Very strange.... The House Speaker has no bank accounts.

[AU9377 5,575]

The man gets quirkier by the minute.

 

https://www.yahoo.com/news/does-speaker-house-mike-johnson-085009074.html

[CoffeeTiger 5,523]

So this guy brings in almost $200k/year in income...his wife works also.....yet they have no savings account, no retirement accounts, no investments.....?

And this isn't a young guy just getting into the workforce trying to pay off student debts or whatever....he's 51 years old that's had a law degree since the late 90's. 

 

Either he's lying about his finances on these disclosure forms or Mike Johnson is very bad at managing his family budget and finances. In either case, the fact that this is the man who Republicans have picked to try and manage the US budget deficit is...a very Republican thing for them to do. 

 

 

[I_M4_AU 8,600]

There are ways of hiding from the public what assets one has power over.  Trusts are one of those ways, I’m not saying he is using trusts to his advantage, just there are ways.

[AU9377 5,575]

Mike Johnson being Speaker reminds me of river boat gambling getting passed in Mississippi.  Lawmakers distracted everyone by pointing to the evil lottery in other states, while making casinos part of the landscape.  In Johnson's case, Republicans went thru candidates until people were tired and worn down and then snuck in an unhinged freak that many outside of D.C. knew little about.

[jj3jordan 2,125]

2 hours ago, AU9377 said:

Mike Johnson being Speaker reminds me of river boat gambling getting passed in Mississippi.  Lawmakers distracted everyone by pointing to the evil lottery in other states, while making casinos part of the landscape.  In Johnson's case, Republicans went thru candidates until people were tired and worn down and then snuck in an unhinged freak that many outside of D.C. knew little about.

Thank God for that.

[TitanTiger 20,708]

18 hours ago, CoffeeTiger said:

So this guy brings in almost $200k/year in income...his wife works also.....yet they have no savings account, no retirement accounts, no investments.....?

And this isn't a young guy just getting into the workforce trying to pay off student debts or whatever....he's 51 years old that's had a law degree since the late 90's. 

 

Either he's lying about his finances on these disclosure forms or Mike Johnson is very bad at managing his family budget and finances. In either case, the fact that this is the man who Republicans have picked to try and manage the US budget deficit is...a very Republican thing for them to do. 

To be making what he's made over the last several years (around $200k or so combined income), it feels like you would have to be doing some very intentional things to stay under those reporting thresholds (no bank account over $1000 and no more than $5000 in account from you, your spouse, and your dependent children combined).  Like, you'd have to be putting money into an account that doesn't belong to you - like maybe his parents or in laws control it or something so it doesn't have to be reported.  But if you're doing that, the question becomes...why?

The alternative is that he's living paycheck to paycheck, which with that level of income is an amazing dearth of financial competency.

[TexasTiger 13,556]

3 minutes ago, TitanTiger said:

To be making what he's made over the last several years (around $200k or so combined income), it feels like you would have to be doing some very intentional things to stay under those reporting thresholds (no bank account over $1000 and no more than $5000 in account from you, your spouse, and your dependent children combined).  Like, you'd have to be putting money into an account that doesn't belong to you - like maybe his parents or in laws control it or something so it doesn't have to be reported.  But if you're doing that, the question becomes...why?

The alternative is that he's living paycheck to paycheck, which with that level of income is an amazing dearth of financial competency.

Hookers and blow.

[Leftfield 2,979]

1 hour ago, TexasTiger said:

Hookers and blow.

I'm thinking Prepper.

Seriously.

[DKW 86 7,726]

The guy is Mike Pence kind of scary. 

[TexasTiger 13,556]

36 minutes ago, DKW 86 said:

The guy is Mike Pence kind of scary. 

Worse

[SaltyTiger 8,240]

21 hours ago, I_M4_AU said:

There are ways of hiding from the public what assets one has power over.  Trusts are one of those ways, I’m not saying he is using trusts to his advantage, just there are ways.

Agree, there has to be a sensible, logical explanation for a 50 plus YO lawyer turned congressman and mortgage holder not having a bank account with a little money it. 
 

Things don’t always need to be complex. Read the other day that when Auburn/Georgia played the annual game in Columbus all proceeds from ticket sales and concessions were put into a cigar box then divided equally after the game.

[AU9377 5,575]

2 hours ago, TexasTiger said:

Worse

I wonder if his money all goes into one of the cult like organizations he was so active in before being elected to Congress?

[homersapien 11,812]

23 hours ago, CoffeeTiger said:

So this guy brings in almost $200k/year in income...his wife works also.....yet they have no savings account, no retirement accounts, no investments.....?

And this isn't a young guy just getting into the workforce trying to pay off student debts or whatever....he's 51 years old that's had a law degree since the late 90's. 

 

Either he's lying about his finances on these disclosure forms or Mike Johnson is very bad at managing his family budget and finances. In either case, the fact that this is the man who Republicans have picked to try and manage the US budget deficit is...a very Republican thing for them to do. 

 

 

Sounds like someone who works in the illegal drug trade or organized crime.

[CoffeeTiger 5,523]

12 minutes ago, homersapien said:

Sounds like someone who works in the illegal drug trade or organized crime.

Couldn't be organized crime. He's a Republican...they can't organize anything. 

[homersapien 11,812]

2 minutes ago, CoffeeTiger said:

Couldn't be organized crime. He's a Republican...they can't organize anything. 

Funny, they used to say that about Democrats.  My how times have changed.

[CoffeeTiger 5,523]

3 minutes ago, homersapien said:

Funny, they used to say that about Democrats.  My how times have changed.

Democrats aren't too good themselves most of the time, but in comparison to Republicans, Democrats look downright exceptional. 

[homersapien 11,812]

4 minutes ago, CoffeeTiger said:

Democrats aren't too good themselves most of the time, but in comparison to Republicans, Democrats look downright exceptional. 

Nothing focuses the mind more than an imminent threat of Fascism.

[TexasTiger 13,556]

45 minutes ago, AU9377 said:

I wonder if his money all goes into one of the cult like organizations he was so active in before being elected to Congress?

May go to his current one.

[SaltyTiger 8,240]

“ A man of the people”

https://www.foxnews.com/politics/mike-johnson-bucks-trend-house-speakers-owning-high-dollar-financial-assets-man-people
 

“But Johnson's financial situation appears to closely mirror that of a large share of Americans, according to Federal Reserve survey data. Survey data from 2019 concluded that the median account balance for American households is $5,300, and data from 2020 showed just 64% of Americans had enough money readily available to pay for a $400 emergency.

"For years, we’ve heard calls and demands for members of Congress to look more like the people they represent," Rep. Kat Cammack, R-Fla., a close Johnson ally, told Fox News Digital. "Today, we have a speaker who is not independently wealthy, who does not own or trade stocks and, per House financial reporting disclosures rules, is not required to disclose his federal employee retirement funds.”

 

[Leftfield 2,979]

6 minutes ago, SaltyTiger said:

“ A man of the people”

https://www.foxnews.com/politics/mike-johnson-bucks-trend-house-speakers-owning-high-dollar-financial-assets-man-people
 

“But Johnson's financial situation appears to closely mirror that of a large share of Americans, according to Federal Reserve survey data. Survey data from 2019 concluded that the median account balance for American households is $5,300, and data from 2020 showed just 64% of Americans had enough money readily available to pay for a $400 emergency.

"For years, we’ve heard calls and demands for members of Congress to look more like the people they represent," Rep. Kat Cammack, R-Fla., a close Johnson ally, told Fox News Digital. "Today, we have a speaker who is not independently wealthy, who does not own or trade stocks and, per House financial reporting disclosures rules, is not required to disclose his federal employee retirement funds.”

 

His salary alone is about triple of the average 50-year-old.

[CoffeeTiger 5,523]

1 hour ago, SaltyTiger said:

“ A man of the people”

https://www.foxnews.com/politics/mike-johnson-bucks-trend-house-speakers-owning-high-dollar-financial-assets-man-people
 

“But Johnson's financial situation appears to closely mirror that of a large share of Americans, according to Federal Reserve survey data. Survey data from 2019 concluded that the median account balance for American households is $5,300, and data from 2020 showed just 64% of Americans had enough money readily available to pay for a $400 emergency.

"For years, we’ve heard calls and demands for members of Congress to look more like the people they represent," Rep. Kat Cammack, R-Fla., a close Johnson ally, told Fox News Digital. "Today, we have a speaker who is not independently wealthy, who does not own or trade stocks and, per House financial reporting disclosures rules, is not required to disclose his federal employee retirement funds.”

 

 

Yeah...a bit of reach there from Cammack. 

For a person making $30-40k/year or less trying to support a family, having no savings and being in debt is understandable. A lawyer and lawmaker making hundreds of thousands a year being in debt and having no money makes him looks like a person who makes bad financial and life decisions. 

 

...or a man who is hiding something. 

 

 

[SaltyTiger 8,240]

1 hour ago, CoffeeTiger said:

 

Yeah...a bit of reach there from Cammack. 

For a person making $30-40k/year or less trying to support a family, having no savings and being in debt is understandable. A lawyer and lawmaker making hundreds of thousands a year being in debt and having no money makes him looks like a person who makes bad financial and life decisions. 

 

...or a man who is hiding something. 

 

 

You have no clue regarding the man’s personal situation. He has only been in office 7 years. Not learned in ways of the Biden’s, Clinton’s, etc. to capitalize on a lifetime of government service. 

[AU9377 5,575]

2 hours ago, SaltyTiger said:

You have no clue regarding the man’s personal situation. He has only been in office 7 years. Not learned in ways of the Biden’s, Clinton’s, etc. to capitalize on a lifetime of government service. 

He was capitalizing on all kinds of "services" before he was elected.  One of those was the fraudulent counseling camps pledging to teach someone not to be a homosexual.  Profiting from torturing people about something they had no control over is about as bad as it gets.

[NolaAuTiger 3,295]

He isn’t rich? He doesn’t (inside) trade stocks? He doesn’t have any sketchy business dealings? He lives paycheck-to-paycheck?

WHO LET THE POOR IN?!?!

[TexasTiger 13,556]

5 minutes ago, NolaAuTiger said:

He isn’t rich? He doesn’t (inside) trade stocks? He doesn’t have any sketchy business dealings? He lives paycheck-to-paycheck?

WHO LET THE POOR IN?!?!

Yeah, that’s the issue. 🙄