The NY Times notes some interesting results of financial disclosure forms by presidential candidates:
Representative Duncan Hunter, Republican of California, reported assets worth hundreds of thousands of dollars but also said he owed more than $30,000 in car loans and more than $75,000 in credit card debt.
There are two ways to read this:
a) for a decade Congress has been run by people like Duncan Hunter who are too dumb to understand that $75K in credit card debt is a financial disaster, and equally too dumb to understand that pile-driving the budget into the ground by combining an expensive war, a moronic new Medicare benefit, and giant tax cuts is a financial disaster.
b) is even more depressing. For a decade Congress has been run by people who don't care about running debts up while in office, because they know their special-interest buddies will lavish them with rewards for their toadying once they've done their duty and graduate to the private sector.
The Times being the Times, of course they focused the article on the fact that some of the candidates are rich.