Newt Gingrich is a self-proclaimed fiscal conservative and deficit hawk. But his 2012 presidential election committee is still in debt.

Newt Gingrich

Newt Gingrich.AP Photo / Efrem Lukatsky

  • Gingrich’s latest 2012 presidential election submission shows a debt of $ 4.63 million.

  • Federal records show that a presidential election from any election cycle will not impose any more money on creditors.

  • Gingrich wants a balanced federal budget and writes that “unlimited spending contributes to waste.”

Former Speaker of the House Newt Gingrich A self-proclaimed fiscal conservative who demands a balanced federal budget.He also Actively support the Republican Party Regain an American home in 2022.

However, Gingrich’s 2012 presidential election committee is still swimming in the bright red sea, almost 10 years after its expiration date.

The “Newt 2012” campaign committee is technically active and has a debt of over $ 4.63 million. Financial filing It was submitted to the Federal Election Commission on Saturday. The presidential election from any election cycle does not impose more money on creditors.

The campaign had $ 747.28 in the bank as of December 31st.

2021 Newt Gingrich Financial Filing

Newt Gingrich’s 2012 Presidential Election Commission has a debt of more than $ 4.63 million, according to a disclosure filed with the Federal Election Commission on January 29, 2022.Federal Election Commission

Among those creditors are numerous political consultants, Comcast, Twitter, FedEx, and organizations run by the late Herman Cain. Herman Cain ran for the 2012 Republican presidential primary and died in 2020 at COVID-19.

Newt 2012 Unpaid Debt to Herman Cain Solutions, Disbanded, $ 16,525 for strategic consulting and travel.

Newt 2012 owes Gingrich himself $ 649,117 for travel expenses.

Gingrich, who makes little effort to raise money to repay the debt of the 2012 presidential election, is a frequent fundraising pitchman of other Republican committees.

“Our dream of dismissing Lame duck speaker Nancy Pelosi will not come true unless we quickly step up and renew our membership,” Gingrich said on January 26, National Republican Parliamentary Commission. I am writing in the fundraising email.

NRCC mail

A fundraising email from the National Republican Parliamentary Commission signed by Newt Gingrich.NRCC

Gingrich was unable to seek comment on the Campane Commission’s debt. Debt remained virtually the same for almost a decade.

2012, Gingrich spokesman Told Politico: “Our preference is obviously not to be in debt. If we could get rid of debt overnight, we would, but in reality, this would take years.”

Gingrich, the leader of the 1994 Republican Revolution and the Republican majority for the first time in 40 years, I have advised Kevin McCarthy, a minority leader in the House of Representatives. As a Republican, California will develop a medium-term reelection strategy for 2022.

Earlier this month, Gingrich explained the details In a blog post What he considered to be the “real threat” of the country. One of them is that “the current unlimited spending system is driving waste.”

Gingrich called for a balance in the federal budget, saying it was a “requirement for our long-term health as a nation.”

“It will lower inflation, lower interest rates, reduce the burden on children and grandchildren, and rebuild the ability to leverage China, Russia and more to update the world’s reserve currencies,” he wrote.

At least one other presidential candidate Reported some surplus cash on Saturday From a long dormant political committee: Democratic Hillary Clinton’s 2000 and 2006 US Senate Campaign Committee has left $ 22,343 on its balance sheet as of December 31st. FEC records show.

Not only can Clinton’s committee do nothing, but the money can be donated to a charity, to another political committee, or to the US Treasury.

Gingrich and Clinton have long been political opponents. 1995, Gingrich’s mother Revealed by journalist Connie Chung in a controversial television interview Her son said her Clinton was a “bitch.”

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