Democrat Governor Hopeful Confesses Fiscal Incompetence

As Stacey Abrams sets out to become the first black governor of Georgia, she has a personal finance issue that questions all of her judgments. To say that she is fiscally irresponsible is not talking about her practices as a Democrat. It is a referral to her personal finances which are like a monetary train wreck. To make matters worse, she makes absurd excuses. Her is what she said.

As Written and Reported By Thomas Lifson for the American Thinker:

She didn’t understand that she can’t spend the money she owed for taxes?

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Stacey Abrams, the Democrat nominee for governor of Georgia, has set hearts aflutter among identity politics aficionados all across America.  She’s black!  She’s female (cis-gendered, although it shouldn’t really matter except to troglodytes)!  There’s never been a black governor of Georgia, nor a female governor.  A twofer!

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Why, what else could anyone want?  It’s enough to drive turnout among black American voters, and maybe, just maybe put a Democrat in office as governor of Georgia after 16 long years, and therefore enable headlines proclaiming a national revolt against you-know-who.

Well, one thing voters in Georgia might want from a future governor is a basic understanding of finance.  Unfortunately, Ms. Abrams flunks that test, but she doesn’t think it is important.

Jason Hopkins reports at the Daily Caller:

The former state representative has acknowledged that she owes more than $200,000 in student loans, credit card debt and IRS back taxes.

“I did not understand that those magical slivers of plastic that I was getting in in [sic] college, a $100 purchase was going to cost me like $3,000 over the next seven years,” Abrams stated in an interview with Yahoo Finance.  “And that if I didn’t pay the bill every month it was going on some report that was going to follow me even after I had a great job.”

Abrams owes back taxes amounting to $40,201 for 2015 and $13,851 for 2016. She owes $96,512 in student loan debt and another $77,522 in credit card debt spread over nine different accounts.  In total, she is about $228,000 in the red.  This number….


Dems’ dream girl for ‘first black governor of Georgia’ confesses fiscal incompetence


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