Gingrich Campaign Has Mountain of Debt

Newt Gingrich may have ended his candidacy for president yesterday, but
with $ 4 million of debt piled up, it is certain that his campaign will
continue for quite a bit longer, according to ABC News.

“Campaign
watchdogs said the size of Gingrich’s debt is extraordinary — and
could have been avoided if the candidate and his team had been more
disciplined… Romney and the Republican National Committee have offered
to be helpful in retiring Gingrich’s debt. Relief can’t come soon
enough for the Gingrich campaign’s anxious creditors… Campaign debts
can haunt unsuccessful candidates for years, symbols of failure and
futility they are unable to forget. But losing candidates like Gingrich
who hold no office face the biggest challenge in trying to retire their
debts. The reason is simple: They are in no position to help donors or
influence public policy.”
Taegan Goddard’s Political Wire

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