Gingrich and Santorum Campaigns Have Millions Worth of Debt
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by News Editor
Newt Gingrich. Photo: Gage Skidmore.
US News and World Report – Newt Gingrich’s presidential campaign pitch that he’d have been the best leader to crack down on federal spending and balancing the budget was belied by recent campaign finance reports that showed his presidential bid ended with him wallowing in nearly $5 million of debt. The report also showed the candidate with about $800,000 in cash.
As recently as April 13, smack in the middle of the reporting period covered by the monthly Federal Election Commission report showing the outstanding debt, Gingrich was slamming President Obama’s fiscal record.
