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That has to be one of the most convoluted assumptions I've read in quite a while. But then most assumptions based on partisanship and feelings of class envy usually are. I would think that someone worth millions IS carrying that kind of credit card debt. Unless you think the more affluent carry wads of cash around just to impress the rest of us, rather than use a credit card.
Gee, I can't wait to see what kind of credit card debt the Obama's have, I suspect that story won't be written quite like this one........