your campaign is not "making money". It's being reimbursed.

Second, the provision of campaign finance law in question was structured in such a way that it favored incumbents with an existing fund-raising apparatus. Cruz challenged this specifically to enable challengers to fight on more even terms - knowing that he himself would be an incumbent when this was decided.

Third, Cruz has been talking about this for a long time especially on his podcast; he's advertising it, not trying to sweep it under the rug. He intentionally loaned his campaign more than the "permitted" amount to give himself standing to file.

Fourth, it's part of a broader strategy to encourage more turnover in congress along with the constitutional amendment he proposed to limit terms.

Fifth, campaign spending should be closely scrutinized for the presence of kickbacks, family-and-friends "consulting" fees to launder reimbursed funds, and other forms of corruption and theft. Nothing I said above should be construed to argue otherwise.

Did he give 10% to the big guy?

BMX Bandit said:

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Embarrassing thread. Even by OP's standards.

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Not really. He embarrasses himself with stupid threads daily.

Stlkofta said:

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Dan Scott,

How does Ted Cruz getting repaid a $260,000 loan by his campaign constitute an act making it easier for corrupt politicians to operate?

SCOTUS heard the case and obviously did not agree with your opinion.

So where is the corruption here when this is clearly a loan being called in by the party making the loan?

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Cruz did it with the purpose of getting it to Supreme Court to challenge the rule. He won. Good for him. It opens the door for more corruption in my opinion.

Dan Scott said:

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Stlkofta said:

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Dan Scott,

How does Ted Cruz getting repaid a $260,000 loan by his campaign constitute an act making it easier for corrupt politicians to operate?

SCOTUS heard the case and obviously did not agree with your opinion.

So where is the corruption here when this is clearly a loan being called in by the party making the loan?

---

Cruz did it with the purpose of getting it to Supreme Court to challenge the rule. He won. Good for him. It opens the door for more corruption in my opinion.

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How?

Seems everything was in the clear from the git-go.

Dan Scott said:

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https://www.wsj.com/amp/articles/ted-cruz-the-supreme-court-and-10-000-federal-election-commission-campaign-debt-11652732706

In 2018 Ted Cruz lent his Senate campaign $260,000. The law was that maximum of $250K in donations can be used to repay debt contributed by candidate. Cruz campaign repaid the maximum allowable $250K to Ted Cruz, but that left Cruz in the hole for $10K so he sued. It went all the way to the Supreme Court who ruled yesterday that capping loan repayments with funds received from donors limits free speech. So Ted Cruz campaign can now use donor money to pay off the $10K loan to himself plus interest. Ted Cruz made money by running for Senate.

Don't hate the player, hate the game

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Wake me when they arrest and fine Hilldawg Clinton for the most massive pay for play scheme in the history of this country. The Clinton Crime Foundation and Clinton Global Initiative raised an estimated $2 billion and only about 13% went to charity. She pocketed the rest to pay her campaign staff off the books while she was SecState and was busted using a bunch of it for personal expenses like Chelsea's wedding.

But Ted Cruz will be corrupted by $10k.

Remember when the media was touting what a common guy Joe Biden was because he had to borrow money from a bank for his daughter's wedding? I really want to know if that loan was ever paid back.

Was he in Mexico when this happened? Or is that only when there is an emergency in his state?

Dan Scott said:

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Rapier108 said:

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Your concern is not touching.

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I knew you would post

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Why wouldn't he. He knows a good joke when he sees one.

Specifically regarding interest, the FEC has previously ruled that it has to be a commercially reasonable rate, so there's not really a loophole there.