Monday, September 21, 2015

Gov. Scott Walker has large personal debt problems, consistent with reports of his negative net worth

Reported here:

"The Re­pub­lic­an pres­id­en­tial can­did­ate has cast him­self as both a fisc­al con­ser­vat­ive lead­er and a penny-pinch­ing every­man on the cam­paign trail, of­ten tout­ing his love of Kohl’s, the dis­count de­part­ment store. His newly pub­lished fin­an­cial dis­clos­ure shows that, like many Amer­ic­ans, Walk­er has few as­sets, some ma­jor debts (in­clud­ing more than $100,000 for stu­dent loans for his chil­dren), and a pun­ish­ing in­terest rate on his cred­it-card ob­lig­a­tions. Walk­er in­curred one cred­it-card debt with Barclays in 2014, ac­cord­ing to the fin­an­cial dis­clos­ure form, and owed between $10,000 and $15,000 at a 27.24 per­cent in­terest rate as of Ju­ly 2015. ... One of Walk­er’s cred­it-card debts, to Bank of Amer­ica, dates back to 2011, his first year as gov­ernor, ac­cord­ing to the dis­clos­ure form. Walk­er cur­rently owes between $10,000 and $15,000 on that one, with an in­terest rate of 11.99 per­cent."