The release of Senate financial disclosure statements on Friday, revealed that Senator John McCain and his wife, Cindy, have “at least $225,000 in credit card debt.”
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.
Another charge card, held by what was described as a “dependent child,” had also accumulated debts of $15,000 to $50,000. In addition, a credit card held jointly by the couple was carrying $10,000 to $15,000 in debt, the filing indicated, at a stiff 25.99 percent interest rate.
Kinda makes you wonder if John McCain really knows the meaning of being a “fiscal conservative.” Emptywheel points out, “Cindy McCain is carrying more debt on credit cards than 80% of Americans’ total net worth.”