CASH COW: Newt Gingrich’s Presidential Campaign Ended Nearly $5 Million In Debt

When Newt Gingrich threw in the towel on his presidential aspirations on May 2, the former Speaker’s campiagn was $4.8 million in debt, according to the Federal Election Commission.

Uh-oh, sounds like Callista’s gonna have to switch to Nice n’ Easy home color.

Though he raised $23.4 million for his campaign coffers, Gingrich owed over $200,000 for media and $580,000 for travel. Newsmax reports that his largest creditor is Moby Dick Airways, which is owed $1 million.

Funny, we thought it’d be Wendy’s or Motel 6.

Here’s how other GOP candidates are faring:

U.S. Representative Ron Paul of Texas, who announced on May 14 he was ending active campaigning for the Republican presidential nomination, reported raising $2 million last month to bring his total to $39.1 million. He had $2.5 million in cash on hand.

Paul’s fundraising total is second to the $88.7 million raised through March 30 by presumptive Republican nominee Mitt Romney, who was to file his April report later today with the FEC. The deadline is midnight.

Romney’s allied political action committee, Restore Our Future, raised $4.6 million last month, bringing its total to $56.5 million.

Source: Newsmax

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  • Rik the Dik

    So??? How is this a gay issue? Oh yeah, it’s not — it’s just another excuse for you guys to show how catty and childish you can be toward those with whom you disagree. Way to take the high road, guys. (this is where I slowly shake my head in disgust)

  • Martin

    “I think there is a gay and secular fascism in this country that wants to impose its will on the rest of us, is prepared to use violence, to use harassment. I think it is prepared to use the government if it can get control of it. I think that it is a very dangerous threat to anybody who believes in traditional religion.” Newt Gingrich, discussing Prop 8. (Slowly shakes his head in disgust at GOProud member.)

  • Meowzer

    And this was the guy who thought he could turn our country around? He can’t even keep his own finances in check

  • doug105

    @Rik the Dik: It’s an issue because this hypocrite made it one. And good luck ever seeing any of that money.

  • Stewie

    The thing that really bothers me about this is that if all the people who gave a combined $184 million to these 3 jokers instead donated it to Doctors without Borders or a food gleaners organization, it would have done so much good. Instead it went into the financial black hole of politics.

  • Belize

    @Rik the Dik: “How is this a gay issue?”

    Personally, I’m “gay” over the fact that this is sure to subdue Gingrich from endangering the rights of the LGBT for a couple more years. That’s just one of the issues I’m gay about. Thanks for asking. :)

    “…it’s just another excuse for you guys to show how catty and childish you can be toward those with whom you disagree.”

    It’s also a chance to show to give our GOProud “brothers and sisters” a chance to shine by hopelessly defending Mr.G. :) See, it’s not about us. It’s about you too.

    “Way to take the high road, guys.”

    On behalf of Queerty, you are more than welcome.

    “(this is where I slowly shake my head in disgust)”

    And this is [when] I give you Tylenol for the obvious head ache you are getting in your failed attempt to defend Gingrich. My advice: stick to defending Romney. He is much easier albeit still being hopeless. :)

  • Belize


    *Throws confetti over you for making my day.

  • Dame

    If you can’t even balance the budget of your OWN election campaign, how on Earth does that shed any credibility to your commitment to balanced budget? Irresponsible… And I say this because, he was in debt for how many millions??

  • Rik the Dik

    @Belize: And voila, just like that you prove my point. Thanks for that.

  • MikeE

    @Rik the Dik: shallow end of the gene pool, eh?

  • Steve

    Is there any actual chance that this might end Gingrich’s political career?
    Might he, actually, shut up and go away?
    I doubt it.

    I would love to see his creditors sue his (rear end), and take his building in Washington DC. Somehow, I doubt that will happen. I am pretty sure he had a good lawyer set up his campaign accounts, so that his personal assets are proof against that sort of judgement.

  • MKisNE

    When I ran up my debt 80% of it went to food purchases.

  • tjr101

    @Rik the Dik: Typical response of a gay republican kapo, you can’t defend the actions of the bigots in your party so you claim it’s a hit job against those we disagree with.

  • Dame

    @Rik the Dik:
    Is he seriously defending Newt Gingrich? No, really. Have you heard ANYTHING he said?

Comments are closed.