the belt-tighteners

Washington Post: Members of the firebrand class of Republican freshmen on Capitol Hill – elected on a pledge to attack the U.S. debt problem – have, in some cases, accumulated tens of thousands of dollars in personal debt, according to financial documents released Wednesday.

Among the 87 new GOP members of Congressmat at least 30 had liabilities totaling $50,000 or more in 2010 …. at least seven had credit card debt exceeding $15,000.

The newcomers have helped press a simple GOP message about the public debt: The country has too much and must reduce its burden immediately. These documents seem to show that, in their private lives, some freshmen took a more nuanced view: Debt could be useful, when put toward furthering ventures in real estate, farming or other businesses.

….Among those with credit card debt was Rep. Blake Farenthold (Tex.), who has pressed for major action to control the national debt. Earlier this year, Farenthold issued a statement rejecting any increase in the debt limit without major spending cuts. “Like the rest of America,” the statement said, ‘the government needs to tighten its belt and work within its means.”

Farenthold’s 2010 disclosure forms show credit card debt of $45,000 to $150,000…

…..Among those with significant debt was Rep. Stephen Lee Fincher (R-Tenn.), who had been accused of playing down his debt during the campaign. The disclosure documents show that he is carrying $1.6 million to $6.4 million in loans relating to his family’s 2,500-acre farm in Frog Jump, Tenn.

Full article here

10 Responses to “the belt-tighteners”

  1. 1 lisalovesobama
    June 16, 2011 at 1:35 pm

    Is it in bad taste that I’m laughing my ass off at this blatant hypocrisy? Would it be even more distasteful if I hope this info takes steam and the Teapublicans start putting their dimwitted leaders through the wringer?

    • June 16, 2011 at 2:13 pm

      Lisa, I enjoy reading about their silliness, too. I think the more it gets out there, the better it is for everyone. People have the chance to see what the GOP is really all about and it gives the GOP the opportunity to start getting serious about their jobs — truly looking out for the best interests of the people of this country. Ok, about that last part — I’m always hopeful!

      Well….it’s good for the popcorn industry, too!!

  2. June 16, 2011 at 1:43 pm

    But but but if this was one of the presidents cabinet members, like daschel or Richardson, they would have to resign. Oh, wait…, never mind!

  3. June 16, 2011 at 1:43 pm

    Frog Jump, Tennessee — sounds like a song, accompanied by guitar and spoons. A $1.6 million to $ 6.4 million investment in a farm located in Frog Jump, Tennessee — does he own the town outright? Stephen Lee Fincher, a man of the people, a budding John D. Rockefeller

    • 5 theo67
      June 16, 2011 at 2:18 pm

      He’s probably swimming in government farm subsidies, too, l ik eBachmann. Hypocrites, indeed.

    • June 16, 2011 at 1:50 pm

      The above project is paid for by stimulus funds. You know, that god awful law that made everybody’s life worse!

    • June 16, 2011 at 2:04 pm

      This is great news, Jovie! Not only energy savings, but jobs. I believe Native Americans have the highest unemployment rate in the US so this is very welcome news.

      May there be much more!

  4. 9 isonprize
    June 16, 2011 at 1:48 pm

    Did they find any no-interest Tiffany accounts?? 8)

  5. 10 LYNND
    June 16, 2011 at 2:43 pm

    And then at the other end of the spectrum, We’ve got Mittens( net worth $200 mil) telling unemployed folks, that he is unemployed too. Jeez, I can he can relate then.


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