Fiscal conservative Gingrich had at least $250,000 debt with Tiffany’s

May 17, 2011

Politicians are in heated debate about the $14.3 trillion national debt ceiling. But their personal debt can also be eye-popping.

Politico reports that Republican presidential candidate Newt Gingrich owed at least $250,000 and as much as $500,000 to luxury jewelry company Tiffany & Co.

We checked the store website but couldn’t find any one item for that amount, although a few baubles here, a few watches there, and it all adds up.

So what did he buy? We don’t know, and his spokesman won’t say.

The former House speaker in 2005 and 2006 carried $250,001 to $500,000 in debt to Tiffany’s, according to financial disclosures filed by his third wife Callista, who was employed by the House Agriculture Committee until 2007, Politico reports. Financial disclosure forms ask for ranges rather than specific amounts in many categories.

She reported the liability was on a Tiffany charge card and indicated it was her spouse’s debt. It was not clear whether he has paid off the debt.

We recall that a key part of Gingrich’s “Contract with America” when he led the 1994 Republican revolution that seized control of both houses of Congress was … the Fiscal Responsibility Act.

Photo credit: Reuters/Phil McCarten (Tiffany store in Santa Monica, California)

 

 

 

 

 


 

 

 

 

 

2 comments

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[...] item for that amount, although a few baubles here, a few watches there, and it all adds up. … read full news Published: Tue, 17 May 2011 23:53 Tags: Fiscal conservative Gingrich had at least $250000 debt [...]

So who really cares. This pales in comparison to his ethical problems, failed marriages and questionable family values.

Posted by seattlesh | Report as abusive

Man of the people, indeed.

Posted by GetpIaning | Report as abusive