:By Jeff Simpson
Scott Walker finally sold his house in Wauwatosa, thus allowing him to completely live on the taxpayers dime. Scott Walker moved his parents in to shield himself from protesters during his takeover of the state and recently moved them out.
However, in selling his house in this middle upper class neighborhood, he had to face some harsh realities. That the Walker economy is not one that is very beneficial for personal financial success and that no one is in a hurry to move into Wisconsin.
The Walkers, who paid $310,000 for the house in 2007 and sold it for $323.500 recently. To no ones surprise, Scott Walker could not get the assessed value($359,900) of his house. The person who buys his house will get the pleasure of paying $8,263 in taxes. Thank Goodness for Walkers tax cuts or else it would be $8,266.
He could not even get a rich donor to pony up a a half million to buy his house like a good Republican would, is he falling out of favor with the bosses?
What should we expect though from a person who is economically illiterate as Scott Walker anyway? Everything he has touched has turned to fool's gold.
As Jud Lounsbury reports in the Progressive, Walker is still drowning in debt:
However, according to Walker’s most recent Statement of Economic Interests (SEI), filed for the year of 2015, thatstatement wasn’t exactly true.In fact, since the time Walker made the comment that his personal finances were improving, they have actually gotten worse.According to the latest SEI, Walker still owes somewhere between $10,000 and $100,000 in high-interest credit card debt and has three conventional bank loans totaling well over $100,000, but he also added a fourth bank loan to his family: A Wells Fargo loan that is defined as being between $5,000 and $50K.(Oh, and just for fun, I went back and looked at Walker’s previous pre-2014 SEI and—are you sitting down?—he’s had most of this “temporary” debt, including high interest credit card balances, for years now.)
With Walker's poor personal financial history, and massive personal debt, he would not be able to pass a background check to be hired at a financial institution and yet we trust him with our future?
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