Posted on 08/04/2015 1:45:53 AM PDT by Cincinatus' Wife
Ohio Gov. John Kasich and Sen. Ted Cruz are millionaires. Their Republican primary opponent Scott Walker, the governor of Wisconsin, may be in debt.
The disparity in wealth in the Republican presidential primary was on display Monday, as the Federal Election Commission released personal financial disclosures filed by three of the GOP presidential contenders. The candidates are required to report details about their finances in order to qualify for the first 2016 primary debate, which will be hosted by Fox News in Cleveland on Thursday.
Cruz, who has spent most of his life working in government, listed at least $2.1 million in assets and income, including a $500,000 personal loan to his campaign. At least $440,000 of the Texas senator’s assets are linked to Goldman Sachs, where his wife is an executive. His family also has energy investments worth more than $365,000.
A former congressman, Kasich had a lucrative turn in the private sector before he was elected governor of Ohio. Now in his second term, Kasich worked as a Fox News analyst and an investment banking executive at the financial giant Lehman Brothers before it collapsed. Kasich listed more than $9.1 million in assets and income in his financial disclosure -- including nearly $2 million in tax-free investments, according to the Columbus Dispatch.
As Wisconsin’s governor, Walker earns an annual salary of $144,000 -- nearly three times the state’s median household income. But his financial disclosure shows he has significant debt: at least $100,000 in student loans for his children’s college education, and at least $20,000 in credit card debt. His new report also lists more than $36,000 in assets, as well as a $45,000 advance for his book, "Unintimidated," which was published in 2013. In April, the Boston Globe pegged Walker’s net worth at $72,500.
Walker’s reported assets likely place him at the bottom of the 2016 presidential field in terms of net worth. Real estate mogul Donald Trump has assets worth at least $2.9 billion, according to Bloomberg -- or $10 billion according to his own estimate. Former Florida Gov. Jeb Bush’s advisers said in June that he is worth between $19 million and $22 million. Sen. Marco Rubio (R-Fla.) was worth around $443,000 last year, according to the Boston Globe.
"...Walker has foregone $375,070 in salary since being elected county executive in 2002 -- $5,070 more than what he has claimed during the gubernatorial campaign...."
YouTube 4:31 - Scott Walker talks New Hampshire forum, GOP debate
Washington Post is also reporting on the financial disclosures:
“....Neither campaign lists the salaries of the wives of the candidates. Tonette Walker is listed as working at the American Lung Association......
In 2010, Cruz’s tax returns list the couple making an adjusted gross income of $2 million; Heidi Cruz was promoted to managing director in 2013 and is on leave as her husband runs for president. Ted Cruz makes $174,000 as a United States senator. Cruz reported owing between $15,001 and $100,000 on an American Express card at 15.24 percent interest and between $10,0001 and $15,000 on a Citi card at $17.99 percent interest. He also reports having a margin loan from Goldman Sachs of between $50,001 and $100,000.............”
Frankly, the measure of a guy’s worth....doesn’t really say much to me about the guy. If we were talking about a guy’s failures and five or six bankruptcies....ok....but that’s not the case.
The guy’s resume is the big pole in this tent. A guy with a two-page resume....stands out. When you have some guy with a 3x5 card for a resume and has never managed or done executive action in his life (like President Obama) then you kinda notice the limits in his life. Trump, Cruz, Walker Bush and Kaisch have a minimum of a one-page resume. Rubio, at best, can talk up a 3x5 card resume.
It’s kinda like talking up Hillary. When you ask someone what they’ve been doing the past thirty years and it’s mostly a 3x5 card...like Hillary has.....why would you vote for her?
I can only assume Cruz’ credit card debt is just short term rollover on recent purchases and not actual debt... Otherwise it is just nuts to carry that much debt on a credit card...
There are ways to quickly rack up free flights and hotel stays (double and even triple dipping) by gaming frequent traveler programs and certain credit cards. Of course, it only makes sense if he is in fact promptly paying off the purchases rather than paying those high interest rates by keeping a balance.
It’s sickening to me to see how much some of these guys are worth when all they’ve ever done is work for the government.
Congress can trade on insider knowledge, and they do. They passed a law to supposedly ban it, but then quashed attempts to investigate supposed insider trading...
Yes, it is another illustration of what is wrong with this nation. We do not have a citizen legislature. We have an aristocracy.
And your point?
I mean really do I care? The snarkiness dripping from the article is pathetic
God measures us all on a very different scale. Are we good stewards or not over what He has given or provided and where is our hearts at?
WTF is it with the gratuitous comment about Wisconsin median income? The press is absolutely incapable of playing it straight.
My Linked info in Post #1.
Walker’s getting the “in debt” headline treatment, so I thought that I would give it some balance.
It includes their wife’s assets and income also.
Ted Cruz Ping! okay....I have to admit I am not reading negative articles that are being written because the press hates conservatives
Personally, I don’t care how much they make, who they owe or at what interest rate, as long as they are paying their bills. I’m only interested in my dream team of Christie/Graham. Go Christie, Go Lindsey!!!/s
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