ROYALTY 07.11.16 1:00 AM ET
VP Wannabe Newt Gingrich Still $4.6 Million in Debt
If Donald Trump is the king of debt, Newt Gingrich’s last campaign’s balance sheet might make him a fitting prince.
If Donald Trump really is auditioning Newt Gingrich for a role in his administration, one job Trump should definitely give to someone else is Treasury secretary. Although Gingrich has long been a deficit hawk when it comes to the country’s balance sheet, several of Gingrich’s own organizations have ended mired in debt.
The most recent is Gingrich’s own presidential campaign, Newt 2012, which continues to owe millions of dollars to former staff, vendors, and even Gingrich himself.
Gingrich did not return several requests for comment about the money his campaign still owes.
According to the latest FEC filings, Gingrich’s official campaign committee, still has $4.63 million dollars in unpaid bills. Among all major party presidential candidates from 2012, only Gingrich and Rick Santorum’s campaigns remain in debt, with Santorum owing less than one-eighth of the amount of the debt Gingrich racked up.
The Gingrich campaign’s IOU’s are spread across the county and owed to organizations large and small. The biggest chunk of the debt, nearly $1 million, is owed for Gingrich’s use of private jets to fly from event to event through charter travel company Moby Dick Airways. The campaign also owes more than $400,000 for Gingrich’s personal security to the Patriot Group, and $128,000 to the Winston Group, a top Republican polling company based in Washington.
more:
http://www.thedailybeast.com/articles/2016/07/11/vp-wannabe-newt-gingrich-still-4-6-million-in-debt.html?via=newsletter&source=DDAfternoon
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