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Thursday, May 08, 2014

2012 GOP presidential hopefuls still in debt

United States political elections are expensive, and losing an election is very costly and leaves the loser in large debt.  Before the November elections, each political party has a primary election several months earlier to determine who will run for the party in November.  There are many more candidates for the primary election, and many more losers, and losing that election is also very costly.

Back in 2012, there were over 10 candidates running for the Republican Presidential candidate, and only one (Mitt Romney) won the primary, although he lost the main election.  What happened to the other candidates who lost the primary?  A lot of lost money and large debts, even two years later.  Here are the debts of some of the higher profile GOP candidates (from the Washington Post).

Michele Bachmann: $46,353.23

Herman Cain: $175,000.00

Rick Santorum: $496,401.09

Newt Gingrich: $4,721,538.68

Rick Perry and Ron Paul are debt-free. So is Mitt Romney.


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