Santorum campaign nearly $2 million in debt
April 20th, 2012
06:10 PM ET
3 years ago

Santorum campaign nearly $2 million in debt

(CNN) - Rick Santorum's now-suspended campaign for the Republican presidential nomination raised just over $5 million last month, bringing to $18.6 million the campaign brought in over the first three months of the year.

A senior adviser to the former senator from Pennsylvania also tells CNN the campaign had $1.8 million cash on hand with debts and other obligations of $1.9 million as of April 1.

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Before suspending his campaign on April 10, Santorum was seen as former Massachusetts Gov. Mitt Romney's main rival for the GOP nomination. While former House Speaker Newt Gingrich and Rep. Ron Paul of Texas continue their long shot bids for the White House, Romney is now seen as the presumptive Republican nominee.

The amount of cash Santorum raised in March was down from the $9 million he brought in during February, at the peak of his campaign. Santorum raised $4.5 million in January.

Once an afterthought in the battle for the GOP nomination, Santorum soared to co-frontrunner status with Romney. He ultimately fell far behind Romney in March in the battle for delegates.

A Santorum campaign conference call earlier this week ended with organizers asking for donations from supporters to help pay down Santorum's campaign debt. After suspending his campaign, Santorum said a lack of finances was one of the reasons he ended his bid for the White House.

Also see:

Romney releases March fundraising figures

Paul campaign touts campaign cash

RNC looks to Facebook for political edge

Biden says Democrats have chance in Arizona


Filed under: 2012 • Fundraising • Rick Santorum
soundoff (21 Responses)
  1. Romney is not My Hero

    "A Santorum campaign conference call earlier this week ended with organizers asking for donations from supporters to help pay down Santorum's campaign debt."

    WOW – He ran his whole campaign into the ground, and now he wants even more money to support his incompetence. SMH

    April 20, 2012 06:24 pm at 6:24 pm |
  2. hilarious

    so i guess God doesn't have deep pockets?

    April 20, 2012 06:29 pm at 6:29 pm |
  3. Tyrone

    Its Ok Rick, just join supporting the MORMON / JACK MORMON 2012 ticket & all is forgiven

    April 20, 2012 06:30 pm at 6:30 pm |
  4. They ought to change from the elephant to the hippo...

    Maybe Mitt can pay that off for you Ricky. In the interest of party unity and all... And maybe, if you hold out just a bit, he can add a little extra for the kids... Maybe free NRA memberships for ALL!

    April 20, 2012 06:30 pm at 6:30 pm |
  5. Tyrone

    Rick, relax its ok. Bishop Romney will payoff your debts as long as you unite around th MORMON / JACK MORMON ticket & remember Rick, our great new slogan is EVERYTHING SUCKS & EVERYTHING BLOWS.. Join us Rick & you shall recieve the majic underwear that used to belong to Rubio.

    April 20, 2012 06:34 pm at 6:34 pm |
  6. PotD

    If he uses the 1.8 million cash on hand to pay towards the 1.9 million debt, wouldn't there be only 0.1 million in debt?

    April 20, 2012 06:36 pm at 6:36 pm |
  7. Larry L

    Santorum, Paul and Gingrich were destroyed by the Koch brothers and the fat-cat PACs allowed by the activist Supreme Court. This is a look at the future... Fascism. The people who supported Santorum wasted their time and their money. Thay could never compete with the billionaire club/corporate-wing of the Republican Party. They are the real power and the Tea Party types are merely pawns in the game.

    April 20, 2012 06:50 pm at 6:50 pm |
  8. Wire Palladin, S. F.

    Conservatives need to learn to stay within their budgets.

    April 20, 2012 06:56 pm at 6:56 pm |
  9. Tyrone

    So you will upset some people, you didnt say it I did. Thank you CNN.

    April 20, 2012 06:57 pm at 6:57 pm |
  10. Tim M

    I guess his sugar daddy left him for another.

    April 20, 2012 07:03 pm at 7:03 pm |
  11. DoNotWorry

    False headline... if he has 1.9 in debt and 1.8 cash on hand.... that adds up to a negal 0.1 million in debt, not "nearly 2 million." Going any lower, CNN?

    April 20, 2012 08:09 pm at 8:09 pm |
  12. judy

    Oh no worry he will just write a book .

    April 20, 2012 08:22 pm at 8:22 pm |
  13. Common sense grandma

    Seems to me he should pay his own bills. Isn't that more or less what he was telling the poor? Dignity of work, don't expect handouts? He racks up debt snd then expects others to chip in and pay his bills? Can all of you send me a few dollars? I maxed out my credit card.

    April 20, 2012 08:44 pm at 8:44 pm |
  14. GI Joe

    Awwwwwwwww. I thought he bragged about campaigning on a shoestring. Expensive shoestring.

    April 20, 2012 08:45 pm at 8:45 pm |
  15. Dennis

    Gotta love that fiscal responsiblity.

    April 20, 2012 08:54 pm at 8:54 pm |
  16. Anita

    Michelle Bachmann's husband can teach El Santo how to pray the debt away.

    April 20, 2012 09:10 pm at 9:10 pm |
  17. Marie MD

    The truth comes out . . . . . what a lying loser!

    April 20, 2012 09:30 pm at 9:30 pm |
  18. BK

    A person that can't even keep their campaign out of debt had no business running for president to begin with.

    April 20, 2012 09:39 pm at 9:39 pm |
  19. Squigman

    Another conservative. Between this mindless wonder, and Newt, they've both have shown their inability to manage money. Wake-up people.

    April 20, 2012 10:48 pm at 10:48 pm |
  20. Thomas

    Newt 4 million , Rick 2 million .

    Cut fiscal spending, less Government, Jobs, Jobs, Jobs .

    Parasitic Politicians boh of them.

    April 21, 2012 03:51 am at 3:51 am |
  21. Jane

    If that's how much he's prepared to get himself in debt, what would he have been prepared to do to the economy? What happened to the conservative principle of not spending money you don't have?

    April 21, 2012 08:20 am at 8:20 am |