KERRY'S PERSONAL BUDGET PLAN
In between his two marriages, John Kerry's income took a dramatic drop and the senator often borrowed money to cover tuition payments and other costs. A brief timeline:
• 1984: Kerry elected to the Senate with a salary of $75,000; sells off interest in law firm for more than $50,000.
• 1986: Earns $23,000 in speaking fees and roughly $30,000 from the sale of three condominiums
• 1987: Sells his Washington home for $420,000.
• 1988: Divorces from first wife, Julia Thorne; agrees to pay child support and private-school tuition for their two daughters.
• 1990: Senate bans speaking fees; earns $97,600 Senate salary; opens $50,000-$100,000 line of credit.
• 1993: Earns $133,600 Senate salary, opens three lines of credit each providing access to between $15,000-$50,000.
• 1995: Marries Teresa Heinz Kerry, whose wealth is estimated to be about $500 million.
Source: Senate Financial Disclosure Reports
What a revelation!
I had the same problems after I divorced my first multi-million dollar heiress,and before I met my current multi-million dollar heiress.
He is the common man after all.
Hilarious article. they're trying to make it sound like Kerry experienced the school of hard knocks. Basically, the article says: Between gigolo marriages, Kerry scraped by on the public dole, lived the life of a vagabond playboy, but never dirtied his hands by making a living in the real world. I think the best has to be Kerry seeking sympathy because he had to live the lifestyle of a lowly Congressman, rather than a Senator.
My word, I had no idea the poor, poor boy was so strapped for cash. How on earth did he ever survive?
I would wager that 99-percent of Americans would love to have the opportunities Mr. Kerry had during the time in question in the article. I am sure they would have had much better luck with the money. And this is the guy who wants to run out budget? Yikes!
This immediately disqualifies him for Pres. Like all of the 60's -70's freeloading males, he lost his meal ticket. And did he learn to live within his means, NOOOOOOOOOO, he started running a deficit. Then luckily for him a wealthy man died, and left a pathetic rich widow. Deficit solved. To Frenchie the American Taxpayer is equivalent to a rich widow.
That same year, federal prosecutors investigating a Massachusetts congressman for corruption stumbled onto the fact that Mr. Kerry had been using a rental car for 16 months without making a payment. Claiming a bookkeeping error, Mr. Kerry rushed a $13,600 check to the dealership, avoiding further scrutiny from investigators...."
Yikes!!
"During his "gypsy" years, Mr. Kerry did get caught in a few financial jams. At the outset of his first Senate run in 1984, he invested in an overseas tax shelter. But he abandoned it five months later -- losing about $30,000 -- after his accountant warned it looked shady.
That same year, federal prosecutors investigating a Massachusetts congressman for corruption stumbled onto the fact that Mr. Kerry had been using a rental car for 16 months without making a payment. Claiming a bookkeeping error, Mr. Kerry rushed a $13,600 check to the dealership, avoiding further scrutiny from investigators..."
Aw....nothing about eating canned salmon or rice and beans? Nothing about taking the bus instead of driving? And not a thing about using duct tape to repair the kids' shoes because buying new ones is out of the question? Been there, done that....
I wish I would have been as financially strapped as Kerry so that I could understand ordinary Americans.
Yeah, like any of us could keep a rental car without making a payment for 16 MONTHS! Two weeks and we'd be served with papers.
In fact, none of us could rent a car without a credit card which the rental company would be charging weekly and in advance.
Looks to me like he just got caught. Interesting how quickly this poor common man managed to cough up $13,000 to quiet it all down.
Makes one wonder how many other sweet deals he had/has going that have never had the light shown on them.
It's always amazed me how many millions congressmen and senators spend to get elected to a job that only pays a hundred thousand dollars or so a year.