• Gingrich goes bust |
Political 2012-05-03 |
"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...
Campaign debts can haunt unsuccessful candidates for years, symbols of failure and futility they are unable to forget. But losing candidates like Gingrich who hold no office face the biggest challenge in trying to retire their debts. The reason is simple: They are in no position to help donors or influence public policy."
-- Yahoo News