'It's A Normal Way Of Doing Business' VIDEO Washington--Republican presidential
candidate newt gingrich defended the large debt he owed to the luxury jewelry
store tiffany co.In 2005 and 2006, saying he can spend his money as he pleases.
"We're private citizens,"Gingrich said in an interview with bob schieffer on
cbs's"Face the nation"On sunday. "I work very hard.We have a reasonably good
income.I currently owe nothing except i owe one mortgage on a house that's a
rental property in wisconsin.Everything else is totally paid for.My home is paid
for, my cars are paid for, we don't have a separate house.House of
representatives show that in 2005 and 2006, gingrich carried as much as $500,
000 in debt on a"Revolving charge account"With the jewelry store. Gingrich's
spokesman refused to comment when the news broke, but on sunday, gingrich said
the debt was paid off"Automatically"With"No interest. " "It's a normal way of
doing business,"He said in defense of what he called a"Standard, low-Interest
account. " Gingrich refused to give more details on exactly what he spent
hundreds of thousands of dollars on at the store, saying the spending was
his"Private decision. " "I mean, you're running for president,"Insisted
schieffer. "You're going to be the guy in charge of the treasury department.It
just sticks out like a sore thumb. " "I am debt-Free,"Gingrich said.Government
were as debt-Free as i am, everyone in america would be celebrating.I think i
have proven i can manage money, as a small businessman--I run four small
businesses.They have been profitable;They have employed people.This is the
opposite of the obama model.So as a private citizen who has done well, i think
i'm allowed to pick and choose Tiffany Sale what i prefer
doing. " Really don't care.Members of congress and the executive branch are
rich.The average net worth of a member http://www.venicehotelguide.co.uk/tiffany-rings.html
of the senate in 2009 was $13.4M and the House $4.9M.Their asset and liability
disclosures are vague:Lots of debt on credit owed to, say, a credit card company
that might have been used to buy $500k of bling or whatever.Ditto for
assets:Specifics hidden behind partnerships for the most part.Most illuminating
are the extensive holdings of financial assets.John kerry, for example, owns
significant interest in funds sponsored by bain capital-Where mitt romney was
once the ceo. The bottom line is that we elect very wealthy people to federal
office-Again and again.That's fine.But the days of mr.Smith goes to washington
are bygone.What girl of his ilk has not gotten a couple of these 'guilt' gifts
after some inappropriate behavior, antics or rouguishness(In newts case
lacivious and lecherous)On the part of their mate/man/partner?Maybe that is what
newt is not able nor desiring to confess.Too many ghost in the closet newt? Fox
www.venicehotelguide.co.uk
news's greta van susteren asked the former house speaker about a politico report
that he carried as much as $500, 000 in debt to the premier jeweler. "Later on i
want you to watch this segment,"Gingrich lectured van susteren. "Notice i talked
about jobs.I talked about the price of gasoline.I talked all these real problems
for real americans. "
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