Wisconsin governor Scott Walker is in some serious debt.
National Journal’s Shane Goldmacher is reporting that new federal financial documents show that Walker has credit card debts totaling more than $US20,000 from two separate cards.
The financial disclosures also revealed that Walker owes another $US100,000 in student loan debt for his children.
One of the debts is via Barclays and is estimated to be between $US10,000 and $US15,000. The interest rate on the debt is 27.24 per cent.
The other credit card debt is via Bank of America from 2011. On that debt, Walker also owes between $US10,00 and $US15,000 with an interest rate of 11.99 per cent.
Walker’s assets, by comparison, are not substantial. In the documents, he listed six investments totaling between $US1,000 and $US15,000, a life insurance policy, and a deferred compensation plan.
At the time, a spokesperson for Walker’s Our American Revival PAC deflected the insinuation that Walker’s credit card spending was anything outside the norm.
“Over the years, the governor has given $US370,000 of his salary back to taxpayers,” spokesperson AshLee Strong told The Daily Beast. “He has two kids in college, parents who live with him, a mortgage, car payments, and small credit card use. All in all, pretty ordinary stuff.”
In April, The Boston Globe estimated that Walker’s net worth was -$US72,500.
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