Santorum, Gingrich campaigns owe millions
Source: Washington Post
Republican Rick Santorum ended his presidential campaign with $2.3 million in debt while Newt Gingrich owed $4.8 million, new federal filings show.
Santorum bowed out in early April, owing $763,000 to top adviser John Brabender’s firm for television commercials and $640,000 to Arlington technology company Emotive LLC. His campaign had $1 million in the bank at the end of April, meaning he’ll need to raise an additional $1.3 million to settle his accounts, according to a filing with the Federal Election Commission made Sunday night.
Former candidates often turn to the winner of the party’s nomination for help with retiring debt, assistance that former Minnesota governor Tim Pawlenty has received from presumptive Republican nominee Mitt Romney. Romney and Santorum met in Pittsburgh in early May to discuss a possible endorsement.
In April, Romney raised $11.4 million for his campaign and a total of $40.1 million, including money brought in by the Republican National Committee. That’s only slightly less than the $43.6 million raised by President Obama and the Democratic National Committee, which is spending on behalf of the president.
Read more: http://www.washingtonpost.com/politics/santorum-gingrich-campaigns-owe-millions/2012/05/20/gIQArlQEeU_story.html
= new reply since forum marked as read
ACCEPTING PERSONAL RESPONSIBILITY for their debts like they should.
and they have the nerve to tell us they know how to control The Economy.
rocktivity
Does that mean that he'll have to 'bend over' to raise the funds to pay it off himself? Mind you now, bend over is just a figure of speech.
