Tuesday, June 24, 2008

Fiscal Responsibility at Home?

From MSNBC: (Saturday June 14)

Senators John McCain and Barack Obama released their Senate financial disclosure statements on Friday, revealing that Mr. McCain and his wife had at least $225,000 in credit card debt and that Mr. Obama and his wife had put more than $200,000 into college funds for their daughters.

The bulk of the McCains’ obligations stemmed from a pair of American Express credit cards that are held in Cindy McCain’s name. According to the disclosure reports, which present information on debts in a range rather than providing a precise figure, Mrs. McCain owed $100,000 to $250,000 on each card.

Another charge card, held by what was described as a “dependent child,” had also accumulated debts of $15,000 to $50,000. In addition, a credit card held jointly by the couple was carrying $10,000 to $15,000 in debt, the filing indicated, at a stiff 25.99 percent interest rate.

Click on the link above for the rest

5 comments:

Bubby said...

I don't know anyone that carries $250,000 in credit card debt. The interest and fees should be astronomical! Unless of course, McCain and the Beer Lady are getting special sweetheart terms, and free use of someone else's money, someone who will want "special" consideration.

Tad said...

Yes, rich people have money to burn thank you for letting me know.

Anonymous said...

I think Tad, that the point being made is having to do with the candidates' handling of personal finance and how that might extend to how each might handle the nation's.
McCain seems to be pretty much typical republican policy of spending borrowed money and heck with the debt and interest loads.
A quarter million in credit card debt is absurd.

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washington/2008/06/
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