Deep Red
by admin on Friday, July 10th, 2009 | Comments Off
Deep Red
Gingrich Ran Up Huge Debt In March, Raised Little Money (Huffington post)
WASHINGTON -- The presidential campaign of former Speaker of the House Newt
Gingrich has been a roller coaster from the beginning. He's been up, then down
and then up again. But this time, it looks like he will wind up down for the
count and deep in the red.
In March, the Gingrich campaign ran up a massive trail of debt as his campaign
for the Republican presidential nomination faded into the background. The
campaign ended last month with $4.3 million in debt, up from $1.5 million at
the end of February, according to a report filed with the Federal Election
Commission (FEC).
The debts run up by the campaign in March include payments for ordinary
campaign consulting work, massive spending on private jets, expenses at a
private security firm, and payments to staffers who had to cover their own
travel and lodging expenses.
Read More...
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