Saturday, June 14, 2008

John McCain Can't Even Manage His Own Debt

With our country in its worst debt-shape ever, it would be appropriate to elect a leader who can at the very least keep track of his own finances. That short list does not include Arizona Senator John McCain, who was found to be in nearly a quarter-million dollars in credit card debt. It isn't like he can't afford to pay it, with $57,000 in disability every year on top of his Senatorial salary and his wife's multi-multi-million dollar beer fortune. So why is the Senator in debt like that?

From The Houston Chronicle:

"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.

Another charge card with American Express, this one for a "dependent child," is carrying debt in the range of $15,000 and $50,000."

With all of that money made off of getting people drunk, can't they afford to pay their credit card bills? Most Americans could only dream about the money the McCain's have, instead they have to skimp and save to pay the minimum balance, let alone the principle. If they can't pay their own bills, how do we expect them to look out for our country's checkbook?

Probably just like George Bush did for the last eight years.