comments_image Comments

14 presidential candidates who still owe campaign debt

Former House Speaker Newt Gingrich dubbed the national debt a "burden for our children for life."

Ex-Rep. Dennis Kucinich vilified Republicans for adding, by his calculations, $4 trillion to it.

Rep. Michele Bachmann, meanwhile, predicted debt will precipitate a future of "indentured servitude to foreign lenders."

What unites these and other presidential candidates is that they themselves are in debt. Campaign debt.

It's a dubious distinction shared by Democrats and Republicans, eccentric nonagenarians and White House occupants.

Such debt isn't really hurting anyone but creditors — certainly not the nation nor its creditworthiness.

But it is a reminder that despite candidates' soaring rhetoric about fiscal responsibility, they often fail to follow their own prescription for sound budgetary management amid the relentless rush to remain competitive with political rivals during election seasons that are longer and more expensive than ever.

Continue Reading...


Today's Top Stories