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View Full Version : How do you rack up a quarter million in CC debt...


SoonerInKCMO
6/14/2008, 12:42 PM
when you have over $6 million in annual income? (http://www.msnbc.msn.com/id/25154267/) :confused:

We better not let this guy anywhere near the country's finances. :pop:
Bone
6/14/2008, 01:00 PM
Carrying debt on a credit card? Not a bright idea. Maybe we're doomed either way.
soonerinabilene
6/14/2008, 01:02 PM
People are stupid. Heck, Shaq makes a 18 million a year and has a 30,000 a month mortgage payment.
mdklatt
6/14/2008, 02:12 PM
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.

I thought you had to pay off an American Express every month?
SoonerInKCMO
6/14/2008, 02:14 PM
The old school AMEX makes you pay the balance every month; they have some new AMEXes that let you carry a balance.
mdklatt
6/14/2008, 02:14 PM
People are stupid. Heck, Shaq makes a 18 million a year and has a 30,000 a month mortgage payment.

That's only 2% of his income.
mdklatt
6/14/2008, 02:16 PM
Another charge card, held by what was described as a “dependent child,”

How old are McCain's kids???

EDIT: Okay, I've been doing some research. Is this true (from Wikipedia)?


In 1979, McCain met and began an extramarital relationship with Cindy Lou Hensley, a teacher from Phoenix, Arizona, the only child of the founder of Hensley & Co.[58] His wife Carol Shepp McCain accepted a divorce in February of 1980, effective in April of 1980.

Way to go, Mr. "Traditional Marriage". :rolleyes:
Okla-homey
6/14/2008, 02:23 PM
when you have over $6 million in annual income? (http://www.msnbc.msn.com/id/25154267/) :confused:

We better not let this guy anywhere near the country's finances. :pop:

but Cindy is a bazilionnaire beer hieress. No biggy.