Gingrich campaign $4 million in debt due to bad management

Oh those fiscal conservatives. It’s impressive how they know so much about balancing budgets while lecturing others about their crazy spending habits.

Newt Gingrich ends his White House dream today with his political committee facing a mountain of debts — owing about $4 million to scores of businesses and campaign workers around the country who fear they will never get paid.

Campaign watchdogs said the size of Gingrich’s debt is extraordinary — and could have been avoided if the candidate and his team had been more disciplined.

“He was reckless in running up these bills, especially in the last month or so of the campaign when it was quite clear that Mitt Romney would be the nominee,” said Craig Holman, a government affairs lobbyist for the watchdog group Citizen Union.

This reminds me of an annoying 20-something American traveler that I overheard last week telling someone that she’s “um, like a fiscal conservative.” Can someone please tell me what that means and who might have ever fit such a description. I always hear that type boast about it but have yet to see it in the real world. After all, the guy who spent the US into recession with his reckless tax cuts and wars was supposed to be a fiscal conservative.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

Share This Post

© 2021 AMERICAblog Media, LLC. All rights reserved. · Entries RSS