You can thank John McCain for this. Newt’s SuperPac has more money than Newt’s campgain owes, but he can’t use the money nor can they give it to him. Nobody can give Newt more than $2500. This is nonsense. It is time to end campaign contribution limits.
So was Hillary’s debt all eventually paid off only from $2,500 donations?
This article says from 2/2009 to 2/2010 she paid off $4.5 million in debt, the vast bulk of her remaining debt at that time.
http://www.politico.com/news/stories/0210/32320.html
Newt had raised millions for his think tanks like American Solutions so I have a feeling he’ll be able to pay this down in the same timeframe Hillary did.