The results of the Iowa caucus on Monday night will be a make or break moment for many candidates. On the Republican side, front runner Donald Trump and Texas Sen. Ted Cruz are fighting for the top spot in The Hawkeye State.
Throughout the early part of the Republican primary, Trump took hard shots at nearly all of his opponents, with the exception of Cruz. As the senator from Texas began to surge as 2015 came to a close, the billionaire real estate mogul felt a threat and went on the attack. During an interview with “Fox News Sunday” on Jan. 31, Cruz elaborated on his feud with Trump, hitting him with a new allegation.
When Trump decided to attack Cruz, he harped on his Canadian birth and questioned his eligibility to run for president. In addition, Trump cited a report by The New York Times that revealed Cruz had failed to disclose a large loan from Goldman Sachs that was used during his 2012 Senate campaign. In response, Cruz brought up financial disclosures and reports that show Trump owes as much as a billion dollars in his own unpaid loans.
“If you look at his financial disclosure, he owes at least $480 million right now, and it could be billions,” Cruz told host Chris Wallace. In regards to the loan allegations against him, Cruz said Trump was simply acted hypocritical. “It’s also the height of chutzpah for someone who owes hundreds of millions of dollars, if not billions of dollars, to attack Heidi and me,” he continued, noting “We put our life savings into running for Senate.”
“When Heidi and I take loans, we pay them back…Donald has declared bankruptcy four times. So for him to sit there owing hundreds of millions or billions or who knows and to criticize Heidi and me for putting our entire net worth into the campaign is astonishing.”
The Iowa caucus is set for this Monday, and recent polls show Trump with a slim lead over Cruz. The outcome of the events in Iowa will finally shed some light on the direction of the rest of the primary.