[That half million was his line of credit with Tiffany’s, not what he owed them.]
Sorry, all the Google sources say OWED........
Newt Gingrich owed up to $500, 000 to Tiffany
Now he is being stung by a report that he carried up to $500,000 in debt to the Tiffany jewelry company - and may still be carrying it.
http://www.cbsnews.com/8301-503544_162-20063654-503544.html
Former House Speaker Newt Gingrich owed between $250,001 and $500,000 to a top jewelry company
http://dailycaller.com/2011/05/17/gingrich-owed-over-250000-to-jewelry-company/
When you buy a Snickers bar at the 7-11, and its in your hand, you “owe” 75 cents for a moment in time. No one disputes that Gingrich “owed” up to a half million, and that that debt was noted a finance report. Newt claims he paid it back in 1 or 2 months. If that’s false, it would have been leaked to the media by now.
However...who the hell cares?
Again, when you have money, you buy expensive things. Good for Newt. Instead of festering resentment, go get your own cash, and then you can be cool like Newt & buy expensive stuff for your wife.
I’m missing exactly why this is important to you, potlatch. It strikes me more as something Dems, Politico an CBS (your sources) would obsess over, not a conservative.
Have you ever read a Congressional financial disclosure report? The report Calista Gingrich had to file in 2007 as a Capitol employee has their assets then in the “$1-2.5M” range. The debt to Tiffany was in the $250-500K range.” Those are pretty big ‘ranges.’ For all we know, he got a substantial book advance in 2007 and charged some nice pieces of jewelry for his wife.
If the debt was outstanding for any period of time, it’d be in the MSM daily, on page one. How lovely it would be if only Newt’s 2007 purchases and bills from Tiffany were all we had to worry about!