On Friday, June 13, Senators and Presidential hopefuls Barack Obama and John McCain released their Senate financial disclosures.
Guess what- John McCain and his wife Cindy McCain have credit card debt. That shouldn’t be a surprise, because a lot of Americans have credit card debt. However, not a lot of Americans have owed $225,000 on their credit cards like the McCains.
“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.”
Wow…now we all know that Cindy McCain is ballin’ out of control. Like, seriously ballin’. Not ballin’ on a budget like some rappers; not ballin’ from Peter so I can front to Paul like some of us do. She’s got FOR REAL money. I wonder what it’s like to have so much money that having credit card debt of AT LEAST $225,000 isn’t a real issue.
In all seriousness, there’s so much that I could do with the $225,000 that she owes. I could give to Jesus, pay off school loans, pay off my car loan, and pretty much pay cash for a house.
So finding this out makes me feel SLIGHTLY better. Cindy and John McCain have debt like regular Americans. LOTS of it. The only difference is that they could pay it off and not feel any pinch…