Obama campaign spent $10 million more last month than they took in. Do taxpayers pay that deficit also?

I'm starting to see a pattern here and I think I know what Obama's legacy will be in the history books. He will be known as the one term president that not only tripled the national deficit but also spent his campaign operations into bankruptcy in a desparate effort to get re-elected.

Obama camp spent more than they took in for July

AP) WASHINGTON - President Barack Obama and Democrats have spent more than they brought in last month as the president expanded his campaign operations and purchased millions of dollars in television advertising to compete with rival Mitt Romney.

New campaign finance reports out Monday show Obama's campaign spent about $59 million in July, much of it on advertising and paid staff. That's compared with about $49.2 million in total receipts during the same period, Federal Election Commission data show.

[link to www.cbsnews.com]