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10 Most Indebted Members of the U.S. Congress
TheRichest.com ^ | February 22, 2014 | Kristen Duvall

Posted on 04/19/2014 8:27:05 AM PDT by Scoutmaster

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February article, but I didn't see it posted.

Poor?

Conventional debt, credit card debt, unpaid legal fees related to corruption, business failures, living beyond means (Debbie?).

The two Republicans on the list have debt that is related to family owned businesses, Rep. David Valadao's due to multi-million dollar lines of credit on his dairy farms, their operating herds and animal feed.

1 posted on 04/19/2014 8:27:05 AM PDT by Scoutmaster
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To: Scoutmaster

Debt should never be confused with lack of wealth.

Alcee Hastings is the poster child of why we don’t want congressmen swimming in debt. The man has been bought, caught, impeached, and convicted on issues that arose from his debt.


2 posted on 04/19/2014 8:31:47 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Scoutmaster

Boo Hoo. I’m going to see if we can’t set up a National Tag Day in their behalf. Oh, I forgot, we have one already. Its on April 15th.


3 posted on 04/19/2014 8:34:50 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Scoutmaster

Debbies debt is mostly mortgage debt. That is pretty normal debt. 50K debt in credit cards is normal today unfortunately for most Americans who don’t make near her salary. As long as she makes the monthly payment, she and her husband will be fine.


4 posted on 04/19/2014 8:36:24 AM PDT by napscoordinator ( Santorum-Bachmann 2016 for the future of the country!)
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To: napscoordinator

How do banks loan more money on a place than it is worth?


5 posted on 04/19/2014 8:46:56 AM PDT by Paladin2
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To: Scoutmaster

The article can be misleading in that it reports the mortgage debt but does not report the offsetting asset value of what is mortgaged.


6 posted on 04/19/2014 9:00:06 AM PDT by House Atreides
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To: Scoutmaster

Ten jackasses who can’t manage their own money, but have the power to take ours.


7 posted on 04/19/2014 9:02:35 AM PDT by dainbramaged (Don't tell me, I'll tell you.)
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To: Scoutmaster
"Every member of congress must report their assets, which include money from bank accounts, stocks and other investments."

Every member of congress should be required to do their own tax returns.

8 posted on 04/19/2014 9:03:27 AM PDT by Baynative (Got bulbs? Check my profile page.)
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To: napscoordinator
50K debt in credit cards is normal today unfortunately for most Americans
Surely you jest.
9 posted on 04/19/2014 9:04:00 AM PDT by oh8eleven (RVN '67-'68)
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To: Paladin2
How do banks loan more money on a place than it is worth?

The same way brokers will cover your losses if you invest in cattle futures-- see how Hillary Clinton turned a $1000 investment into a $99K profit when her trophy husband was governor of Arkansas.

10 posted on 04/19/2014 9:08:08 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: House Atreides
"...does not report the offsetting asset value of what is mortgaged"

WTF kind of balance sheet is that?

11 posted on 04/19/2014 9:12:36 AM PDT by Paladin2
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To: Scoutmaster

This list is a crock!

I have a hard time believing Debbie Schultz is married to anyone.

Must be a rain soaked, Dead sewer rat and she probably keeps its corpse chained in the freezer, so that even if it did come back to life and attempt to flee, she stands a good chance of recapturing it because it’ll be hampered by frozen joints and probably won’t get fer far.

Least thatz whut I heard....


12 posted on 04/19/2014 9:23:16 AM PDT by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: cripplecreek
Debt should never be confused with lack of wealth.

Hence my enigmatic "Poor?"

13 posted on 04/19/2014 9:28:41 AM PDT by Scoutmaster (Is it solipsistic in here, or is it just me?)
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To: Baynative

Even if they DID their own tax returns, the IRS would cover their butts!!
ie Charlie Rangel!!! They get HUGE bennies the rest of us don’t!!!!


14 posted on 04/19/2014 9:32:14 AM PDT by Kit cat (OBummer must go)
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To: House Atreides
The article can be misleading in that it reports the mortgage debt but does not report the offsetting asset value of what is mortgaged.

Agree this is stupid.

I wonder how much Was-A-Man's sex change operation?

15 posted on 04/19/2014 9:35:40 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Scoutmaster

Hmm...mostly 9 out of 10 Democrats, the Republican at least has asset collateral.

What this says is that they are the 10 Politicians in Congress who are most open to stealing, lying, embezzling, and ability to be bribed, paid off, offered meaningless high paying incentives, etc. etc. etc.


16 posted on 04/19/2014 9:41:31 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: napscoordinator

If this is correct, she’s also doing some asset schemes via holdings in different names:
http://legalinsurrection.com/2012/07/debbie-wasserman-schultz-hides-property-by-using-deborah-schultz/


17 posted on 04/19/2014 9:43:36 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: Paladin2

I remember loans on a home (for ANYBODY, actually) that were over 125% of value. I saw several of them in my subdivision.

A couple would get the house and cash (no money down, no closing costs) buy the house and make a down payment on a new car. They’d get friends as roommates and charge ‘rent’.

It never worked out. Less than a year. They walked away from the house and somebody else came along and did the same thing until the bubble burst.

The house across the street from me was one. 5 owners in less than 10 years. Mostly users, losers and cruisers.

The couple in there now (sixth) have been there the longest. They too fell under Obama’s darkness and both lost their jobs. I’ll give them this. BOTH got jobs that paid far below their last ones. They’re still there and crawling back to normalcy, even under Obama. I hope they survive. They work at even the lowest jobs to get by. God bless them.


18 posted on 04/19/2014 9:48:39 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: Vendome

You are so nasty against Debbie WhatsHerFace Schultz!!

And so very funny!


19 posted on 04/19/2014 10:02:14 AM PDT by jayrunner
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To: Scoutmaster
Separated At Birth?
Debbie Wasserman Schultz Medusa

20 posted on 04/19/2014 10:15:27 AM PDT by upchuck (Support ABLE, the Anybody But Lindsey Effort. Yes, we are the ABLE!!)
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