Gingrich is millions in the hole
(CNN) – Newt Gingrich ended his campaign earlier this month with nearly $4.8 million in campaign debt, according to a report filed with the Federal Election Commission that reflected campaign activity through the end of April.
Debts of $1 million to a charter airline company, $466,370 for security services, $181,977 for public relations consulting and $165,000 for web advertising were among the largest single figures owed. The filing also listed a debt of $580,134 to Gingrich himself for travel expenses.
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Reports for spending after April are likely to make the debt total even higher.
The latest report indicated the former House speaker raised $786,782 in April and ended the month with $806,950 cash on hand.
Gingrich raised over $23 million during his debt-plagued White House bid, which officially ended on May 2. Over the course of the tumultuous year-long campaign, the former Georgia congressman at various times sat at the top and at the bottom of the GOP pool.
- CNN's Gabriella Schwarz and Kevin Bohn contributed this report.
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Just another example that claiming to be Republican doesn't make someone a real conservative.
bet he never pays any of it........what a class act
Not much different from Hillary. These people want to run for the highest office buy don't know how to spend within their means. Hillary had to panhandle after her run for office. I guess Newt will have to do the same thing!
Someone please tell me how in the world do you spend 5 million dollars that you don't have??? Is the private airlines and so on just keeping a running tab? I guess you have to be a politician. It never made sense to me why someone would be willing to spend 10's of millions to get a job that pays 250K.
In Obama's case, he will end up spending more than the previous 3 Presidents COMBINED!
Now that is an expensive book tour and ego trip. He is lucky he got others to pay for it.
Wasn't this guy preaching for fiscal responsibility? Typical Republican hypocrite.
What about the BILLIONS Obama owes the American taxpayer after his spending spree over the last 4 years that have produced ZERO results but left us in horrible debt?????? He needs to be dealt with after he leaves office in Jan.13.
Can't wait for him to ask the gubmint for a bailout. 🙂
I'm sure the Koch brothers will be happy to buy a couple of truckloads of his next book. And if that doesn't work there's always that Tiffanys' line of credit. If all else fails, there shave to be a few people that are still willing to shell out $100 to have their picture taken with him.
IT'S THE FAULT OF THE SOCIALIST, LIBERAL MEDIA! Or... Newt"s a dishonest windbag who couldn't run a Kool-Aid stand efficiently.
Take those 'jewels' back to Tiffany...for a start...go on the circuit and sell books, photos and B S!! B S brings BIG MONEY with the Republicans...:) Just sayin'!!
He can't manage a little budget so why on God's name does he think he's qualified to lead our country? He and the other GOP candidates are failures when it comes to leadership and trustworthiness.
And to think Newt considered himself competent to be our nation's accountant-in-chief and run the nation's financial processes.
This guy may have been president, yet he couldn't calculate when to get out....phew, glad he's not president....we are not 4 million dollars in the hole over a small project like a campaign, can you imagine if he was in charge of a national project? When would he have said, oh oh, spending too much here, and no way to get the money back?
Gingrich is America's first "welfare candidate."
Thought that Republicans didn't like debt. What's the matter Newt? Can't live within your means? No wonder you're kissing up to Mittens. The same guy that's spent millions hating you in the primary... Now he's your "daddy"...
Surprise, Surprise............ typical Repug
Wonder if he'll just leave those vendors hanging? Hillary had the class to continue working to pay off her debt 4 years ago– would be nice if Newt would do the same. It's not right to just stiff those people he owes money to. That could put some of them out of business.
Tells me I would always demand a big deposit up front from ANY candidate if I were doing business with them.
And this is the guy so many people trusted to turn the US debt around? Glad he's out of the race.
No wonder he is now endorsing Romney after calling him a LIAR!! He needs his debts paid off and the sugar daddys, like the Koch brothers, have probably told him they'll pay off his debt if he endorses Romney..
Who would loan money to a political campaign? Trust a politician to pay you back? Thats not smart.
If he wasn't such an egotist, he would have gotten out earlier before he wasted. So much money.
So he walks away owing millions. Just what he would have to the country.
His Tiffany's credit line is in danger.
Lesson learned. He should have quit while he was ahead.