We knew that John McCain was low on the funds, but not like, struggling-artist broke! As Atlantic's Marc Ambinder writes, the McCain campaign campaign reported $3.4 million on hand with a debt of $1.7 million in the new Federal Elections Commission (FEC) report, and it also raised $1.8 million toward the general election. Hmm... 3.4 minus 1.7... times something... carry the zero....

OMG MCAIN HAS LESS MONEYS THAN ZERO!

Ambinder notes that "even with the general election money factored in, [the campaign] owes about $94,000. It is, in other words, bankrupt." NO!!!!

We almost feel sad for the campaign when Ambinder puts it this way: "Its $1.7M debt, incidentally, comes from rent that is owed, an American Express bill that is overdue, and finance payments on computers." Hey, McCain has the same debts as me!

FEC Report Highlights: John McCain's Campaign Is Virtually Bankrupt [Marc Ambinder]