Which GOP Losers Are Drowning in Debt?

Santorum, Gingrich deeply in red, Ron Paul is debt-free

By Mark Russell,  Newser Staff

Posted May 21, 2012 2:20 AM CDT

(Newser) – Newt Gingrich and Rick Santorum may hate the US national debt, but for now they have a much more local spending fight on their hands—their personal campaign costs. As of the end of April, Santorum had $2.3 million in debt versus just $1.3 million in cash reserves, and Gingrich was stuck with a brutal $4.8 million in debt but only $807,000 in cash, reports Politico.

Both campaigns are reportedly hoping for help with their debt from Mitt Romney, as he helped Tim Pawlenty when he dropped out of the GOP race, but so far nothing has been announced. The one GOP candidate sitting pretty? Ron Paul, of course, who has $2 million in the bank and no debt.

Former Republican presidential candidates Rick Santorum and Newt Gingrich have a bit of a hole to dig out of.
Former Republican presidential candidates Rick Santorum and Newt Gingrich have a bit of a hole to dig out of.   (AP Photo/Matt Rourke)
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