Kavanaugh's finances

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is a long way of saying that he's bad with money.

Is that a good quality in a Supreme Court Justice? Or a bad one? It makes him relatable, that's true. More importantly, does it make him relate to the common man?

I can relate to the Kavanaugh financial situation. We are 2 fed employees (attorneys) who somehow chose to live in Chevy Chase, where the houses are old, but yet expensive (both to buy and maintain). DH and I both had a nice standard of living growing up, and so we seem to live a bit beyond our two-fed means. We have carried credit card debt for a while. We admit that it's idiotic, but we still do it.

We get annual gift money from our parents at an amount just below the gift limit. We figure we might get a little inheritance in the future. We both work full-time at our jobs and get good reviews at work. In a worst case scenario, our parents could bail us out in a financial pinch. (We haven't needed to ask for that.) So we probably live a little too close to the edge financially, just because we know that there's a safety net there in the form of our parents.

We're honest people, and there's nothing criminal or unethical about having credit card debt. Yes, it's idiotic to pay those high interest rates, but it is not criminal or unethical.

We're similar. We're bad at money, but we have secure fed jobs and parents who help out a bit. We admit it. Kavanaugh does not admit it.

Really? Admit it how? On an anonymous forum? Or do you walk up to your boss on the regular and say “I have credit card debt. I’m therefore bad with money and you should take that into account when deciding whether to promote me or give me significant responsibilities.” Somehow I’m doubting you “admit” any such thing.

Somehow I doubt that more than a few Senators asked PP any such thing. If they asked, PP would be required to answer truthfully.

[Anonymous]

Anonymous wrote:I think he's more the norm than people would like to admit in DC. $300K income but house-poor with a $1.2 MM home in Chevy Chase and private school tuition. His parents were typical white-collar in CC as well. He likely had student loans that were paid off, so he didn't start saving for retirement until later (thus the $500K TSP). He has wealthy friends and a slight desire to keep up with the Joneses (see said house and the expensive baseball tickets). I think he's pretty typical.

Are you kidding? His father is a multi millionaire.

https://prabook.com/web/everett.kavanaugh/1365780

[Anonymous]

He has problems with his finances bc he IS poor. $250k in DC is poor unless your single. And he’s got a stay at home in addition to 2 kids to feed. He could go into private practice next week and command a minimum of $3.5-$4 million a year. But he stays in gov bc he wants to serve. Unlike 99% of feds, he truly is sacrificing. Give him a break.

[Anonymous]

How did is $50-200k credit card debt get paid off just before he was nominated to the Supreme Court?

Shady AF.

[Anonymous]

Anonymous wrote:He has problems with his finances bc he IS poor. $250k in DC is poor unless your single. And he’s got a stay at home in addition to 2 kids to feed. He could go into private practice next week and command a minimum of $3.5-$4 million a year. But he stays in gov bc he wants to serve. Unlike 99% of feds, he truly is sacrificing. Give him a break.

She’s not a “stay at home.”

[Anonymous]

Anonymous wrote:How did is $50-200k credit card debt get paid off just before he was nominated to the Supreme Court?

Shady AF.

If he has rich parents it's not all that surprising if they decided to help out after he was nominated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How did is $50-200k credit card debt get paid off just before he was nominated to the Supreme Court?

Shady AF.

If he has rich parents it's not all that surprising if they decided to help out after he was nominated.

But that's not what he said under oath. Hence the shady AF part.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How did is $50-200k credit card debt get paid off just before he was nominated to the Supreme Court?

Shady AF.

If he has rich parents it's not all that surprising if they decided to help out after he was nominated.

They can only help so much before he has to report the help as income, which he didn’t do. Nor,did he ever say they helped, which would have been an easy way to defuse the question.

[Anonymous]

I'm still stuck on the PP who said a $250K income is POOR in DC.

But continue.....

[Anonymous]

Anonymous wrote:I'm still stuck on the PP who said a $250K income is POOR in DC.

But continue.....

Well you would require financial aid to send your child to private school unless you didn’t have a mortgage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:He has problems with his finances bc he IS poor. $250k in DC is poor unless your single. And he’s got a stay at home in addition to 2 kids to feed. He could go into private practice next week and command a minimum of $3.5-$4 million a year. But he stays in gov bc he wants to serve. Unlike 99% of feds, he truly is sacrificing. Give him a break.

She’s not a “stay at home.”

His wife earns like 60k as manager of the town of Chevy Chase.

[Anonymous]

He hired a personal lawyer today which won’t help with his finances. Let’s hope his parents are funding his kids’ tuition.

[Anonymous]

I like Kavanaugh but there is something squirrelly about his finances, in my view. Why does someone at his point in life only have $950K net worth?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm still stuck on the PP who said a $250K income is POOR in DC.

But continue.....

Well you would require financial aid to send your child to private school unless you didn’t have a mortgage.

Oh please. That's your definition of "poor"? Not being able to send your kid to private school?? Get real.

[Anonymous]

Anonymous wrote:I like Kavanaugh but there is something squirrelly about his finances, in my view. Why does someone at his point in life only have $950K net worth?

Perhaps because, as a federal judge, he will have a pension of his full salary. I would probably feel better about just spending my money if I knew I'd get a full pension.