Ryan Stone for The New York Times
June 9. 2015
By Stever Eder
...In speeches, (click here) Mr. Rubio, a Florida Republican, spoke of his prudent plan
for using the cash to finally pay off his law school loans, expressing
relief that he no longer owed “a lady named Sallie Mae,” as he once
called the lender.
But
at the same time, he splurged on an extravagant purchase: $80,000 for a
luxury speedboat, state records show. At the time, Mr. Rubio confided
to a friend that it was a potentially inadvisable outlay that he could
not resist. The 24-foot boat, he said, fulfilled a dream....
What is exceptionally odd is the fact he owes money to governments for things like tickets. That doesn't make sense. How does a US Senator who has plenty of money to throw around not pay infractions in the law?
...In the past week, he suffered a new loss when he sold his second home in Florida’s capital, Tallahassee, for $18,000 less than he and a friend paid for it a decade ago. The house had previously faced foreclosure after Mr. Rubio and his friend failed to make mortgage payments for five months....
This is a little more than traffic tickets. There are many people that own more than one home and manage them just fine. None of this makes sense. A US Senator has all the amenities as any person with accumulated wealth, but, there are these strange inconsistencies.
Is Senator Rubio indirectly stating he simply didn't bother with the financial details of his life or does he actually have sincere misunderstanding of the definition of wealth? Wealth occurs when there is a positive balance every year one has to pay taxes from, including state taxes. Mortgages are one of those really good items that stem paying higher tax rates. So, I think Senator Rubio can understand why all this inconsistent financial behavior is more a suspicion to many of the electorate rather than a simple annoyance.
Questionable finances may not worry Republicans. After all US House member Joe Walsh came to office owing tens of thousands of US in child support. I guess anything is possible.
I am fairly sure boats can be used as a second home. Probably even speed boats.
What is exceptionally odd is the fact he owes money to governments for things like tickets. That doesn't make sense. How does a US Senator who has plenty of money to throw around not pay infractions in the law?
...In the past week, he suffered a new loss when he sold his second home in Florida’s capital, Tallahassee, for $18,000 less than he and a friend paid for it a decade ago. The house had previously faced foreclosure after Mr. Rubio and his friend failed to make mortgage payments for five months....
This is a little more than traffic tickets. There are many people that own more than one home and manage them just fine. None of this makes sense. A US Senator has all the amenities as any person with accumulated wealth, but, there are these strange inconsistencies.
Is Senator Rubio indirectly stating he simply didn't bother with the financial details of his life or does he actually have sincere misunderstanding of the definition of wealth? Wealth occurs when there is a positive balance every year one has to pay taxes from, including state taxes. Mortgages are one of those really good items that stem paying higher tax rates. So, I think Senator Rubio can understand why all this inconsistent financial behavior is more a suspicion to many of the electorate rather than a simple annoyance.
Questionable finances may not worry Republicans. After all US House member Joe Walsh came to office owing tens of thousands of US in child support. I guess anything is possible.
I am fairly sure boats can be used as a second home. Probably even speed boats.