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Friday, June 13, 2008

McCains More than $100,000 in Credit Card Debt

The Hill reports that John and Cindy McCain have more than $100,000 in credit card debt. (And I thought my debt was bad. Thanks for making me feel better McCain!)

From The Hill:

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.

McCain's wife also has a second American Express charge card listed on the senator's financial disclosure that was carrying $100,000 to $250,000 in debt.

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

Cindy McCain reported a wealth of assets, including properties in Arizona and one she sold in La Jolla, Calif. for more than $1 million in profit.

In addition to his Senate salary, McCain received an annual pension from the U.S. Navy that is worth more than $58,000.

The Obamas on the other hand? Debt free. Where have I heard this storyline before? Oh, yeah... I wonder what Hillary is up to these days. I guess she won't be borrowing from McCain to pay off her campaign debt.

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