NOM is 2.7M in Debt

Guess what?

NOM is in a hole. After posting their 2012 tax form, we learned that NOM is $2.7M in debt. It took some prying from HRC, but now, we see the whole bloody mess.

Here are some pieces to note via Buzzfeed:

• There are mysterious donors on the list
• The organization raised nearly $14.5 million in contributions, with the bulk of it — more than $9.4 million — going to the political advocacy arm 
• The advocacy arm also reported receiving more than $1.6 million in reimbursement of expenses
• The largest donor to NOM was a person who gave the organization’s political advocacy arm more than $2.6 million. Another donor gave $1.9 million to the political advocacy arm, while a third gave $1.5 million.
• The political advocacy arm — a 501(c)(4) organization — reported more than $13 million in expenses, with the education arm — a 501(c)(3) organization — reporting a little less than $3.5 million in expenses.
• The organization contributed more than $1 million to the ballot referendum campaigns in Maryland and Washington, as well as to the campaign for a marriage amendment in Minnesota. The organization gave more than $1 million to the “NOM ME Fund,” presumably its contribution to fighting the Maine marriage equality initiative.

Interesting pieces, I want to know who still donating all of this big money?

Santorum ended his campaign in Debt

Great news! The man who secretly wants to be pig f**ked by a Folsom Leather God, is in debt. Rick Sanotrum's campaign ended their journey with barely anything to spare.

HuffPo reports:

The presidential campaign of Rick Santorum ended with $2.2 million in debts and only $1 million cash on hand, according to a report filed with the Federal Election Commission on Sunday.

That amount of debt is up $300,000 from the $1.9 million the Santorum campaign reported at the end of March. The report for March was filed just 10 days before Santorum suspended his campaign citing a lack of funds to keep going. He had $1.8 million cash on hand at the time.

Santorum tried to hang in there, but those sweater vest was selling enough.  Plus, Romney has money to burn, none of the candidates could keep up with him.

But this serves Santorum right. His anti-gay message failed to pay the bills. Now his family will have to get jobs at the local Mervyns to pay for daddy's failure.

Newt the Hut is Over 4 million dollars in Debt

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.

HuffPo reports:

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. 

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.

Newt's over, it was fun teasing him though.