McCain, Obama on pocketbook issues — their own
WASHINGTON – If the way someone runs their household accounts is any indication of how they would run the federal government’s, voters might want to look at the financial disclosure statements released Friday by White House contenders John McCain and Barack Obama.
Presumptive Republican presidential nominee McCain has earned a reputation in the U.S. Congress as a conservative fiscal watchdog.
Yet he and his wife, Cindy, racked up at least $210,000 in credit card debt last year, according to his Senate financial disclosure form.
While the McCains are multimillionaires, the form showed that in 2007 they had a joint credit card with between $10,001 and $15,000 in debt.
Cindy McCain also had two cards solely in her name, each with a debt of $100,001 to $250,000.
The couple’s assets, including retirement funds, college savings accounts for their two daughters and other assets, were valued in the range of about $1.9 million to $7.2 million.
The financial activity for both candidates was in addition to their annual Senate salaries of $169,300.
Photo credits: Top: Reuters/Shannon Stapleton (McCain speaks in New York June 12)Bottom: Reuters/Allen Fredrickson (Obama answers questions in Wisconsin June 12)