Friday, June 13, 2008

One More Reason John McCain Probably Shouldn't be President

The Hill reports:

Sen. John McCain (R-Ariz.) and his wife reported more than $100,000 of credit card liabilities, according to financial disclosure documents released Friday.

The presidential candidate and his wife Cindy reported piling up debt on a charge card between $10,000 and $15,000. His wife’s solo charge card has between $100,000 and $250,000 in debt to American Express.


That is real bad. $100,000 in credit card debt. Yikes. I generally tell our members that any debt is really bad because of the way it snowballs. Very smart, competent people can get into credit card debt, the companies are good at tricking people, but most of us aren't running for president. If you aren't going to handle the details yourself, delegate them. The McCains are extremely rich. No reason to be paying thousands of dollars for the benefit of ignoring your business. A thousand dollars, i get. It take a while to rack up as much debt as the three of them have. Sheesh. This guy can't even keep his own finances in order, much less our country's.

2 Comments:

At 6/16/2008 , Blogger bpt said...

maybe their credit card can only be paid electronically? computers are beyond Mr. McCain. I see a meme here. (the word on gerald ford which stuck was "can't chew gum and walk at the same time.")

 
At 6/20/2008 , Blogger credit savvy said...

very true there bpt


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