Hardliners in Debt Talks Have Debt Problems of Their Own

Senator Mike Lee

Republican Senator Mike Lee of Utah.

So only a crackpot would question hypocrisy? Looks like the Tea Party is projecting a bit. CNN reports:

They’re hard-charging, compromise-damning members of Congress, and they’ve changed the debate in Washington over the size and spending of the government.

In recent days, Republican hard-liners in the debt ceiling talks have been vociferous in their rhetoric.

At a tea party rally, Sen. Mike Lee of Utah said his faction needs to push forward a balanced budget amendment and other measures “… in order to save our country from a Congress that for decades has been burying our children and our grandchildren, both born and unborn, under a mountain of debt.”

But according to recently released disclosure forms, Lee and others in his caucus have some significant personal debt of their own.

The documents — annual personal financial disclosure forms that were released in June — show that Lee had amassed at least $15,000 in credit card debt and had a $50,000 line of credit at a Utah bank as of late last year.

Read more here.

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  • Anon

    stuff like this has become the rule rather then the exception

  • Anon

    stuff like this has become the rule rather then the exception

  • Anonymous

    $65,000 in debt is hardly anything newsworthy. 

  • reubenavery

    $65,000 in debt is hardly anything newsworthy. 

    • Jin The Ninja

      for someone claiming fiscal responsibility, it is.

      • urza9814

        What, you can’t be responsible and take on debt? I guess my parents weren’t acting responsibly when they bought their house (which has since been fully paid for)? I guess they weren’t acting responsibly when they took out a loan for a new car (which was paid off in approximately 6 months)?

        If their debt was to the point where the interest was nearing half of their salary, then yes, it would be a story. That’s about the situation the US is in right now.
        If a pattern could be shown of them living constantly in debt, then yes, it would be a story.
        But fiscal responsibility does not mean never ever taking out a loan. Anyone who thinks it does isn’t living in the real world.

        • Jin The Ninja

          When you look at the REAL  numbers of US debt, you have made my argument for me.

          and not only that, but as a fellow socialist, unless you are buying a house i do not advocate getting a loan. in fact i abhor the idea of interest.

          • urza9814

            What are these REAL numbers?

            And yea, loans aren’t the best idea, they’re a way for the capitalists to ensure those without significant wealth stay that way, but all I’m saying is that it’s not necessarily _irresponsible_ if you know the interest and conditions and such.

          • Jin The Ninja

            http://www.democracynow.org/2011/7/28/richard_wolff_debt_showdown_is_political

            well that is one of several media sources that i saw/read that dispelled the myth of the debt crisis.

            I don’t disagree that loans are sometimes the only way to function in society, i just think they are vastly immoral and yes a way of entrenching a capitalist class/banks. not to mention immensely burdensome on those that take them.

  • Joe

    Considering what that Senator makes his debt to income ratio is no where near the same as the US… Good try though dumb ass.

  • Joe

    Considering what that Senator makes his debt to income ratio is no where near the same as the US… Good try though dumb ass.

    • Jin The Ninja

      ohh touchy touchy.

      righty apologist much?

      • urza9814

        Except he’s 100% correct. If the US federal debt was a small fraction of our annual income, it wouldn’t be an issue at all. Let me know when any senator has so much debt that the interest alone is approaching half of their annual salary. That’s the position the US is in today.

        I hate the tea party as much as any socialist, but this story is bullshit.

        • Jin The Ninja

          well i guess we’ll agree to disagree.

          because anything that has to do with right wing hypocrisy is news-worthy in my view.

  • Anonymous

    ohh touchy touchy.

    righty apologist much?

  • Anonymous

    for someone claiming fiscal responsibility, it is.

  • Anonymous

    Except he’s 100% correct. If the US federal debt was a small fraction of our annual income, it wouldn’t be an issue at all. Let me know when any senator has so much debt that the interest alone is approaching half of their annual salary. That’s the position the US is in today.

    I hate the tea party as much as any socialist, but this story is bullshit.

  • Anonymous

    What, you can’t be responsible and take on debt? I guess my parents weren’t acting responsibly when they bought their house (which has since been fully paid for)? I guess they weren’t acting responsibly when they took out a loan for a new car (which was paid off in approximately 6 months)?

    If their debt was to the point where the interest was nearing half of their salary, then yes, it would be a story. That’s about the situation the US is in right now.
    If a pattern could be shown of them living constantly in debt, then yes, it would be a story.
    But fiscal responsibility does not mean never ever taking out a loan. Anyone who thinks it does isn’t living in the real world.

  • Anonymous

    When you look at the REAL  numbers of US debt, you have made my argument for me.

  • Anonymous

    well i guess we’ll agree to disagree.

    because anything that has to do with right wing hypocrisy is news-worthy in my view.

  • Anonymous

    What are these REAL numbers?

    And yea, loans aren’t the best idea, they’re a way for the capitalists to ensure those without significant wealth stay that way, but all I’m saying is that it’s not necessarily _irresponsible_ if you know the interest and conditions and such.

  • Anonymous

    http://www.democracynow.org/2011/7/28/richard_wolff_debt_showdown_is_political

    well that is one of several media sources that i saw/read that dispelled the myth of the debt crisis.

    I don’t disagree that loans are sometimes the only way to function in society, i just think they are vastly immoral and yes a way of entrenching a capitalist class/banks. not to mention immensely burdensome on those that take them.

  • Mamagriff50

    The Tea Party slogan should be “Do as I say, Not as I do”.

  • Mamagriff50

    The Tea Party slogan should be “Do as I say, Not as I do”.

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