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Politico: "Perhaps they all should consult Ron Paul"

A gaggle of former Republican presidential candidates dedicated to slashing the national debt have failed to pay off their own.

Chief among them: Newt Gingrich, whose campaign owed more than $4.9 million as of Sept. 30 to dozens of different creditors, new federal records show.

Unpaid bills for telemarketing, travel, advertising, ballot fees, event production, Web hosting, equipment rentals and consulting and legal services rank among the reasons for the debt.

Remarkably, Gingrich’s debt grew by over $50,000 in the third quarter of 2012 despite his having long dropped out of the presidential race. Gingrich campaign expenses of late ranged from salaries and travel to consulting and telecom services.

Compared to Gingrich, ex-Sen. Rick Santorum finds himself in better shape financially. The former Pennsylvania senator’s campaign still owes 14 vendors a combined $1.13 million — about half of that to consulting firm Brabender Cox for media consulting and placement services. That’s an improvement from the $1.51 million in debt Santorum’s campaign reported through July.

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Cash Up Front

It has been obvious for decades, that politicians and movie producers should only be given services for cash up front.

The vendors can't forgive the debt because that would be an illegal campaign contribution, but to let the debt drag on produces the same result.

Vendors be warned: no more credit.

What do you think?

If you are buying at a rent to own store

Then that is half the reason you are broke. Go to a yard sale, or craigslist for cheap used furniture, if you don't think it is worth the asking price don't buy it. Those rent to own stores generally cost 50% or more than new retail at say Wal-Mart or somewhere like that by the time you figure in the financing. Buy used for 10% of the new cost, and save the money to invest so it can make you more money. This is how you become wealthy, and get off the rat wheel you are currently on financially speaking.

Josh Brueggen
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois

sorry, this comment was for moneymikeGBW

See below.

Josh Brueggen
Jack of all Trades
Precinct Commiteeman Precinct 5 Rock Island Co Illinois

Turd in the punch bowl...

Not to poop on the party, because I love the zinger at the end of the article and I love what Dr. Paul has done for humanity, but there is another way to read the last line: the Ron Paul campaign still has $2 million dollars of the money that WE donated. Note that I am also careful to draw the distinction between the man and the campaign. Shouldn't we be asking how it's possible that there were delegates making financial sacrifices to get to Tampa while JB sat on $2 million?

Institutions and collectives suck, for lack of a better way of putting it.

Unlearning and self-teaching since 2008. Thanks, Dr. Paul!

That's a good question

I noticed it actually but didn't follow through the thinking. So where ultimately does that money go to? Does it go to help Ron travel around, or what? I'm not sure how these campaign things work.

This seems to answer it

"Ron Paul’s presidential campaign committee burned through nearly $718,000 last month, much of it related to a campaign-style rally and other activities Paul conducted during the Republican National Convention.
Paul’s committee, for example, spent about $81,000 on hotel accommodations — primarily in and around Tampa, Fla., near the convention site, according to recent campaign-finance filings. (The convention was held in late August, but the bills showed up on the September filing.)

Paul earned 190 delegates at the GOP convention as he watched Mitt Romney easily score their party’s nomination.
His committee ended September firmly in the black, reporting nearly $1.3 million cash on hand."

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Not Being A Turd At All

You're asking the right questions. Go For Broke should have been the campaign motto, leave it all on the field. Not that you have to go into debt, but at least spend all of your money trying to win.

The campaign never went for a win though, I think that has been shown over and over.

The money as I see it will go to one of two places, sent to maybe a future Rand Paul run (not sure what laws are on that) or will continually slowly be siphoned off in JB and companies pocket.

I used to think that...

Now I hope Rand Paul gets a $2 million dollar start in 2016, which means, I hope Obama wins (yet I voted for GJ to feel good).


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exactly what I was thinking.

exactly what I was thinking.

Haha that last sentence in

Haha that last sentence in the article is a zinger!
Responsible finances were the reason Paul wasn't allowed to win.

Southern Agrarian

the Debate!

Here is an exclusive look at the Obama/Romney debate, for the Daily Paul only:


Nicely done :-)

It just goes to show.....

who is fiscally capable of getting us out of debt and who isn't. In time, people will realize that Ron Paul was right about everything.

He predicted the housing-bubble crash in 2002 and people who were supposed experts laughed at him.

I doubt I'll see another Ron Paul in my lifetime but I'm grateful to have supported him and will continue until the end.

The punchline was awesome

And not surprising.

I like how Gingy's debt is GROWING. WTF?? LMAO

And it's worth repeating here:

Perhaps they should all consult with Ron Paul: The Texas congressman’s most recent presidential committee report indicated a $2 million surplus and no debt.

The only two lines worth reading

None of the rest interests me at all.

"Moderation in temper is always a virtue; but moderation in principle is always a vice." -- Thomas Paine


That's incredible... I mean i'm not really surprised, but yet, when the're all laid out for you like that. I mean come on. I guess that's the only thing I have in common with them. Debt. Only thing is, my debt is a tiny fraction of what they owe. So why do they live all extravagant while I have to buy my furniture at a rent to own store? Dirty pool my friends, dirty pool.....

"What light is to the eyes - what air is to the lungs - what love is to the heart, liberty is to the soul of man."
-Robert Green Ingersoll