Newt's broke, y'all. At the end of March, he was over 4 million dollars in debt. And for some reason, he is still in the race.
The debts run up by the campaign in March include payments for ordinary campaign consulting work, massive spending on private jets, expenses at a private security firm, and payments to staffers who had to cover their own travel and lodging expenses.Newt's over, it was fun teasing him though.
The campaign's most absurd unpaid expenses were more than $1 million to the private jet company Moby Dick Airways, nearly $450,000 to a security firm, and more than $500,000 in travel reimbursements and other payments to individual staffers and consultants.
The nearly $450,000 owed to The Patriot Group, a security firm based in Virginia, is in spite of the Secret Service providing protection beginning March 6. Gingrich's campaign made good on another payment totaling $31,500 to The Patriot Group in March. In February, a Ron Paul supporter filed suit against the Gingrich campaign and The Patriot Group accusing a security officer from the firm of stomping on his foot, causing a fracture.