{"id":3114,"date":"2004-12-01T10:32:56","date_gmt":"2004-12-01T15:32:56","guid":{"rendered":"http:\/\/www.thecarpetbaggerreport.com\/archives\/3114.html"},"modified":"2004-12-01T10:32:56","modified_gmt":"2004-12-01T15:32:56","slug":"frists-fiscal-faults","status":"publish","type":"post","link":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/frists-fiscal-faults\/","title":{"rendered":"Frist’s fiscal faults"},"content":{"rendered":"

This<\/a> couldn’t have happened to a more deserving person.<\/p>\n

After big losses in the stock market, U.S. Senate Majority Leader Bill Frist’s campaign committee is short of money to cover a bank loan that was due in August, records show.<\/p>\n

The committee’s most recent filing shows a little more than $10,000 was paid on the $360,000 loan from U.S. Bank.<\/p>\n

Records show Frist’s committee had losses in the stock market totaling more than $524,000 since November 2000. After paying other expenses, the committee had $312,807 in its accounts as of Sept. 30, according to records reviewed by the Chattanooga Times Free Press.<\/p><\/blockquote>\n

This hasn’t generated a lot of national attention quite yet, but it’s a fascinating little controversy that raises a host of questions.<\/p>\n

* How could the Senate Majority Leader, who helps write the national budget and shape the government’s economic policies, lose over a half-million dollars when the stock market was going up<\/i>? And how does this reflect on this future presidential candidate’s money-management skills?<\/p>\n

* If U.S. Bank gave you or me a $360,000 loan, the money was due back in August, and we only paid off $10,000 of it, would the bank treat us with the same flexibility that it gives Frist?<\/p>\n

* Let’s say a senior citizen had invested heavily in the market to save for his or her retirement through a private account (in lieu of Social Security), but lost $524,000 over four years. The person would now be facing a personal fiscal crisis, and possible bankruptcy. Has Frist’s first-hand look at the fluctuations in the market made in any impact on his zeal to privatize Social Security?<\/p>\n","protected":false},"excerpt":{"rendered":"

This couldn’t have happened to a more deserving person. After big losses in the stock market, U.S. Senate Majority Leader Bill Frist’s campaign committee is short of money to cover a bank loan that was due in August, records show. The committee’s most recent filing shows a little more than $10,000 was paid on the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[617],"tags":[],"class_list":["post-3114","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/3114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/comments?post=3114"}],"version-history":[{"count":0,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/3114\/revisions"}],"wp:attachment":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/media?parent=3114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/categories?post=3114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/tags?post=3114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}