Newt Gingrich 2012 Already $1 Million In Debt

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The bad news just keeps on coming for former House Speaker Newt Gingrich, whose bid for the Republican presidential nomination has become an instant classic for train wreck aficionados.

The AP reports Gingrich’s campaign is more than $1 million in debt, already.Here’s the breakdown from the AP, which got a look at Gingrich’s financials:

The former House speaker’s campaign raised $2.1 million since he got into the race earlier this year. But he spent $1.8 million, and listed $1.03 million in debt, including more than $100,000 in legal fees. Gingrich listed $322,222 cash on hand.

Gingrich is struggling in polls, struggling with keeping staff, struggling with message and, it seems, now he’s struggling with money.

Read more on the financials here.

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