Newt Gingrich Leaves 30-Year Trail Of Debts, Lawsuits And Bankruptcies In His Wake

Newt Gingrich Leaves 30-Year Trail Of Debts, Lawsuits And Bankruptcies In His Wake: "WASHINGTON -- Newt Gingrich holds himself up as a model of fiscal discipline. "If the U.S. government was as debt-free as I am, everybody in America would be celebrating," he told reporters last year.

What may be true for Gingrich personally, however, has rarely been the case for organizations he runs. Gingrich's presidential campaign is basically broke. The latest financial disclosure reports show that his campaign closed out the month of January with $1.73 million in debt and a scant $1.79 million in cash on hand, just enough to cover expenses that included private jets and unusually large personal reimbursements. The highly publicized injection of more than $11 million from casino magnate Sheldon Adelson into a super PAC backing Gingrich's campaign has fueled the perception that Gingrich is flush, but Adelson's money won't keep the lights on at campaign headquarters...."