Former Minn. Repub Party Chairman, Known for "Live within your means mantra"....declares bankruptcy

[n2doc]

Tony and Bridget Sutton say they owe $2.1 million in filing for Chapter 7.
Article by: Baird Helgeson , Star Tribune

Updated: September 9, 2013 - 6:01 AM



A hard-charging former state Republican Party chairman whose constant refrain to DFLers and even GOP lawmakers was “live within your means” has declared personal bankruptcy, the latest twist in one of the most dramatic political downfalls in recent state history.

At the height of his power, Tony Sutton demanded that Republican legislators oppose all tax increases and keep state spending strictly in line with revenue. Few realized it at the time, but the GOP’s finances under Sutton’s management were a shambles, and the same scenario was playing out in his personal life.

Sutton and his wife, Bridget Sutton, an Inver Grove Heights school board member and former Republican operative, say they owe $2.1 million, including $70,000 of credit card debt, $20,000 in federal student loans, unpaid state and federal taxes, and hundreds of thousands of dollars in unsecured personal loans to cover business expenses. At the time they filed, the Suttons had no life or health insurance.

Sutton did not respond to repeated requests for comment.


more
http://m.startribune.com/news/?id=222902471&c=y

[Tripper11]

1. Do as I say, NOT as I do eom

[egold2604]

2. hmm, no health insurance. Bet they use ACA

[BlueToTheBone]

10. using the low income credits. n/t

[hatrack]

3. Wow. "Hypocrisy" doesn't even begin to approach the zone this is in

Pathetic.

[Mojorabbit]

4. Karma

I feel for them though. All can be going well and it only takes one thing to start everything unraveling. I don't wish anyone ill and I hope it makes them more compassionate people.

[Sheepshank]

5. The stark idiocy of this screaming hypocrisy......

....is that Mike Lee was in a similar situation.

Why do these idiots get any fiscal credibility....ever?

[Katashi_itto]

6. BANKRUPTCY DOES NOT GET THEM OUT OF STUDENT LOANS. MAKE THEM PAY. TAKE THEIR HOUSE.

[Egalitarian Thug]

13. Floriduh law protects his house & much of his property, that's why the very rich

always declare residence in Floriduh when they get caught. Even if your primary residence is a 600 acre estate with a 50,000 sq ft mansion in Floriduh, it is protected under state law from the bankruptcy court.

[Heywood J]

14. Where did Florida come from? (NT)

[4Q2u2]

7. To his kind this is a business decision

Just fold your tent up every so often and re-neg on your bills on move on to the next set of suckers. This has nothing to do with living with your means. They will walk away from most of their bills keep their stuff and this article was written to help the idea that were are more stupid than vultures. Funny irony is BushCo made personal bankruptcy harder.

[Blue_Tires]

15. +1

[Quantess]

8. Ha ha.

[Arugula Latte]

9. Pull yourselves up by your own bootstraps, numbnuts!

[LondonReign2]

11. A white, doughy hypocrite? Very surprising!

[B Calm]

12. These kind of stories about republicans crack me up!