Newsweek: McCains Default On Home Taxes For Four Years, Face Penalties

And this man is asking us to trust him with our economy? Newsweek: When you're poor, it can be hard to pay the bills. When you're rich, it's hard

And this man is asking us to trust him with our economy?

Newsweek:

When you're poor, it can be hard to pay the bills. When you're rich, it's hard to keep track of all the bills that need paying. It's a lesson Cindy McCain learned the hard way when NEWSWEEK raised questions about an overdue property-tax bill on a La Jolla, Calif., property owned by a trust that she oversees. Mrs. McCain is a beer heiress with an estimated $100 million fortune and, along with her husband, she owns at least seven properties, including condos in California and Arizona.

San Diego County officials, it turns out, have been sending out tax notices on the La Jolla property, an oceanfront condo, for four years without receiving a response. County records show the bills, which were mailed to a Phoenix address associated with Mrs. McCain's trust, were returned by the post office. According to a McCain campaign aide, who requested anonymity when discussing a private matter, an elderly aunt of Mrs. McCain's lives in the condo, and the bank that manages the trust has not been receiving tax bills on the property. Shortly after NEWSWEEK inquired about the matter, the McCain aide e-mailed a receipt dated Friday, June 27, confirming payment by the trust to San Diego County in the amount of $6,744.42. County officials say the trust still owes an additional $1,742 for this year, an amount that is overdue and will go into default July 1. Told of the outstanding $1,742, the aide said: "The trust has paid all bills shown owing as of today and will pay all other bills due." Read on...

This situation has nothing to do with the ongoing mortgage foreclosure crisis brought on by 8 years of Republican rule and deregulation, this is about a real failure of personal responsibility on the part of the McCains. I realize that they live an elite life of luxury and privilege and have more money and assets than 99% of Americans will ever know in their lifetime, but this is ridiculous. They didn't pay the taxes on this home for four years. Don't they pay people to pay their bills for them? Is this representative of the way John McCain will run OUR budgets? No matter how much cash they have or how many vacation homes they have to keep track of, it pales in comparison to running the U.S. economy. What a huge embarrassment for the GOP candidate and his party.


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