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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA 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 accountA 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.
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.
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A top GOP 2016 contender is 'living above his means' and... (Original Post)
Binkie The Clown
May 2015
OP
underpants
(182,803 posts)1. Sounds like Bob McDonnell
Just sayin'
leftofcool
(19,460 posts)2. Yo Marco! Here's a couple of tips for you.
Put your kids in a public school, don't spend more than you make, and stop using your credit cards.
MineralMan
(146,308 posts)3. Well, see, if Rubio can get elected, his
all his "trials soon be over."
malthaussen
(17,195 posts)4. Guess he needs the job, then. n/t