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Should Marco Rubio's Spending Be An Issue?

It's been disclosed that Marco Rubio cashed out his IRA to cover expenses at home, and faces financial penalties for doing so. Should the Florida Senator and Republican candidate's spending habits be a concern?

67% of writers and pundits say yes
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Should Marco Rubio's Spending Be An Issue?  

Writers and pundits who say or about the topic, "Should Marco Rubio's Spending Be An Issue?"
last 24 hours | washingtonpost
Marco Rubio, like a lot of Americans, is terrible with money - Washington Post

"...Rubio has been talking more openly about his struggles on the campaign trail, using the story to relate to voters. His campaign says that the boat was a fishing boat and that he isn't like other presidential candidates who came from wealth. The son of Cuban immigrants his father was a bartender and his mother was a hotel maid he didn't grow up with a lot of money, he says. Like most Americans, I know what it's like for money to be a limited resource and to have to manage it accordingly, he told the Times in a statement.Are his mistakes really that different from that of other people who are struggling to pay off student loans, raise their families and pay their mortgages? Here's what some of the numbers say...." see full article


891 days ago | news.investors
Marco Rubio Buys A Refrigerator
"...The evidence? The 43-year-old senator borrowed $68,241 from his own 401(k) retirement account so he could fix the air conditioner in his Florida home, cover the $40,000 private-school tuition bill for his four kids and the ultimate extravagance buy a $3,000 refrigerator.Don't know about you, but all this profligacy seems pretty normal to us, given how the Obama economy forces most Americans to live paycheck to paycheck, occasionally juggling accounts to make ends meet. That's how ordinary people live.The story is actually interesting for the issue it completely misses: That Rubio apparently has no connection with the political-cash culture that is Washington. What passes for normalcy there is the "legal graft" we see all too often: Congress members of modest means entering office and somehow, some way departing as millionaires...." see full article


910 days ago | tampabay
Marco Rubio's financial wizardry
"...Young Master Rubio is running for president, which means in addition to being commander in chief, he would be responsible for implementing the nation's economic policy. This would be like appointing New Jersey Gov. Chris Christie as the U.S. surgeon general.All in all, it is good to be Marco Rubio. But not quite good enough.Even with a joint income of $250,000 and lucrative publishing deals, Rubio revealed he had to cash out a retirement account worth about $68,000 because he needed "access to cash."..." see full article


910 days ago | breitbart
IS MARCO RUBIO BROKE?
"...As Rubio runs for president, newly disclosed personal finance details have drawn fresh attention to a long-running problem during his political career: his struggles with money.Rubio is one of the least wealthy senators or presidential candidates, offering a potential contrast with rivals such as Hillary Rodham Clinton (D), who charges eye-popping sums to deliver speeches, and Jeb Bush (R), who comes from a well-heeled family.But the problem isn't so much his income; it's his spending. Over the years, Rubio's spending habits have drawn regular scrutiny from opponents and have put him in an uncomfortable spot. ..." see full article


910 days ago | ecreditdaily
Marco Rubios Baffling, Costly Choice of Cashing Out His $68,000 IRA
"...In a Congress where most lawmakers are millionaires, Rubio's income is fairly low. However, by the standards of the typical American Household, he's doing pretty well. According to his financial disclosure form, in 2014 Rubio made $174,000 from his Senate salary and $52,000 from book royalties and his adjunct professorship at Florida International University.Meanwhile, Rubio's critics have pounced on these financial revelations. They've pointed out that while Rubio makes irresponsible federal spending a big campaign issue, he has had trouble managing his own debt and household budget. The Senator just recently paid off his student loan payments, and is still in the red as he pays down several mortgages...." see full article


910 days ago | businessinsider
A top GOP 2016 contender is 'living above his means' and making risky moves ... - Business Insider

"...Critics have also noted that, while Rubio rails against irresponsible federal spending, he has had trouble managing his own debt. The Senator only recently wrapped up his student loan payments, and is still in the red as he pays down several mortgages. As the Post reports, Rubio's purchase of one of those homes was probably a bad investment the home was recently listed at $10,000 less than it was bought for in 2005.In a Congress where most lawmakers are millionaires, Rubio's income is fairly low. According to his financial disclosure form, in 2014 Rubio made $174,000 from his Senate salary and $52,000 from book royalties and his adjunct professorship at Florida International University. As The Post notes, this makes him one of the poorest members of Congress, ranking 456 out of 538 in Roll Call's list of the wealthiest lawmakers...." see full article



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Topical Winds shows the latest stats on how writers and pundits view controversial topics in the areas of politics, world events, sports, and entertainment. Topics will also include conventional wisdom, celebrity news, latest news in the world, afghanistan breaking news, breaking news worldwide, world news latest breaking news, and world current news.Who is going to win the Presidency? Which candiates are going to flame out early? What will the Senate and Congress do? Who will win key local elections? Topics cover key figures such as Barak Obama, Hillary Clinton, and more.Political topics include current political issues, political articles, latest political news, cnn breaking news, and cnn news latest.
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