Your morning jolt: Newt Gingrich confirms debt of more than $1 million

Former U.S. House speaker and GOP presidential candidate Newt Gingrich will report raising $2 million in the second quarter of this year.

GOP presidential candidate Newt Gingrich during an Independence Day parade in Clear Lake, Iowa. Daniel Acker/The New York Times

GOP presidential candidate Newt Gingrich during an Independence Day parade in Clear Lake, Iowa. Daniel Acker/The New York Times

The problem is that he spent $3 million.

Politico.com reports this morning that Gingrich ended June with $225,000 in his treasury:

Gingrich supporters acknowledge that his debt represents a serious financial challenge, though they note that the Republican has paid down about 10 percent of $1.2 million in invoices since June 9, when most of his senior political staff resigned.

In a campaign season that has already identified federal solvency as the defining issue among GOP primary voters, Gingrich’s debt now becomes his largest obstacle to a serious candidacy. Moreover, contributors give candidates money to raise future hell – not to pay for hell already raised.

***
Herman Cain may still be mad at Jon Stewart for mocking his not-so-serious vow to keep federal legislation to three pages, but that hasn’t kept the Georgia presidential candidate from committing to a July 28 appearance on Comedy Central’s “The Colbert Report,” according to Talking Points Memo.

***
Georgia parolees may have the most secure jobs in the nation.

First, they were volunteered into the service of south Georgia farmers whose cucumbers and cabbages were rotting in the fields. Now, parole violators will be donating labor to a cash-strapped state Department of Transportation.

From Walter Jones and the Morris News Service:

The Transportation Department was struggling to find money for mowing and litter collection. At the same time, sending parole violators back to prison costs money the Corrections Department couldn’t spare. Inmates behind bars cost taxpayers $49 per day while those on parole cost just $4.43.

So, Corrections officials are pleased to have another form of punishment for small infractions like flunking a drug test without having to resort to ordering re-incarceration, which can sting taxpayers almost as much as the violator….

The two departments experimented with the idea in Milledgeville, Gainesville, Columbus and Dalton. Now, they’re rolling it out statewide.

***
Only days after four of his jail workers were arrested by the FBI, Fulton County Sheriff Ted Jackson, a former FBI agent, told Mark Winne of Channel 2 Action News that he intends to run for re-election:

***
If you still have any doubt of the political clout that gay voters now wield in the city of Atlanta, consider these comments from Mayor Kasim Reed on the Eagle bar raid, made Tuesday to the Georgia Voice:

Reed said he is still going through the more than 400 pages that make up the Atlanta Police Department’s internal affairs investigation as well as the independent investigation by law firm Greenberg Traurig. But he admitted shock at what he had read so far.

“I think any normal person with ordinary sensitivities would have to have been shocked by this report. And I was certainly was shocked,” Reed said.

So far, the city and APD have put on administrative leave seven of 10 officers who were found to have lied about the raid under oath, destroying evidence as well as claiming gay people were more violent than heterosexuals.

“We can’t have a city like ours that has a history of embracing and celebrating inclusion and have such an important group of our citizens under this kind of threat. And I’m not going allow it stand,” Reed said.

“As I’ve said repeatedly, I believe the LGBT community is a vital part of Atlanta and I think the community contributes greatly to what makes this city special and I’m not going to have a police department that does not understand how important this is to me,” Reed said.

- By Jim Galloway, Political Insider

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86 comments Add your comment

John K

July 6th, 2011
9:11 am

Cain & Newt should just combine forces into one large failing campaign.

the original and still the best John Galt

July 6th, 2011
9:33 am

Gingrich’s debt is his biggest obstacle to a serious candidacy? How about his big mouth, his inability to keep his britches zipped… his debt seems minor next to those obstacles.

Not Blind

July 6th, 2011
9:37 am

What is wrong with our goobermint? Hmm, could it be that the people we elect don’t know squat about managing money ? It boggles the mind.

Centrist

July 6th, 2011
9:38 am

We need a morning jolt instead of SSDD*.

* Same Stuff Different Day

Come Out, Come Out

July 6th, 2011
9:47 am

of the closet Kasim!

View From Midtown

July 6th, 2011
9:50 am

So your position is that the only reason the mayor would care about the violation of constitutional rights, blatant discrimination, lying and destruction of evidence by renegade police officers is just because of politics? What a sad commentary either on our society or your own bigotries.

As for Newt, he’s a joke; he’s been a joke and will continue to be a joke.

Michael

July 6th, 2011
10:03 am

I lived in Duluth 25 years ago and the chain gang seemed to be paving that road on Rogers Bridge every couple of months. Then the city got the idea to pay actual money to a paving company and bi-monthly paving was no longer needed. You get what you pay for.

[...] $ 1 million in debt: Gingrich supporters …Newt Gingrich wants to cut the debt: his ownCBS NewsYour morning jolt: Newt Gingrich confirms debt of more than $ 1 millionAtlanta Journal Constitution (blog)Newt Gingrich raises 2M reveals significant debtPoliticoNew York [...]

deb

July 6th, 2011
10:36 am

His lifestyle and women sure are expensive………..
If he can not control this………………how can he control a government?????

Ga Values

July 6th, 2011
10:38 am

Does Kasim Reed like women?

truth

July 6th, 2011
10:44 am

Why do Americans continue to trust their states/nation economy on politicians that cant manage their own money?? Deal, Newt, etc

The US needs savy businessmen to get us out of this debt.

Deal cant manage his own money yet we trust him to manage Georgias????

No Newt

July 6th, 2011
10:44 am

Wonder what will happen to Newt’s million dollar line of credit at his wife’s favorite jewelry store?

BillS

July 6th, 2011
10:45 am

Who still takes Newt seriously? Anybody see the NY Times story on him and his “ideas” over the weekend? He’s not only in debt, he’s not up to the intellectual level he thinks he is.

melvinowens

July 6th, 2011
10:46 am

the only one’s in this country who thought gingrich would be president, were gingrich and the people of georgia.

Jon Lester

July 6th, 2011
10:47 am

It’s not just the votes of the many thousands of LGBT constituents in the Atlanta area. They need to feel included and equally protected if they’re going to keep their tax dollars in the area, and I don’t think I’m generalizing much at all if I venture to say that most of them are not poor.

Frederick Douglass

July 6th, 2011
10:57 am

But, but, Newt’s a fantastic idea man, he’d rip Obama to shreds in a debate, why he could solve this country’s ills with both hands tied behind his back………and he can’t even balance a check book.

Newtie is Nuttie

July 6th, 2011
11:01 am

Like many old pols and ballplayers, the limelight and moola make it too hard for the egomaniacs to quit. There are still fools out there picking up Newt’s tabs and massaging his grossly-enlarged ego. Pathetic!

JFK

July 6th, 2011
11:04 am

Gingrich: a typical redneck republication. Cain: a black man who wishes he was a white redneck republican.

Native Atlantan2

July 6th, 2011
11:05 am

So…APS is under the gun for cheating but the APD officers get a leave of absence for violating civil rights and lying to investigators? Seems strange that the APD is charged to serve, protect and uphold the law but a leave is the best the APD can do?

GaBlue

July 6th, 2011
11:07 am

Gov. Shady can give Newt a few tips. He’s on his way to turning a $4mil debt into a surplus on a $135/yr salary, in just ONE TERM! Wooo-hooooo!

Sr. Balaguer

July 6th, 2011
11:08 am

If tax cuts generate more revenue, then lower contributions to Newt should generate a bigger campaign war-chest, right?

Doug

July 6th, 2011
11:17 am

Tom, how much of his campaign debt is with Tiffany’s? And as for Cain’s suggestion — that was one time I dissagreed with Stewart. After all, the great Winston Churchill would not read any memo that was more than one page long. But I’d go him one better: I’d require that all bills be written out in long hand with quill pens. THAT would keep the verbiage to a minimum!

jhg

July 6th, 2011
11:17 am

JFK – newt is a redneck born and raised with the blue bloods of the northeast.

TRUTH

July 6th, 2011
11:33 am

Newt and Cain…seriously?

Joe

July 6th, 2011
11:35 am

Newt should quit. I used to be a fan but few will forgive his moral lapses. He’s also old and fat, another issue Americans do not want to elect to office. Let’s find someone new who has not made the faux pas Newt has. I like his thinking but he is not the man for the job.

Here we go!

July 6th, 2011
11:36 am

Look a mill here and a mill there, and pretty soon you’re talkin’ ’bout some real dough!

bigguy

July 6th, 2011
11:41 am

re: Truth I don’t understand how Gov. Deal’s paying off his debt is mismanagement of money.

Dave

July 6th, 2011
11:42 am

I think some people run for president to help them raise cash to live on, sell books, get TV jobs, and do lectures. It is all about self promotion of their brand Newt is one of those people as I think is Sarah Palin as well..

Jim Warren

July 6th, 2011
11:51 am

I am sure that I am not alone in my support in using state prisoners to clean up our byways, highways and interstate ramps. If they can be trained for other infrastructure work, let’s do that as well.

GaBlue

July 6th, 2011
12:14 pm

Bigguy,

Gov. Deal is supposed to be earning his $135/yr salary (plus lotza perks) by taking care of the State’s business on behalf of you and me, Mr. and Mrs. Taxpayer. If he’s busy turning his own bad money management decisions into a tidy profit for himself, is he really acting on OUR behalf? Or is he just using his position to scratch the backs of business people who can fix his own financial problems in exchange for the favors only a governor can bestow? His personal finances are none of my business; how he uses (or misuses) the office with which he is entrusted IS my business. Only you can decide whether you care or not.

Centrist

July 6th, 2011
12:22 pm

A more recent “Political Insider” was posted around noon, but taken down. It concerned a loan by the House Speaker and my single comment asking for the blogger, Jim Galloway, to post his loans, collateral and reasons behind them was taken down along with the blog.

This outlet is getting more and more pointedly partisan. Maybe it is even rising to the level that the partisan AJC editors realize how it only hurts their dwindling credibility (if they have any left).

Willis

July 6th, 2011
12:22 pm

I guess Newt thinks it’s Ok for him to be in debt up to his ears but not for the government? He needs to just quit and he probably would if he didn’t need handouts to pay down his debt. He ought to put on shabby clothes, drink a couple quarts of cheap wine, and do some pan-handling in Little Five Points – he’d fit right in.

Marlboro Man

July 6th, 2011
12:29 pm

Couldn’t happen to a nicer crowd. He should get with congressman Tom Graves and find out how to just walk away from your debts and promises to pay like he did.

T Man

July 6th, 2011
12:38 pm

So what’s with you people and not like Cain? Just what has he said or done that does not make sense? Maybe just the fact that he is not a career politican like the rest.?

Carpetbagger

July 6th, 2011
12:39 pm

Who is Newt Gingrich, and what does he do?

Slammer

July 6th, 2011
12:39 pm

“Only days after four of his jail workers were arrested by the FBI, Fulton County Sheriff Ted Jackson…intends to run for re-election”

Sgt. Schultz would like this guy: ‘I know NOTHING’. Like that other great public servant, Beverly Hall, he sees no evil and hears no evil. How would he, he’s just the sheriff.

SBW

July 6th, 2011
12:47 pm

Parolees working!!! No excuses this time! Georgia can’t grow without farms and our highways!

easy money

July 6th, 2011
12:51 pm

newt will get a boatload of free campaign cash from taxpayers to pay off these massive debts and even have cash left over for another trip to europe for newt and his young wife—she needs some more bling and will be going to tiffanys soon.

ralph

July 6th, 2011
12:56 pm

Chain gangs are much under rated these days. What’s wrong with putting criminals to work rather than just giving them a free ride?

Nathan Deal

July 6th, 2011
1:26 pm

Newt. Call me, dude. I’ve got a guy. He says it’s the biggest no-brainer in the history of ignornt redneck politics.

FGW

July 6th, 2011
1:33 pm

He would have actually been a good President.

Alabama Communist

July 6th, 2011
1:33 pm

More Breaking News On Newt’s Campaign Debt……… A unknown source within the Cain Campaign said today that Newt hock his wife diamond ring to Mr Cain payable at 34 % Interest per Goldman Sachs agreedment.

michael riordan

July 6th, 2011
1:38 pm

And you want to be the one to get us into better financial shape? Two words: Go Away

RGB

July 6th, 2011
1:46 pm

So what’s with you people and not like Cain? Just what has he said or done that does not make sense? Maybe just the fact that he is not a career politican like the rest.?

It’s real simple T Man. Herman Cain isn’t staying on the Democrat Plantation like most other black politicians. He thinks for himself and suggest policies for this country that would return the U.S. to fiscal sanity. Mr. Cain leverages his business experience and common sense–both which are lacking in the White House at present.

Any time a minority or woman has the audacity (libs like that word) to think for him- or herself, libs can’t contain themselves. If they let “one” slip off the plantation, others might think for themselves.

And they just can’t have that.

Mr. Phil

July 6th, 2011
1:47 pm

“contributors give candidates money to raise future hell – not to pay for hell already raised.”

rflmao. That’s good stuff right there. HA!

RGB

July 6th, 2011
1:48 pm

Glad to see folks aren’t lettin’ that expensive public education go to waste.

Alphare

July 6th, 2011
2:02 pm

RGB,

If conservatives have brain and think for themselves, why do you guys listen to the talk radio that repeat the same thing day and night?

Newt can think, if you buy his book, not only can you solve his debt problem, you can solve the debt problem for this nation.

Just some ideas for you after some thought.

deegee

July 6th, 2011
2:12 pm

I just want to know who is giving Newt money to the tune of $2 million over 3 months. Can there be any greater simple minded people than donors to the Newt campaign?

Ghost Rider

July 6th, 2011
2:24 pm

“Now, parole violators will be donating labor to a cash-strapped state Department of Transportation.”

Bad boys can build good roads.

Ghost Rider

July 6th, 2011
2:28 pm

RGB:

“Any time a minority or woman has the audacity (libs like that word) to think for him- or herself, libs can’t contain themselves.”

Their votes have been bought by the Democrats, and the Democrats want them to stay bought!