Newt Gingrich is a self-avowed fiscal conservative and deficit hawk. But his 2012 presidential campaign committee is still swimming in debt.

Gingrich is a fiscal conservative who wants a balanced federal budget. He is helping the Republicans win back the US House.

The 2012 presidential campaign committee of Gingrich is almost a decade old.

The Newt 2012 campaign committee has more than $4.63 million in debt, according to a financial filing submitted Saturday to the Federal Election Commission. No presidential campaign owes more money than others.

As of December 31, the campaign had $747.28 in the bank.

Newt Gingrich financial filing for 2021
Newt Gingrich's 2012 presidential campaign committee remains more than $4.63 million in debt, according to a disclosure filed January 29, 2022, with the Federal Election Commission.
Federal Election Commission

A host of political consultants, as well as FedEx, and an organization run by the late Herman Cain, are among those who are owed money.

Newt 2012 has a debt of $16,525 to Herman Cain Solutions, which has been dissolved.

Gingrich owes Newt 2012 more than $600,000 for travel expenses.

Gingrich is a frequent fundraising pitchman for other Republican committees, even though he has not made much effort to raise money to pay down his 2012 presidential campaign debts.

Gingrich wrote in an email that the National Republican Congressional Committee would not be able to get rid of Nancy Pelosi unless they renewed their memberships immediately.

NRCC email
A National Republican Congressional Committee fundraising email signed by Newt Gingrich.
NRCC

Gingrich could not be reached for comment on the debt of his campaign committee, which has remained the same for almost a decade.

Gingrich's preference was not to have gone into debt. We would eliminate the debt if we could. This will take a long time.

Gingrich, the leader of the 1994 Republican Revolution, who delivered a House majority for the GOP for the first time in 40 years, has been advising House Minority Leader Kevin McCarthy of California.

Gingrich detailed in a post what he considered to be the country's real threats, including the current system of open-ended spending.

Gingrich said it was necessary for our long-term health as a country to balance the federal budget.

He wrote that it will lower inflation, lower interest rates, lower the burden on our children and grandchildren, and rebuild our capacity to renew the world's reserve currency with leverage over China, Russia, and others.

Hillary Clinton's 2000 and 2006 US Senate campaign committee still has $22,343 on its balance sheet as of December 31, FEC records show.

Clinton's committee could donate the money to charity, give it to another political committee, or disgorge it to the US Treasury.

Gingrich and Clinton are political enemies. Gingrich's mother told a journalist in 1995 that her son told her Clinton was a bitch.