The McCains' Credit Card Debt: Dilemma or Distraction? tbn0.google.com
The McCains' Credit Card Debt: Dilemma or Distraction?
Added 605 days ago on June 14th, 2008
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.
Democratic candidate, Sen. Barack Obama (D-Ill.), reported no liabilities in his annual financial disclosures.


Added by: ffox
Votes: 70
Ratings: 3
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Poll
Does this speak to the personal and financial responsibility of John McCain?
Yes, he's engaged in "reckless indebtedness"
66%
No, Why not take advantage of 0% financing
34%
Closed on July 14th, 2008
This is not a scientific survey, click here to learn more. Results may not total 100% due to rounding and voting descrepencies.
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