Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Binkie The Clown

(7,911 posts)
Thu May 21, 2015, 03:02 PM May 2015

A top GOP 2016 contender is 'living above his means' and...

A top GOP 2016 contender is 'living above his means' and making risky moves with his bank account

A top contender for the Republican presidential nomination cashed out his retirement savings to pay some nagging bills for a broken refrigerator, air-conditioning unit, and his kids' private-school tuition.

According to The Washington Post, Sen. Marco Rubio (R-Florida) sold $68,241 worth of retirement funds in September after bills began piling up at home. It's a risky move since it incurs a significant tax penalty.

“It means that he is probably on some level living above his means, because he is borrowing against his future,” Boston University economist Laurence Kotlikoff told The Post.


continued at link above
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
A top GOP 2016 contender is 'living above his means' and... (Original Post) Binkie The Clown May 2015 OP
Sounds like Bob McDonnell underpants May 2015 #1
Yo Marco! Here's a couple of tips for you. leftofcool May 2015 #2
Well, see, if Rubio can get elected, his MineralMan May 2015 #3
Guess he needs the job, then. n/t malthaussen May 2015 #4

leftofcool

(19,460 posts)
2. Yo Marco! Here's a couple of tips for you.
Thu May 21, 2015, 03:18 PM
May 2015

Put your kids in a public school, don't spend more than you make, and stop using your credit cards.

Latest Discussions»General Discussion»A top GOP 2016 contender ...