And how does this promote fiscal responsibility for John McCain?

She has to pay for all that Oxy somehow!

From that report:

Obama reported college savings of $100,000 and $250,000 for each of his two daughters.

Nice contrast to McCain.

McFoolish says it is good for the country that we all carry that much credit card debt...He and Cindy are just too busy to worry about it. I wonder if they special treatment and low finace charges on these cards.

This is most surprising since I believe that John McCain is older than credit cards. Is it possible these debts have been run up on a ledger at his local general store? $100,000 is alot of sassafrass and dried beef.

Clearly, the McCains are trying to help out financially strapped Americans by allowing the credit card companies to extract their massive profits from people like themselves who can afford it rather than raise their already exorbitant interest rates.

WOW ! A must read ! On counterpunch.org

From Glory Boy to PW Songbird

John McCain: War Hero or North Vietnam's Go-To Collaborator?
By DOUGLAS VALENTINE

A well written, yet very disturbing view.......

This is awesome! I think they should hit him on it. He'll have to respond with something like "It's not a big deal because we have millions of dollars" or "the debt is just a month old, we just purchased a yacht". That will go over great with those "hardworking, white, Americans".

Suddenly Bush's borrowing from China to finance his Glorious War to Resubjugate Brown People is making sense ...

This conversation is ridiculous:

1-Cindy is worth an estimated 100 million dollars. This debt represents 1% of her net worth. Depending on who you ask, the average American spends between 5% to 14% of their net worth on Credit Card repays.

2-We have no real idea what this money was spent on or why. The point is that they pay the money back. How they choose to spend their money, as with the way each of us chooses to spend our money, is no one’s business (so long as it is legal). I should only be a concerned when the fail to meet their obligations.

3-We don’t know what the Obama’s true debt is since they refused to release of their financial information.

So John and Cindy are wasting about $50,000. a month on credit card interest payments. More than the average citizen makes in a year. How stupid is that?

1-Cindy is worth an estimated 100 million dollars. This debt represents 1% of her net worth. Depending on who you ask, the average American spends between 5% to 14% of their net worth on Credit Card repays.

It does not matter what percentage of your wealth debt represents. It matters that you are paying interest, and thus wasting money, for no good reason. (Of course when you marry into or inherit wealth, you don't really understand these petty little things so it is understandable that Johnny and Cindy waste thousands on dept maintenance, the rest of us watch these kinds of things or have no other choice than to carry credit card debt, because we are using plastic to pay for such frivolousness as food and gas to get to work.

Perfect parallel to what McSame would do to the budget -- make Bush's tax cuts permanent, add another $400 billion in new tax cuts, and somehow pay for it by ending earmarks.

In other words, just put it all on the plastic. And by the time he's done, the U.S. government will be paying loan shark interest rates, too, because our credit-worthiness will be down the tubes.

I hope they're earning free miles.

It does not matter what percentage of your wealth debt represents. It matters that you are paying interest, and thus wasting money, for no good reason.

Exactly. They are wasting lots of money. What does this tell the average Joe struggling to make an extra $10.00. ?

So, here I am, defending John McCain and his pill-popping wife.

They carry one-tenth of one percent of their net worth in credit card debt, because *they want to*.

Maybe they want to stimulate the economy. Maybe they are trickle-down supporters. Maybe they want to maintain some debt so they can get their credit score up. Maybe their Amex Adamantium card gets them really good seats at the symphony if they charge $100,000 a year.

Doesn't matter.

It is not even the slightest, tiniest, microscopically minutest bit financially irresponsible. This is, and let me say it, too, ridiculous.

Do you know how many college-educated American's with a household income of $100,000 a YEAR are driving $50,000 cars?

C'mon.

All very entertaining and gossip satisfaction producing I'm sure, but I don't like this sort of chain. I can't distinguish its mode from sex spying, gotcha clips, eaves dropping, trash snooping, or hearsay repetition. I am surprised to find a lead-in to this on the main page of TPM.

Chances are the rack up that much in one month. But, honestly, who cares?