What? $50 million isn't enough? Sheesh!

Romney campaign hits a financial snag

By Dan Eggen, WashPost, Published: September 20

The financial tide has turned against Republican presidential candidate Mitt Romney and his key allies, who spent more than they brought in and were outraised by President Obama during the month of August, according to disclosures filed Thursday.

Romney’s presidential campaign committee raised nearly $67 million last month — a strong figure — but spent about the same amount building its campaign organization and responding to a barrage of attack ads from Obama and his allies. Even so, the campaign spent just $13.7 million on ads, which was less than the $15 million it spent in July.

Romney was also forced to take out a $20 million loan because the campaign had run out of money raised during the primary season. The campaign also fell behind in its attempts to reach grass-roots donors despite the addition of tea party favorite Paul Ryan to the ticket, records show.

The spending left the campaign with about $50 million cash on hand at the start of September, not including the remaining debt, according to the disclosures.

(More here.)