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Reply to "Kavanaugh's finances"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]His finances is a non-story. It’s not fake news, but context is missing. The cc debt did not carry over from 2016 to 2017. It was temporary. Lots of people use their cards for all expenses and then pay it off every month. Not a big deal. [/quote] It carried over for a decade before 2017, though. What exactly made it suddenly go poof, I wonder?[/quote] His 25k Harvard teaching gig? TSP loan? Mortgage refinancing?[/quote] He's had the Harvard gig for years. He's reported the TSP loan every year since 2006. He refinanced his mortgage for the 2nd time in 2015. Nope, try again. His CC balances were at their highest in 2016 and then in 2017 they were all gone. He cleaned it up quickly. [b]Why?[/b] How?[/quote] Because he knew he had a shot at being nominated and the debt would be an issue. How is a better question. And I agree with other posters that his finances are run-of-the-mill American norm of living beyond your means and not a disqualifier in and of themselves.[/quote] Yeah, but it's just odd. He came from enough money, earned plenty, had access to a lot of resources. Yet he lacked judgment until he had to show his slate. Maybe I think a supreme court justice should be held to a higher standard then the rest of us schlumps. It's not disqualifying, just off-putting.[/quote] As I live in Chevy Chase, I can kind of identify with his finances. He grew up with a certain standard of living, and he wants to give that to his children. Yet it takes serious money to do that, and most people in CC do have either (a) good incomes; or (b) family money. He's well-paid as a federal judge ($220K) but the typical wage-earner in CC has more HHI than that. As for how the debts went away suddenly, I wonder if he might have asked his parents for the money. (I know people who receive a cash gift each year from their elderly parents -- I think it's $14,000 or so that you can give (per spouse) to avoid the gift tax.) This is pretty common stuff.[/quote]
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