Politico: "Perhaps they all should consult Ron Paul"Submitted by classic.liberal on Tue, 10/16/2012 - 00:22
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.