The Final Nail in the Coffin for Newt Gingrich's Campaign?

I don’t see how it could possibly get any worse that what Matt Lewis reports at The Daily Caller:

FEC reports released today show that former Speaker Newt Gingrich’s campaign has $1,030,627.82 in debt.

He blames his consultants. But the Gingrich campaign’s FEC report shows that nearly half of the debt comes from charting private airplanes. More specifically, the campaign owes $451,946.00 to Moby Dick Airways LTD.

Gingrich spokesman R.C. Hammond tells me Gingrich was unaware of the financial situation until the consultants left.

In a political cycle where the Debt is issue #1 and the Tea Party is the most dynamic political force in the country those five sentences should be the end. This is starting to get painful to watch.