As The Hill reported this morning, based on disclosure reports released today, Sen. John McCain and his wife Cindy owe at least $100,000 to American Express, with a “dependent child” also holding a card with a balance between $15,000 and $50,000.
Yikes! That’s just nuts, right? Wrong. Not if you’ve got a 0% interest rate.
According to the May 15, 2008 disclosure form, though, during 2007 Cindy McCain originated an individual debt of between $250,000 and $500,000 with a zero-percent interest AmEx that was still not paid off by the time of the time of that filing.
I mean, 0% IR is like free money when you think about, right. So does that mean AMX is giving money to McCain? Is it like a corporate endorsement? A campaign contribution? Well, well, well. Looks like Mr. Maverick might just be a corporate shill after all. Nice.
Shit, I didn’t even know such an interest rate existed. I mean, I know theoretically 0% exisits — 0 was a tricky concept for me in math, I admit, but I finally got it down, I think… Anyhoo… my point is that I’d be willing to drop my Master Card in a second for an AMX card with 0%. Who the hell wouldn’t? I must have missed the special offer when it came in the mail. I wonder if it is still not too late to take advantage. Maybe I’ll call up AMX and ask for the McCain special.
Here are the AMX phone numbers if anyone else would like to as well:
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