Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Million Dollar Campaign Debt Adds Up To More Trouble For Newt

July 6, 2011 by  

Million Dollar Campaign Debt Adds Up To More Trouble For Newt

Former House Speaker and 2012 candidate seeking the Republican nod Newt Gingrich will report raising about $2 million in the second fundraising quarter, finishing June with about $225,000 in the bank. But overall, his campaign is still in debt — to the tune of about $1 million, POLITICO reports. However, the Gingrich campaign will not admit defeat just yet.

According to Gingrich, he’s been paying down the debt, which was incurred when a large number of his consultants walked away in June.

“The fact is a month of media barrage is painful, and it slowed a lot of things down,” Gingrich said before a Fourth of July parade in Iowa, according to the Los Angeles Times. “Our numbers will not be as good as we would like, and candidly, the consultants left us in debt. But every single week since they left we’ve been cutting down the debt, and we raise more than we spend in a week.”

R.C. Hammond, the press secretary for Gingrich’s presidential campaign, told POLITICO “that the presidential candidate only learned of the severity of his debt when a new campaign director reviewed the books after last month’s staff shakeup.”

“We’ve been weathering a storm and the ship is starting to right itself,” Hammond told the news site. “The infusion of professionals volunteering their time and talent to the campaign is further proof we are weathering the storm and forging on.”

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Million Dollar Campaign Debt Adds Up To More Trouble For Newt”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.