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Santorum Says Campaign Funds Dried Up

AFP/Getty Images(WASHINGTON) -- Rick Santorum admitted Thursday that his war chest had dried up by the time he reached Pennsylvania and that the campaign had entered into debt for the first time, making him believe they would be unable to compete against Mitt Romney in the Keystone state.

“We didn’t have a lot of money to begin with, but we were at a point where we simply had in the last couple races, really worked hard and spent money and particularly in Wisconsin, we felt we had to win Wisconsin in order to do well in Pennsylvania, and it was a situation where we simply didn’t have the resources to compete going forward,” Santorum said on the Family Research Council’s Tony Perkins radio show Thursday. “We for the first time in the campaign had a debt.  The debt was from my perspective more substantial than I was comfortable with.”

Santorum, who suspended his campaign Tuesday, said he defied the odds and was able to run a campaign “on a shoe string.” He also disclosed for the first time that in the week after his loss in the Wisconsin primary, his campaign “basically raised almost no money.”

“It was a very, very small trickle of funds that were coming in.  We realized it’s one thing to go out and compete in Pennsylvania.  Romney had already laid down $4 million of advertising, and we were looking at probably not being able to spend a penny on advertising.  You just reach a point where you want to compete, but you have to be able to compete, and we felt we couldn’t.”

Despite possible openings during the interview, Santorum didn’t praise Romney or even mention potential future support. It’s widely believed he will endorse Romney.

Copyright 2012 ABC News Radio

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