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WI Senate Race Draws Bankrupt Candidates


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Should people who can't manage their own finances be allowed to run for political office? No way an individual who is that financially inept should be allowed any where near political office, especially this Michael Bonds douchebag. All 3 are Democrats. :lol:

 

Senate race draws bankrupt candidates

636055749733388551-dan-bice-500x500.jpg Daniel Bice, Milwaukee Journal Sentinel 11:08 p.m. CDT August 1, 2016
   
636056657612202731-bicecol02.jpg

(Photo: Journal Sentinel files)

You don't have to be bankrupt to run for office in Milwaukee.

But, apparently, it doesn't hurt.

All three Democratic candidates vying for an open Senate seat in the city have filed for bankruptcy in the past eight years.

In fact, the frontrunner for the seat — state Rep. LaTonya Johnson — has filed twice in the past three years, with the second case still open.

The winner of the three-way primary contest — Johnson, Milwaukee School Board member Michael Bonds and former legislative aide Thomas Harris — is all but assured of succeeding state Sen. Nikiya Harris Dodd, who is not running for re-election. No Republicans are running for the seat.

Johnson, a Milwaukee Democrat, first filed for bankruptcy in 2013, putting much of the blame for her financial troubles on Act 10, Gov. Scott Walker's signature bill curbing collective bargaining for state workers.

Johnson, who operated an in-home day care center, Anointed Child Care Services, was the local union chief for Milwaukee child care providers. She said Act 10 disbanded the union and changed the way child care providers were paid. One conservative outlet has disputed this account, however.

The 44-year-old politician initially filed under Chapter 13 of the bankruptcy code, meaning she would reorganize her debts and pay them over a longer period while keeping her house. But last year she switched to a Chapter 7 filing, which would allow her to walk away from her unsecured obligations such as credit card debts.

Johnson listed assets of slightly more than $153,000 and liabilities of nearly $188,000, including more than $40,000 in unpaid taxes and another $62,000 in student loan debt. She also had a number of medical bills, something she said was due to the fact that she didn't have health insurance.

But in July 2015, just two months after a judge discharged many of her debts, Johnson was back in court, filing another Chapter 13 bankruptcy petition. She reported $131,000 in assets and some $126,000 in liabilities, including nearly $37,000 in delinquent federal taxes (which cannot be discharged). She blamed an accountant for the unpaid taxes, which she said she has now cleared.

"I filed for bankruptcy (a second time) to keep my house," Johnson said last week. "I bought that house when my daughter was 4 years old. She's 19 now. It was the only home that she knew. I didn't want to lose my house."

Johnson said she has been fighting foreclosure actions for years and finally received a stay in January. She said people in her district can identify with her financial struggles. She noted that numerous people on the city's northwest side have lost their homes or filed for bankruptcy.

"For people who live in the inner city of Milwaukee, they all know this struggle," said Johnson, who makes $50,950 a year as a state lawmaker. "It's very seldom that you find an elected official who has been a part of the struggle."

Not in this race.

Harris, a former legislative aide and lobbyist, filed for bankruptcy in 2008, listing $118,000 in assets and $189,000 in liabilities. He listed his primary debts at the time as the mortgage on his house and nearly $50,000 in student loans.

Harris, 36, said he was one of many hit hard by the recession prompted by the collapse of the housing bubble. The bank eventually foreclosed on his north side house and sold it at a sheriff's sale in 2011.

"It was the downturn in the economy," said Harris, who previously worked for state Sen. Lena Taylor, a Milwaukee Democrat, and Milwaukee County Executive Chris Abele. "A lot of Americans across the country can feel that pain."

He added, "A lot of things happen when you're in your 20s."

In the end, Harris' case was dismissed for failure to pay the filing fee. Harris said he was able to pay off his debts without completing his bankruptcy.

Bonds, the third candidate in the race, had perhaps the most complicated bankruptcy case of the trio.

He and his wife, Kathy, filed for bankruptcy in 1989.

Then in 2011, Bonds went to bankruptcy court again on his own. Bonds is an associate professor in the department of educational policy and community studies at the University of Wisconsin-Milwaukee. His wife is a principal in Milwaukee Public Schools.

Bonds, 57, blamed the family's financial troubles on the fact that his wife had been transferred from running a high school to overseeing an elementary school. At one point, the pair was pulling down $227,000 a year.

Initially, he filed a Chapter 7 petition, reporting assets of $242,490 and liabilities of $331,375, including $10,000 in federal taxes.

The U.S. Trustee's Office, which monitors bankruptcy cases, then accused Bonds of acting in "bad faith" for giving apparently misleading statements about his wife. A bankruptcy judge then tossed Bonds' case.

But the trustee eventually concluded that Bonds had been misled and poorly represented by his attorney. Bonds was allowed to file for bankruptcy again under Chapter 13, the section allowing reorganization of debts.

Just last week, Bonds — who finished second in an April race for Milwaukee alderman — paid off his creditors under his bankruptcy plan. Bonds' wife and son, meanwhile, have each filed for bankruptcy since 2013.

Bonds did not return calls about his past financial troubles.

Johnson, the state rep, said she was stunned to find out that Bonds had gone bankrupt before.

"I don't know why the hell he filed," Johnson said of her campaign foe. "I've never come close to $200,000 (in annual household income). I wouldn't know what to do with it if I had it, just to be honest."

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Wow,

Think about this for just a second.

JOHNSON:  Johnson was a local union chief, listed liabilities of nearly $188,000,  including more than $40,000 in unpaid taxes and another $62,000 in student loan debt and who makes $50,950 a year as a state lawmaker.

HARRIS: Harris, a former legislative aide and lobbyist, filed for bankruptcy in 2008, listing $118,000 in assets and $189,000 in liabilities. He listed his primary debts at the time as the mortgage on his house and nearly $50,000 in student loans. In the end, Harris' case was dismissed for failure to pay the filing fee. Harris said he was able to pay off his debts without completing his bankruptcy.

BONDS: In 2011, Bonds went to bankruptcy court again on his own. Bonds is an associate professor in the department of educational policy and community studies at the University of Wisconsin-Milwaukee. His wife is a principal in Milwaukee Public Schools. Bonds filed a Chapter 7 petition, reporting assets of $242,490 and liabilities of $331,375, including $10,000 in federal taxes and at one point the pulled in 227,000 a year.

 

Democrats with UNPAID TAXES, STUDENT LOAN DEBT, and one whole family that is fully involved in the EDUCATION of our youth. 

No wonder they want student loan forgiveness. 

 

 

 

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2 minutes ago, Highmark said:

Kind of surprised they filed.   They need to listen to Dave Ramsey.  :lmao:

When you put these types of people in office, what do you expect them to do.   Can you expect the youth of this country to know how to run their own economies when the very teachers who are making big bucks can't seem to balance their own finances.  This is why detroit went bankrupt.

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Just now, racer254 said:

When you put these types of people in office, what do you expect them to do.   Can you expect the youth of this country to know how to run their own economies when the very teachers who are making big bucks can't seem to balance their own finances.  This is why detroit went bankrupt.

Most voters are too biased, inept or not informed enough to find out or care.  

The problem with this country is not the politicians but the voters who entrust those positions to pieces of shit.  

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2 minutes ago, Highmark said:

Most voters are too biased, inept or not informed enough to find out or care.  

The problem with this country is not the politicians but the voters who entrust those positions to pieces of shit.  

Well, when you have propaganda being put out like we have seen in the current race for POTUS, voters need to do a heck of a lot more looking into candidates today.

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1 minute ago, Momorider said:

Well I am hoping that Paul Nehlen can beat Ryan in Wisconsin primary :)

Too early to hope for that.  R's need to start playing like the D's do.  You don't want to give up that seat just yet.

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1 minute ago, racer254 said:

Too early to hope for that.  R's need to start playing like the D's do.  You don't want to give up that seat just yet.

Nehlen is a Republican how is that giving anything up :dunno: 

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Just now, racer254 said:

Oh, I understand that, I just would like to see how Ryan runs the show. 

Ryan is an establishment clown, he has basically tried everything he can to sabotage Trump, he needs to lose his job :guzzle: even if he wins and Trump wins, Trump will see he isn't the speaker 

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2 minutes ago, Momorider said:

Ryan is an establishment clown, he has basically tried everything he can to sabotage Trump, he needs to lose his job :guzzle: even if he wins and Trump wins, Trump will see he isn't the speaker 

I hope not, but you could be correct.  Either way, I have talked to Ryan out in public before when he is not campaigning.  He was really approachable then, but maybe he has changed.  At the time, not a person around recognized him.

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45 minutes ago, Highmark said:

Most voters are too biased, inept or not informed enough to find out or care.  

The problem with this country is not the politicians but the voters who entrust those positions to pieces of shit.  

chicken dinner for you.

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13 minutes ago, racer254 said:

I hope not, but you could be correct.  Either way, I have talked to Ryan out in public before when he is not campaigning.  He was really approachable then, but maybe he has changed.  At the time, not a person around recognized him.

Fuck me listen to the shit the idiot has said about Trump :guzzle: he is the enemy as much a any DemonCUNT is just another all in in establishment POS like Jeb or Kasich

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7 minutes ago, Momorider said:

Fuck me listen to the shit the idiot has said about Trump :guzzle: he is the enemy as much a any DemonCUNT is just another all in in establishment POS like Jeb or Kasich

I haven't been paying a lot of attention to that race, I will start. 

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Wisconsin questionnaire for running for public office.

Do you have sex with dead road kill?

No.  (You are eligible to run for office)

Yes. (Fill in answer as to why below)

________________________________________________

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1 minute ago, Highmark said:

Wisconsin questionnaire for running for public office.

Do you have sex with dead road kill?

No.  (You are eligible to run for office)

Yes. (Fill in answer as to why below)

________________________________________________

How did you get that information.  Are talking to Russian hackers?

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  • Trying to pay the bills, lol



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