Possible reasons? Conversation:
“Things must be tough right now…?”
“That Martha’s Vineyard mortgage needs payin’. (I don’t know the actual loan details, this is a guess). “I don’t know the Obamas financial situation but you would be surprised at how many “rich” people live ‘paycheck to paycheck.’ I am *not* saying the Obamas are broke. But if you lack self-control, oftentimes more money means more expenses. Also, the money you’re making today might not be the money you’re making in 5 years.”
“the more money you have the more you spend. Many rich people live beyond their means. I’ve seen it so many times out here in Cali.”
“They have purchased “more than they need,” and a good portion of their money is tied up in investments. My guess is that she doesn’t want to be on any kind of budget, and if she wants something, she’s going to buy it. Entitlement, basically.”
“hotdogs and pizza are expensive”
“You are spot on, she says things about people taking more than they should, what about spending more than you should, not fiscally responsible..they also talk about the climate change but their carbon footprint must be huge with their mansions”
“In my experience, there are prominent people who have gotten into jams, particularly when they own multiple properties which require upkeep and a key source of income had recently dried up. Serious cash flow issues result.”
“I remember a guy I knew, but in the late 60’s, worked for Michigan Bell. Told me, that they were always having to go cut service to wealthy homes in Detroit, for non-payment.”
“Many people receive a windfall, and then crash financially. Inheritances, pro athletes, lottery winners, insurance/law suit settlements – why not politicians. When money is the addiction – “More” is the need. One will stoop at nothing to receive their ‘fix’. Even costco for MO”
“Some people are addicted to “more”. They want to own businesses and be in charge of anything and everything. They want to feel important and bring in money and have others fawn over them for how important they are in different industries. It’s truly an addiction to money and power.”
That definately is not big mike,