The Clinton campaign is playing with fire.

The New York senator’s presidential campaign ended February with $38 million in the bank, according to a report filed last week with the Federal Election Commission, but only $16 million of that can be spent on her battle with Obama.

The rest can be spent only in the general election, if she makes it that far, and must be returned if she doesn’t. If she had paid off the $8.7 million in unpaid bills she reported as debt and had not loaned her campaign $5 million, the cash she would have had available at the end of last month to spend on television ads and other upfront expenses would have been less than $2 million.

[Emphasis added to draw attention to the fact that the Clinton camp is a deadbeat.] They never should have been approved for that sub-prime mortgage.