Posted on 02/21/2006 6:40:03 AM PST by wjersey
They ain't commies any more -- they sold out to Unilever. Ben and Jerry's is made by The Man.
SD
"There's a good reason why he and his family are in the DC area instead of in Penn Hills---he was elected by the people of Pennsylvania to represent them in the U.S. Senate, and the U.S. Senate meets in Washington, DC. Senator Santorum owns a home in Penn Hills and pays property taxes on it. It is his tax money that is used to finance the cyberschool. If he chose not to have his family with him while working 7 days a week in DC, then he could have kept his kids in the Penn Hills public schools, but as it is they are enrolled in the Penn Hills cyberschool that allows them to take classes even when they aren't in Penn Hills. If a property owner in Penn Hills can't enroll his children in the local cyberschool, who can?"
He's abusing his position.
Could YOU do that from another state at taxpayer expense?
Of course not!
This has been hashed and rehashed numerous times, there is really no excuse for being ignorant about it.
The only "position" Santorum is "abusing" to get the local district to pay for his children's education is the "position" of local taxpayer. Any PA resident can enroll their children in cyberschool, and the local district pays for the tuition.
In any event, he ceased this because it is too difficult to explain to people who like to throw around smears.
SD
SD
Exactly. Wonder what Rendell's expense account looks like LOL.
It doesn't look as bad as some hope it does.
No, on a FIVE YEAR mortgage it's just over $9,200 which seems like a huge stretch on a senator's salary, although I have no idea if his wife has an income.
And why wouldn't you be able to? Cyberschools are cutting edge by that's the idea behind them.
OHHH..maybe it's a five year Balloon...that's calculated differently, right?
However, you are being too tough on him. He's got a friend in the mortgage biz who gave him a mortgage. Big deal. He pays property taxes on a house in Pennsylvania. Pennsylvania offers its residents cyber homeschooling as an option. I don't see any reason why he can't choose that option. I am sorry he stopped doing it. I don't think it's indicative of anything and it's certainly not an abuse of power. The man pays PA property taxes. He's got a right to have his children schooled in that manner.
E-Loan currently has an offer-
30 year amortization, 10 year balloon payment-
Right @ 3000 a month.
I would bet in 2002, Santorum got a better % rate, probably with a 5 year balloon payment.
Don't know about VA escrow but would bet he's paying less than $3,000 a month. Easy on household income of above $200,000.
It doesn't say that it's a standard mortgage with a five year balloon. If that's the case, then why go to this bank, he should have been able to swing that loan with a bank that he has no other involvement with. However, with a private bank like this, it is not unusual for them to make loans that on the surface seem "risky."
"Could YOU do that from another state at taxpayer expense?"
I agree, if it is a 30 year amortization with a 5 year balloon, it's not a problem, but why not just get this from a normal mortgage company. If in fact it's a 5 year mortgage, I don't see how he can swing it. The payments would be over $110K a year and that would be tough on his salary, especially when you consider that there wouldn't be that much interest to deduct.
Then Rick will have NOOOO problems fully disclosing the loan documents and complete terms -- including the interest rate -- and a record of the payments against the amortization schedule for the loan.
And as a fellow conservative, I'd urge him to DO SO QUICKLY!
Historically, it's not the deal that screws these guys, IT'S THE COVER-UP!!!!!
Actually, when a senator loses an election, they usually get a private sector job that pays about five times what their senate salary was.
Why go to this bank? I don't know, ease, friends, you know the loan officer and want him/her to get the commission.
Anyway, I wonder, he gets the loan in 2002 with re-election bid in 2006. He loses, sells the house and makes $500,000 (assuming 643,000 house in 2001 is now worth over a million.) If he wins, re-finance again to make balloon payment. I know I'm making assumptions here but it makes sense. (To me.) :-)
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