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Gingrich Was In Debt To Tiffany’s, Shocking Six-Figure Sum

May 23, 2011 by  

Gingrich Was In Debt To Tiffany’s, Shocking Six-Figure Sum

In 2005 and 2006, 2012 GOP Presidential Candidate Newt Gingrich owed between $250,001 and $500,000 to the luxury jewelry store Tiffany & Co.

According to an article on Politico.com, the debt was exposed by financial disclosures filed with the Clerk of the House of Representatives.

Gingrich’s wife, “Callista Gingrich, was employed by the House Agriculture Committee until 2007, according to public records. She listed a ‘revolving charge account’ at Tiffany & Company in the liability section of her personal financial disclosure form for two consecutive years and indicated that it was her spouse’s debt,” the article read.

Sunday, on CBS’s Face the Nation, Gingrich defended himself to Bob Schieffer, saying he is no longer in debt to the store, and that he is free to spend his money where he pleases.

“If the U.S. government were as debt-free as I am, everyone in America would be celebrating. I think I have proven I can manage money, as a small businessman — I run four small businesses. They have been profitable; they have employed people,” Gingrich told CBS.

“So as a private citizen who has done well, I think I’m allowed to pick and choose what I prefer doing.”

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  • Nadzieja Batki

    This will be used against him by people who love to push class envy.
    It is his money to do as he pleases, both he and Tiffany profited from the transaction.

  • James

    No, Newt Gingrich is NOT the man to lead us out of a fiscal crisis. In fact, he created a fiscal crisis for hundreds of thousands of military members and government workers in 1995 when he shut down the government. As a soldier, I was wondering how I was going to feed my family–we had already been told not to write “rubber checks” to the commissary, even though we hadn’t been paid. You want to talk about class? This man has no regard or compassion for those below his own socio-economic stratum. We’ve had enough of Newt Gingrich. The GOP would get more votes if it nominated Moammar Gadhafi for President!

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