U.S. Senate candidate Marco Rubio is carrying a lot of debt for a guy who preaches fiscal conservativism. A Wall Street Journal story about candidates with financial woes (including Republican Senate candidate Christine O'Donnell in Delaware) notes the now-dismissed foreclosure lawsuit against a Tallahassee home he owns with state Rep. David Rivera.
In June, Florida GOP Senate nominee Marco Rubio staved off foreclosure proceedings on a home he co-owned with another Republican, David Rivera, who is running for the House in South Florida. But the campaign acknowledged Mr. Rubio still carries a pile of debt on two homes, a home equity line of credit, a car loan and more than $150,000 in student loans.
The financial disclosure form filed by Senate candidates like Rubio does not require them to list mortgages on their personal residences. And unlike rivals Charlie Crist and Kendrick Meek, Rubio did not release itemized tax deductions that would show property taxes and interest paid on mortgages.
More than $900,000 in home, car and student loans deflated his net worth to $8,332 in November 2008 when he left public office, according to his state financial disclosure form.