Newt Gingrich is in Debt. A lot of debt. His Campaign has raised $2.1 million and so far he is still one million dollars in the hole. He has said that he hoped that America would be as debt free as he was. As Jon Stewart of the Daily Show pointed out, per capita the U.S. debt amounts to approximately $45,000. Newt has twenty-two times that rate of debt. Good going Newtie.
Newt's 2.1 million dollars raised in the second quarter doesn't look that bad considering Rick Santorum only half a million dollars. However, Newt's campaign imploded in Q2 with much of his upper campaign staff resigning so we don't know when in the second quarter that money was donated. Also, I did not find out how much was reserved for the general election so that could really put another dent in his numbers. I expect that Newt will be out soon since he will likely not do too well in the Iowa Straw Poll.
