The Sanders Made $200K in 2014 But Net Worth Just $500K??

[theDoctorisIn]

Some people use their credit cards to pay for everything then pay off their card every month for rewards points or miles.

Paying off $65K of CC charges each month is quite a feat when one earns only $200K per year. If Bernie can pull that off, he's a Financial GEEEENNNNIIIIUUUUSSSSS.

Where does it say he was paying $65k of credit card payments every month? I never said that. The $65k could have been broken down through the year.

If he declared it as debt, then it had accumulated and he was living way beyond his means.

No, that's not how the disclosure forms work.

On the forms, one must declare all debt that was owed at any time within the year. It does not mean "current" debt.

Uh, yes, it is. It's the level of debt that totals more than $10,000 at any time during the year.

If Sanders used his Credit Card account as a revolving of credit and had a balance of $5K to $6K on a monthly basis, it would not count as $65K of debt.

Top Liabilities, 2014 | OpenSecrets

Did you read the article in the OP?

The debt came from two weddings that he charged to his cards, and then paid back.

 

[BluesLegend]

70+ years old and his net worth is a messily $500k including his house??? Without his public dole pension the guy would have to retire to a trailer park.

What's your net worth, cowboy?

With or without the new BMW I just custom ordered?

A vehicle is a liability, not an asset.

This has been today's free finance lesson.

I have to do something with all the cash piling up. Seriously I got my Vin# yesterday

Congratulations. I wouldn't have bought a Beemer, but nevertheless enjoy the ride.

What model did you buy?

Don't mock me but...an X5 xDrive 35i (face palm). I know its kind of a woman's vehicle but for health reasons I needed something comfortable and not too low or too high off the ground.

 

[Remodeling Maidiac]

Buy American you fucktards!

 

[BluesLegend]

From your link in the OP:

On a separate disclosure form required of presidential candidates, Sanders reported having between $25,000 and $65,000 in credit card debt at some point during the past year.

Sanders spokesman Michael Briggs said the debt was related to weddings of a daughter and niece and that Sanders and his wife had since paid the balance on the two credit cards down to zero.

“Like a lot of Americans, they use credit cards to pay everyday expenses,” Briggs said.


You were saying?

Makes $200k and can't write a check for a wedding? My case validated.

70+ years old and his net worth is a messily $500k including his house??? Without his public dole pension the guy would have to retire to a trailer park.

I hear strippers are plentiful in those parks. Might not be a bad place to retire for an old man!

In this day and age a couple can't really retire on a net worth of $500k when most of that is tied up in a house. I guess that's why he's still working, if you can call being a member of congress a real job.

He's going to get a PENSION, which will be much bigger if he becomes President.

The guy has lived his life paycheck to paycheck, clearly.

 

[theDoctorisIn]

What's your net worth, cowboy?

With or without the new BMW I just custom ordered?

A vehicle is a liability, not an asset.

This has been today's free finance lesson.

I have to do something with all the cash piling up. Seriously I got my Vin# yesterday

Congratulations. I wouldn't have bought a Beemer, but nevertheless enjoy the ride.

What model did you buy?

Don't mock me but...an X5 xDrive 35i (face palm). I know its kind of a woman's vehicle but for health reasons I needed something comfortable and not too low or too high off the ground.

Not exactly the style of car I'd have guessed for you, but that's cool. I can understand the health aspects of it, and comfort is always important.

I'd have guessed either a full-size pickup, or a big-ass land yacht of a sedan.

 

[Remodeling Maidiac]

Makes $200k and can't write a check for a wedding? My case validated.

70+ years old and his net worth is a messily $500k including his house??? Without his public dole pension the guy would have to retire to a trailer park.

I hear strippers are plentiful in those parks. Might not be a bad place to retire for an old man!

In this day and age a couple can't really retire on a net worth of $500k when most of that is tied up in a house. I guess that's why he's still working, if you can call being a member of congress a real job.

He's going to get a PENSION, which will be much bigger if he becomes President.

The guy has lived his life paycheck to paycheck, clearly.

Most Americans do.

 

[boedicca]

Makes $200k and can't write a check for a wedding? My case validated.

70+ years old and his net worth is a messily $500k including his house??? Without his public dole pension the guy would have to retire to a trailer park.

I hear strippers are plentiful in those parks. Might not be a bad place to retire for an old man!

In this day and age a couple can't really retire on a net worth of $500k when most of that is tied up in a house. I guess that's why he's still working, if you can call being a member of congress a real job.

He's going to get a PENSION, which will be much bigger if he becomes President.

The guy has lived his life paycheck to paycheck, clearly.

Not if he has amassed $500K of positive net worth.

 

[BluesLegend]

Buy American you fucktards!

ALL BMW X vehicles including the X5 are manufactured in a 5 million square foot factory in South Carolina. And when I say all I mean they export 60% of the vehicles built there to the rest of the world. That's buy American in my book, meanwhile Ford and Chrysler are building their stuff in Mexico.

 

[Weatherman2020]

Credit card debt a regular feature on Sanders' finance reports

Have a nice day!

Do you understand what "rotating CC debt" means?

It means that he charges things to his CC, then pays them off. Not the lies that you've posted in this thread.

It's hilarious to me that one such as yourself, who babbles on and on about "morality", would rather lie than simply admit you were wrong.

Nope. His debt is unpaid at the end of the month, that's why it's a debt. Try reading the link.

"Such debt also isn't uncommon for members of Congress. In 2011, 76 members reported credit card debt above the reporting threshold of $10,000, according to a 2013 report by OpenSecrets.org.

Sanders' Visa balances have fluctuated in recent years. He has consistently reported loans, lines of credit or credit card balances as liabilities on most of his earlier financial disclosure reports."

I did read the link, and it doesn't support your repeated lies. You're not understanding how these disclosure forms work.

Sanders didn't declare his "current" debt - he declared debt that he owed at some point during that year.

I've filled out the California version of that form for 20 years, I know exactly how it works.

Apparently, you don't.

What is the "California version" of the Senate Ethics Committee disclosure forms, exactly?

It's called Form 700. Everyone from Jerry Brown to little old me had to complete it every year.

 

[BluesLegend]

70+ years old and his net worth is a messily $500k including his house??? Without his public dole pension the guy would have to retire to a trailer park.

I hear strippers are plentiful in those parks. Might not be a bad place to retire for an old man!

In this day and age a couple can't really retire on a net worth of $500k when most of that is tied up in a house. I guess that's why he's still working, if you can call being a member of congress a real job.

He's going to get a PENSION, which will be much bigger if he becomes President.

The guy has lived his life paycheck to paycheck, clearly.

Not if he has amassed $500K of positive net worth.

Go consult a financial planner then return to this thread.

 

[boedicca]

I hear strippers are plentiful in those parks. Might not be a bad place to retire for an old man!

In this day and age a couple can't really retire on a net worth of $500k when most of that is tied up in a house. I guess that's why he's still working, if you can call being a member of congress a real job.

He's going to get a PENSION, which will be much bigger if he becomes President.

The guy has lived his life paycheck to paycheck, clearly.

Not if he has amassed $500K of positive net worth.

Go consult a financial planner then return to this thread.

People who live paycheck to paycheck don't save enough to pay the property taxes and insurance that allow them to stay in a house and to build equity.

And thank you for your concern, but I'm quite happy with my personal financial plan and progress.

 

[Weatherman2020]

I don't want some fool with $65k of credit card debt in the White House holy shit.

The "with $65K of credit card debt" is rather superfluous, hun.

The guys a retard if he has that kind of credit card debt.

Some people use their credit cards to pay for everything then pay off their card every month for rewards points or miles.

Paying off $65K of CC charges each month is quite a feat when one earns only $200K per year. If Bernie can pull that off, he's a Financial GEEEENNNNIIIIUUUUSSSSS.

Where does it say he was paying $65k of credit card payments every month? I never said that. The $65k could have been broken down through the year.

Sigh. Debt is money unpaid.

Bernie Sanders' wife accounts for all his reported assets

 

[BluesLegend]

With or without the new BMW I just custom ordered?

A vehicle is a liability, not an asset.

This has been today's free finance lesson.

I have to do something with all the cash piling up. Seriously I got my Vin# yesterday

Congratulations. I wouldn't have bought a Beemer, but nevertheless enjoy the ride.

What model did you buy?

Don't mock me but...an X5 xDrive 35i (face palm). I know its kind of a woman's vehicle but for health reasons I needed something comfortable and not too low or too high off the ground.

Not exactly the style of car I'd have guessed for you, but that's cool. I can understand the health aspects of it, and comfort is always important.

I'd have guessed either a full-size pickup, or a big-ass land yacht of a sedan.

Ahem (cough) I'm trading in my 4x4 V8 pick up. lol FINE I fit the redneck conservative stereotype sue me!

 

[theDoctorisIn]

Do you understand what "rotating CC debt" means?

It means that he charges things to his CC, then pays them off. Not the lies that you've posted in this thread.

It's hilarious to me that one such as yourself, who babbles on and on about "morality", would rather lie than simply admit you were wrong.

Nope. His debt is unpaid at the end of the month, that's why it's a debt. Try reading the link.

"Such debt also isn't uncommon for members of Congress. In 2011, 76 members reported credit card debt above the reporting threshold of $10,000, according to a 2013 report by OpenSecrets.org.

Sanders' Visa balances have fluctuated in recent years. He has consistently reported loans, lines of credit or credit card balances as liabilities on most of his earlier financial disclosure reports."

I did read the link, and it doesn't support your repeated lies. You're not understanding how these disclosure forms work.

Sanders didn't declare his "current" debt - he declared debt that he owed at some point during that year.

I've filled out the California version of that form for 20 years, I know exactly how it works.

Apparently, you don't.

What is the "California version" of the Senate Ethics Committee disclosure forms, exactly?

It's called Form 700. Everyone from Jerry Brown to little old me had to complete it every year.

Then I'm sure you know that Form 700 does not require disclosure of credit card debt at all.

So it's not exactly the same thing, is it?

 

[Weatherman2020]

Paying off $65K of CC charges each month is quite a feat when one earns only $200K per year. If Bernie can pull that off, he's a Financial GEEEENNNNIIIIUUUUSSSSS.

Where does it say he was paying $65k of credit card payments every month? I never said that. The $65k could have been broken down through the year.

If he declared it as debt, then it had accumulated and he was living way beyond his means.

No, that's not how the disclosure forms work.

On the forms, one must declare all debt that was owed at any time within the year. It does not mean "current" debt.

Uh, yes, it is. It's the level of debt that totals more than $10,000 at any time during the year.

If Sanders used his Credit Card account as a revolving of credit and had a balance of $5K to $6K on a monthly basis, it would not count as $65K of debt.

Top Liabilities, 2014 | OpenSecrets

Did you read the article in the OP?

The debt came from two weddings that he charged to his cards, and then paid back.

And later links shows he has always carried huge credit card debts. Stop with the lies.

 

[Remodeling Maidiac]

Buy American you fucktards!

ALL BMW X vehicles including the X5 are manufactured in a 5 million square foot factory in South Carolina. And when I say all I mean they export 60% of the vehicles built there to the rest of the world. That's buy American in my book, meanwhile Ford and Chrysler are building their stuff in Mexico.

And where do the profits go for those bmw's?

 

[BluesLegend]

In this day and age a couple can't really retire on a net worth of $500k when most of that is tied up in a house. I guess that's why he's still working, if you can call being a member of congress a real job.

He's going to get a PENSION, which will be much bigger if he becomes President.

The guy has lived his life paycheck to paycheck, clearly.

Not if he has amassed $500K of positive net worth.

Go consult a financial planner then return to this thread.

People who live paycheck to paycheck don't save enough to pay the property taxes and insurance that allow them to stay in a house and to build equity.

And thank you for your concern, but I'm quite happy with my personal financial plan and progress.

Oh come on the guy earns $200k a year, lets say the fool's house is worth $300k so he's managed to save at most 1 years salary for retirement that's freaking horrible.

 

[theDoctorisIn]

The "with $65K of credit card debt" is rather superfluous, hun.

The guys a retard if he has that kind of credit card debt.

Some people use their credit cards to pay for everything then pay off their card every month for rewards points or miles.

Paying off $65K of CC charges each month is quite a feat when one earns only $200K per year. If Bernie can pull that off, he's a Financial GEEEENNNNIIIIUUUUSSSSS.

Where does it say he was paying $65k of credit card payments every month? I never said that. The $65k could have been broken down through the year.

Sigh. Debt is money unpaid.

Bernie Sanders' wife accounts for all his reported assets

You can link to as many different versions of the story as you want, it's not going to change the fact that you're still lying through your teeth.

 

[BluesLegend]

Buy American you fucktards!

ALL BMW X vehicles including the X5 are manufactured in a 5 million square foot factory in South Carolina. And when I say all I mean they export 60% of the vehicles built there to the rest of the world. That's buy American in my book, meanwhile Ford and Chrysler are building their stuff in Mexico.

And where do the profits go for those bmw's?

Just admit you were wrong to question my made in America loyalty.

 

[Weatherman2020]

Nope. His debt is unpaid at the end of the month, that's why it's a debt. Try reading the link.

"Such debt also isn't uncommon for members of Congress. In 2011, 76 members reported credit card debt above the reporting threshold of $10,000, according to a 2013 report by OpenSecrets.org.

Sanders' Visa balances have fluctuated in recent years. He has consistently reported loans, lines of credit or credit card balances as liabilities on most of his earlier financial disclosure reports."

I did read the link, and it doesn't support your repeated lies. You're not understanding how these disclosure forms work.

Sanders didn't declare his "current" debt - he declared debt that he owed at some point during that year.

I've filled out the California version of that form for 20 years, I know exactly how it works.

Apparently, you don't.

What is the "California version" of the Senate Ethics Committee disclosure forms, exactly?

It's called Form 700. Everyone from Jerry Brown to little old me had to complete it every year.

Then I'm sure you know that Form 700 does not require disclosure of credit card debt at all.

So it's not exactly the same thing, is it?

It's 20 pages that includes where every penny you have is.