Wisconsin Gov. Scott Walker (R) is in some serious debt.
National Journal’s Shane Goldmacher reported Monday that new federal financial documents show that Walker has credit card debts totaling more than $20,000 from two separate cards.
The personal financial disclosure forms filed with the Federal Election Commission also revealed that Walker owes another $100,000 in student-loan debt for his children.
One of the debts is via Barclays and is estimated to be between $10,000 and $15,000. The interest rate on the debt is 27.24%.
The other credit card debt is via Bank of America from 2011. On that debt, Walker also owes between $10,000 and $15,000, with an interest rate of 11.99%.
Walker’s assets, by comparison, are not substantial. In the documents, he listed six investments totaling between $1,000 and $15,000, a life insurance policy, and a deferred compensation plan.
This isn’t the first time that Walker’s reportedly been in debt. The Daily Beast and The Boston Globe both reported back in April that Walker owed Sears up to $50,000 in credit-card debt.
At the time, a spokesperson for Walker’s Our American Revival PAC deflected the insinuation that Walker’s credit card spending was anything outside the norm.
“Over the years, the governor has given $370,000 of his salary back to taxpayers,” AshLee Strong, who is now a Walker campaign spokeswoman, told The Daily Beast. “He has two kids in college, parents who live with him, a mortgage, car payments, and small credit card use. All in all, pretty ordinary stuff.”
In April, The Boston Globe estimated that Walker’s net worth was -$72,500. Walker has often touted his thriftiness on the trail, such as in his stated affinity for Kohl’s.
As reported by Business Insider