Santorum says debt derailed campaign

Rick Santorum said Thursday that he dropped out of the presidential race mainly because he was running out of money.

“We were just burning through cash at a rate we couldn’t maintain,” Santorum said in a radio interview with Tony Perkins, president of the Family Research Council.

The former senator suspended his campaign for the Republican presidential nomination Tuesday, citing family concerns and the health of his 3-year-old daughter, Bella.

Almost immediately after quitting the race, Santorum sent out a fundraising pitch to help alleviate his debt.

Santorum said his fundraising had slowed to “a very, very small trickle” after he lost the Wisconsin primary April 3, adding that his campaign was in debt for the first time since he joined the race.

“The debt was, from my perspective, a little bit more substantial than I was comfortable with,” he said.