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Response to reACTIONary (Reply #10)

Thu Jul 12, 2018, 10:21 AM

19. Posting excerpt from the WaPo article here

Supreme Court nominee Brett M. Kavanaugh incurred tens of thousands of dollars of credit card debt buying baseball tickets over the past decade and at times reported liabilities that could have exceeded the value of his cash accounts and investment assets, according to a review of Kavanaugh’s financial disclosures and information provided by the White House.

White House spokesman Raj Shah told The Washington Post that Kavanaugh built up the debt by buying Washington Nationals season tickets and tickets for playoff games for himself and a “handful” of friends. Shah said some of the debts were also for home improvements.

In 2016, Kavanaugh reported having between $60,000 and $200,000 in debt accrued over three credit cards and a loan. Each credit card held between $15,000 and $50,000 in debt, and a Thrift Savings Plan loan was between $15,000 and $50,000.

The credit card debts and loan were either paid off or fell below the reporting requirements in 2017, according to the filings, which do not require details on the nature or source of such payments. Shah told The Post that Kavanaugh’s friends reimbursed him for their share of the baseball tickets and that the judge has since stopped purchasing the season tickets.

- snip -

Federal law requires only broad ranges for disclosure forms, and such filings include assets for spouses, so it is difficult to pinpoint an exact financial snapshot for an individual.

But for Kavanaugh, the differences between his finances and those of his would-be peers on the court are stark. He lists just two kinds of assets — unspecified accounts held with Bank of America, and his wife’s retirement fund from her job in Texas — totaling between $15,000 to $65,000.

His public filing does not include his home, which he purchased with his wife, Ashley, in 2006 for $1.2 million. Public real estate filings indicate that the couple has refinanced their mortgage twice, most recently in 2015. Their current mortgage is $865,000.

His past financial disclosure forms reveal that Kavanaugh has incurred significant credit card debt on and off for more than a decade. He previously reported between $60,000 to $200,000 in debt among three credit cards and a loan in 2006, the same year he was confirmed to the U.S. Court of Appeals for the D.C. Circuit.

....more at the link.

Not sure what all this means, but Americans need to know the truth!

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Arrow 22 replies Author Time Post
pnwmom Jul 2018 OP
cilla4progress Jul 2018 #1
alwaysinasnit Jul 2018 #11
CabalPowered Jul 2018 #22
Iliyah Jul 2018 #2
FakeNoose Jul 2018 #18
Garion_55 Jul 2018 #3
BadGimp Jul 2018 #5
underpants Jul 2018 #6
CincyDem Jul 2018 #4
underpants Jul 2018 #8
Maggiemayhem Jul 2018 #9
reACTIONary Jul 2018 #10
LineLineLineLineNew Reply Posting excerpt from the WaPo article here
FakeNoose Jul 2018 #19
paleotn Jul 2018 #13
Qutzupalotl Jul 2018 #16
FakeNoose Jul 2018 #20
Snellius Jul 2018 #7
paleotn Jul 2018 #12
ancianita Jul 2018 #14
turbinetree Jul 2018 #15
torius Jul 2018 #17
cbdo2007 Jul 2018 #21
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