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Thread: Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing Nationals tickets, Whi

  1. #51
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    Re: Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing Nationals tickets,

    Quote Originally Posted by Slyfox696 View Post
    I didn't think so, but perhaps I did. I apologize if I did.
    Uhh, the World Cup is on...
    No big deal. Maybe I was short on clarity.


    Quote Originally Posted by Slyfox696 View Post
    But if he was paid back for the tickets, as said, then $320,000 would be more than enough. And people take out student loans all the time, including parents.
    If he was paid back, OK.

    Parents would surely prefer to help their children avoid graduating with a $100k+ debt burden.

    Quote Originally Posted by Slyfox696 View Post
    Again, it's not at all inconceivable that making $320,000 a year for over a decade would allow him to pay back debts, especially if his buddies started paying their share as well, even with all the things you've mentioned. And the $68k seems a little suspect given we know how much his current position pays and real-estate is usually considered an asset. I'm a public school teacher and worth more than that (though I don't have loans or debts beside house).

    Where did you read that?
    The ~$68k figure is all over the place. Google "Kavanaugh net worth".

    An NYT article reports that the ~$68 does not include retirement account assets of as much as $500k, and does not include home equity. Such assets are not freely liquid, however.

  2. #52
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    Re: Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing Nationals tickets,

    Quote Originally Posted by USViking View Post
    An NYT article reports that the ~$68 does not include retirement account assets of as much as $500k, and does not include home equity. Such assets are not freely liquid, however.
    Okay, well then that makes more sense but also makes less sense. How one can claim someone's net worth doesn't include all of their assets (minus liabilities) is rather puzzling and unconventional. Furthermore, I'm curious as to how these people who came up with the $68k came up with their number if it doesn't include property and retirement accounts.

  3. #53
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    Re: Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing Nationals tickets,

    Quote Originally Posted by Slyfox696 View Post
    Okay, well then that makes more sense but also makes less sense. How one can claim someone's net worth doesn't include all of their assets (minus liabilities) is rather puzzling and unconventional. Furthermore, I'm curious as to how these people who came up with the $68k came up with their number if it doesn't include property and retirement accounts.
    "Net worth" may be an inappropriate term here. What we are searching for is a term for freely liquid assets. Early withdrawal from retirement accounts often includes heavy penalty.

    The NYT article reported $65k; I don't recall where I got $68k from, but the difference is not significant.

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