McCain Owes Over $1 Million In Credit Card Debt

The John McCain campaign owes American Express $1.37 million in credit card debt and fees, according to Federal Election Commission filings.

A memo from the Democratic National Committee mocked the number, claiming "the campaign is taking its cues from the McCain's personal finances."

In June the McCain's reported more than $100,000 in personal credit card debt. Reports on Cindy McCain's personal finances have shown the beer heiress has charged as much as $500,000 in one month on an American Express card.

Read the whole story here.

Comments

[GuyFawkes]

Jeez...Is he going to make Obama pay this off, too???

[emcd]

Gee, elect McCain and he can treat the US Treasury and budget just like that!

[thegreatgiginthesky]

And O-bama is the elitist?

[jspivey]

Elitism is a synonym for "snobbery". It has nothing to do with how much money a person has.

Why can't you Obama supporters -- who we keep hearing are so well-educated -- get the meaning of this word straight?

[ErnestineBass]

Uh-Oh. The last time a couple of politicians got this deeply into debt, MBNA stepped in and gave them a sweetheart deal in exchange for their votes on the Bankruptcy Bill.

[BADEN]

AND HIS INTEREST RATE IS....(?)

AND THE PAYMENTS ARE COMING FROM....(?)

AND THEY COULDN'T JUST PAY WITH GOOD OL' INFLATION-ADJUSTED AMERICAN DOLLARS?

AND THIS REALLY MAKES ME TRUST HIM WITH THE AMERICAN TREASURY?

[4wehttam]

I don't get it. If Cindy is so rich, why doesn't she just pay these debts off, especially the personal ones, so it doesn't become a news distraction? Something is definitely up with their finances. Huffpo, do your research on this one. Me thinks Cindy and John may not have access the the money we think they do.

[jspivey]

The story doesn't say how long McCain has been carrying this debt. It could be for less than a month, if he charged campaign expenses.

If the McCains didn't have the money *you* think they do, the credit card company would have frozen their accounts.

[Sumocat]

Big deal. The campaign just has a corporate account to cover expenses, like housing and food. Lot of money goes through it, and I doubt it'll have a zero balance at any time before the campaign is done.

[Politicallie]

That argument MIGHT hold water ... if this same article didn't refer to the fact that Cindy McCain charged $500,000 in one month. Hmmm... smacks of elitism to me. No wonder McCain and his advisors think that the recession is just a mental thing - they have no idea how average Americans live.

[TheOneironaut]

LET THE CAMPAIGN DEBT BEGIN!!!!!!!!!

[Muzikal203]

A million dollars is a drop in the bucket for him. Yet Obama is the so called elitist. SMH

[sugarmoes]

no problem... his sugarmomma is LOADED!!!!

[Chillinout]

That was the card the Mcclone's used when they were in Columbia, "to pick up a few things for Cindy."

LOL

[AERO]

My friends, that's just "walkin' around money".

[TheRealMacDaddy]

Dang, I wish I was rich enough to charge a million bucks on my credit card. Heck, I wish I could charge a hundred bucks.

Now tell me who's out of touch with the avaerage American? It sure isn't Barack Obama.

[katok]

Like his 10 million dollar Ocean Front Condo, which he pays $3500 in Real Estate Taxes, while his neighbors pay hundredes of thousands, McCain will propose legislation that grants servitude of your children to pay off defaulted Credit Card Debts in exchange for a clean slate w/ the cc company

[jspivey]

Nobody in the place where that condo is located pays "hundredes of thousands" in real estate taxes.

I bet you don't own your own home, or you'd know that.

[Mayoyo]

She gave up one addiction for another....
As for the McCain campaign they are going after Hillary's voters and taking on her bad habits in the process.