Tuesday, November 22, 2016

Scott Walker - Financial Dilettante

By Jeff Simpson

Today Scott Walker tweeted this:

 Gov. Scott Walker of Wisconsin (R) is in some serious debt.National Journal's Shane Goldmacher reported Monday that new federal financial documents showed that Walker had credit-card debts totaling more than $20,000 from two separate cards.
The personal financial disclosure forms filed with the Federal Election Commission also revealed that Walker owed another $100,000 in student-loan debt for his children.
One of the debts is via Barclays and is estimated to be between $10,000 and $15,000. The interest rate on the debt is 27.24%.
The other credit-card debt is via Bank of America from 2011. On that debt, Walker also owes between $10,000 and $15,000, with an interest rate of 11.99%.
Walker's assets, by comparison, are not substantial. In the documents, he listed six investments totaling between $1,000 and $15,000, a life-insurance policy, and a deferred compensation plan.
This isn't the first time Walker has reportedly been in debt. The Daily Beast and The Boston Globe both reported back in April that Walker owed Sears up to $50,000 in credit-card debt.

Who the hell buys $50,000 worth of crap from Sears?   Seriously?  
Facing an estimated $1 million in debt from his failed presidential campaign, Gov. Scott Walker is now soliciting donations to pay it off.
The Wisconsin governor dropped out of the 2016 presidential race in September, and campaign finance reports released last month showed his short-lived campaign raised $7.4 million but spent money as quickly as it came. Those reports showed the campaign burned through about $90,000 a day, in part due to exorbitant salaries paid to a massive staff.
Wisconsin state revenues are projected to fall $693 million short of what state agencies have requested for the 2017-19 budget, Gov. Scott Walker's administration said Monday.

Maybe, just maybe, Scott Walker is not the person we want to be getting financial advice from.

As a matter of fact, as Capper pointed out before, Mr. Walker is not someone we want to be getting Christmas List advice for the kids from either!


  1. SEARS?

    Just wait til Trump begins to dismantle the Dept of Education and toss it all to the States to cover his deficit.
    Excrement? Meet fan!

  2. In other words, Jeff, Scott Walker is just like 99% of his fellow Badgers. Thanks for making his point: I can't afford everything I want, you can't afford everything you want, Wisconsin can't afford everything it may want.

    1. Actually Dave his massive credit card debt shows that he doesnt live within his means. His massive WI Debt shows he cant govern within his means.