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Santorum Says Campaign Funds Dried Up

Former Republican presidential candidate Rick Santorum said Thursday in his first post-withdrawal press interview that a lack of funds significantly contributed to his exit from the race.

The former Pennsylvania Senator suspended his campaign for the Republican nomination on Tuesday, effectively ceding the race to front-runner Mitt Romney. Santorum has not endorsed Romney yet, however, and still has 272 delegates.

Santorum withdrew just before the race reached his home state of Pennsylvania.

"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 Family Research Council President Tony Perkins' radio show.

He added, "We for the first time in the campaign had a debt. The debt was … more substantial than I was comfortable with…. It was a very, very small trickle of funds that were coming in."

Romney had already prepared $4 million in ads for the Pennsylvania primary, Santorum said - an investment he could not match.

"We were looking at probably not being able to spend a penny on advertising," Santorum said. "You just reach a point where you want to compete, but you have to be able to compete, and we felt we couldn't."

At one point, Santorum seemed on a roll in the GOP primary contests. He won the Iowa caucus in January, which netted him $4.5 million in funds, and in February he won a triple victory in the Colorado, Minnesota and Missouri primaries. Those wins helped his campaign net $9 million that month.

Santorum did not mention Romney during the radio interview, but the two men have talked before and since Santorum's withdrawal from the race, and most observers expect an endorsement soon.

by RTT Staff Writer

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