Despite a combined income of over $300,000 a year Brett Kavanaugh and his wife reported between $50,000 and $200,000 of credit card and other unsecured debt in 2016, debt that either went away or fell below reporting guidelines in 2017, according to The Washington Post.
‘Supreme Court nominee Brett M. Kavanaugh incurred tens of thousands of dollars of credit card debt buying baseball tickets over the past decade and at times reported liabilities that could have exceeded the value of his cash accounts and investment assets, according to a review of Kavanaugh’s financial disclosures and information provided by the White House.
White House spokesman Raj Shah told The Washington Post that Kavanaugh built up the debt by buying Washington Nationals season tickets and tickets for playoff games for himself and a “handful” of friends. Shah said some of the debts were also for home improvements.
Kavanaugh’s most recent financial disclosure forms reveal assets between $15,000 and $65,000, which would put him at the bottom of the financial ranking of justices, most of whom list well over $1 million in assets. The value of residences is not subject to disclosure, and Shah added that Kavanaugh has a government retirement account worth nearly half a million dollars that also was not required to be disclosed. (snip)
In 2016, Kavanaugh reported having between $60,000 to $200,000 in debt accrued over three credit cards and a personal loan. Each credit card held between $15,000 to $50,000 in debt, and a Thrift Savings Plan loan was between $15,000 to $50,000.
The credit card debts and loan were either paid off or fell below the reporting requirements in 2017, according to the filings, which do not require details on the nature or source of such payments. Shah told The Post that Kavanaugh’s friends reimbursed him for their share of the baseball tickets and that the judge has since stopped purchasing the season tickets.”
Now, there may not be anything nefarious going on with this debt, though up to $200,000 in high interest loans for baseball tickets seems a little on the spendthrift side.
And I’d kinda like to know how it was paid off in one year….