Thursday, December 11, 2008

Rod Blagojevich, deadbeat

He owes more than $500,000 in unpaid legal bills and is over-leveraged on two homes:
Mr. Blagojevich, a Democrat, earns about $177,000 a year as governor. He and his wife own a house in Chicago and a condominium unit in Washington.
They bought the condo in the Waterford complex in 1997, taking out a $155,000 mortgage, according to the District of Columbia Recorder of Deeds. In 2005, the Blagojeviches refinanced, taking out a mortgage for $233,000. Real-estate Web site Zillow.com estimates the home is worth $547,000.
In Chicago, in 1999, the Blagojeviches took out a construction mortgage for $509,000, according to records from the Cook County Recorder of Deeds. They have refinanced the home several times, most recently taking out a $524,000 mortgage in 2004 and a second mortgage in late 2007 for $170,000. Zillow.com estimates the home is worth $939,000.
As I've said before, Democrats will tolerate politicians who are greedy and dishonest, it's greedy, dishonest and stupid they can't forgive. And Blago's about six different kinds of stupid.

Hey, now that I'm thinking about it, wouldn't an annual salary of $177,000 put Blagojevich in that "top 5 percent" whose taxes Obama promised to raise?

1 comment:

  1. Don't forget all the real estate commissions the little wife "earns".

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