red states rule
Senior Member
- May 30, 2006
- 16,011
- 573
- 48
You can't make this stuff up. It seems our elected officals cant manage their own finances - and they want to manage the nations?
snips..
Lawmakers pile up personal debt
By: Josephine Hearn
Jul 17, 2007 06:48 PM EST
Forty-eight members of the House and three from the Senate had more than $10,000 in family credit card debt last year, with some carrying balances totaling more than $50,000, according to their personal financial disclosure reports.
Most of the lawmakers with high card debt, though, denied they were poorly managing their own finances, saying they were beating the prevailing rates and avoiding the high fees. Although most said they were keeping a close eye on their credit scores, some said the rating was not a concern to them because they weren't planning to borrow money soon.
Sen. John McCain (R-Ariz.) reported that his wife, Cindy, held a platinum American Express card with a balance of $50,000 to $100,000 and a Chase card with charges from $15,000 to $50,000. The first card had a zero percent interest rate; the second, 15.99 percent.
Rep. Robert Wexler (D-Fla.) owed from $50,000 to $100,000 on several cards.
Rep. Charles Gonzalez (D-Texas) said his more than $50,000 in card debt was due to "family obligations." He recently consolidated his debt "at a rate unattainable through a bank," he said.
http://www.politico.com/news/stories/0707/5002.html
snips..
Lawmakers pile up personal debt
By: Josephine Hearn
Jul 17, 2007 06:48 PM EST
Forty-eight members of the House and three from the Senate had more than $10,000 in family credit card debt last year, with some carrying balances totaling more than $50,000, according to their personal financial disclosure reports.
Most of the lawmakers with high card debt, though, denied they were poorly managing their own finances, saying they were beating the prevailing rates and avoiding the high fees. Although most said they were keeping a close eye on their credit scores, some said the rating was not a concern to them because they weren't planning to borrow money soon.
Sen. John McCain (R-Ariz.) reported that his wife, Cindy, held a platinum American Express card with a balance of $50,000 to $100,000 and a Chase card with charges from $15,000 to $50,000. The first card had a zero percent interest rate; the second, 15.99 percent.
Rep. Robert Wexler (D-Fla.) owed from $50,000 to $100,000 on several cards.
Rep. Charles Gonzalez (D-Texas) said his more than $50,000 in card debt was due to "family obligations." He recently consolidated his debt "at a rate unattainable through a bank," he said.
http://www.politico.com/news/stories/0707/5002.html
