Reply to Hat tip to Trump for his unassailable SCOTUS pick

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It looks like at least $150,000 was credit card debt (plus a thrift loan and a personal loan).  Am I the only one wondering:

1.  What bank gives someone with a HHI and over 800k in mortgage $150,000 in unsecured loans?

And

2.  How you manage to pay off $865,000 mortgage, $150,000 in credit card debt and private school x2, and still, you know, eat?

$5,700/month Mortage/property taxes/insurance on $865,000 mortgage
$2,000/ month, private school
$700/ month Thrift repayment on $50,000
$6000/month minimum payment on $150,000 credit card debt

$14,400/ on housing, school and debt

That’s $172,000 a year.

Take home pay after taxes is $202,000.

Subtract $8000 in FEHB costs. So $194,000

Assuming $0 savings for college, retirement, etc.  You have $22,000 a year left (about $1800/month) for food, home repairs, clothes, cars, car repairs, gas, vacations, entertaining, church tithing (must do in the Catholic church).

Can it be done?  Yes.  Can in be done in CC with the lifestyle this guy was living?  No way in he11.

Something very hunky with the finances.

[/quote]

Thanks for doing the math- I didn’t have time. No way, you can have all those expenses and pay off $60-200k in debt in a year. The article said some of it was tickets, some was house projects. I’d be very interested to see who the “friends” are that reimbursed him for season tickets. [/quote]
If Kavanaugh's parents have means he might have received help from them.[/quote]

If it was enough to pay off $200,000 in debt, I hope he declared in and paid the gift tax. [/quote]

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