CORRECTION: An article posted earlier today relied on inaccurate information from the House of Representatives.
A financial disclosure report filed by an aide to Rep. Joe Wilson, R-S.C., was misidentified as Wilson's.
As a result, the description of differences between Wilson's earlier and more recent filings was inaccurate.
Here is the corrected version:
Rep. Joe Wilson, R-S.C., is heavily leveraged and his debts may even exceed his assets, according to a personal financial disclosure form that was amended just before Congress left for its August recess.
Wilson made headlines Wednesday night for yelling "Lie. You lie," at President Obama during an address to a joint session of Congress.
Lawmakers are required to declare what they own and disclose -- within a pretty wide range -- how much each asset is worth and how much income it provided. The intention of the disclosure law is to let constituents see the connections, if any, between their elected officials' public duties and private financial interests.
In Wilson's case, he updated a form revealing what he owned in 2008. The new version, filed at the end of July, has different assets than he identified in May.
Wilson now reports that his assets at year's end (not counting his residence) fall somewhere between $952,000 and $2,030,000.
Much of that was tied up in property owned by the Moseley Wilson Partnership.
His debts, in the form of personal loans and mortgages, fall somewhere between $880,012 to $1,930,000.
The major differences between the two reports are the addition of Exxon-Mobil stock worth $15,000 or less and a property in Springdale, S.C., worth between $50,001 and $100,000
-- Alex Knott of CQ MoneyLine contributed to this report.
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Comments
This information provides at least part of the reason why Wilson was tapped by the GOP leadership to heckle the President last night. This will spike his fundraising. Of course it will do so for his opponent as well, but clearly this is a gamble Wilson was willing to take and it's a smart move. Given South Carolina's conservative bent, he has a built-in advantage over his opponent. The message coming from the Wilson camp will soon be along the lines of "Joe's being targeted by liberals nationwide, and outsiders are funding his opponent's campaign."
Even though Wilson narrowly won last time, I predict he will win by a larger margin in 2010 because of his outburst last night, which was part of the plan all along.
Posted by: billp
| September 10, 2009 2:31 PM
UNBELIEVEABLE!! And why are you writing about his debts????? really surprised at you johnathon, it reminds me when everyone went after JOE THE PLUMBER and you because he called obama a lier choose to dig up dirt on him , pretty bad, where was all this outrage when PRESIDENT BUSH was heckeled , yelled at by someone from the black caucaus in one of his S OF THE UNION address about the Iraq war????? I remember so well , the camera went to her, he was treated so rude at times in his addresses, not to mention the things said about him from other senators, it was horrible, did you go after any of them?????? I think it is sad what you did here, low blow, and by the way are you going to write about the way obama said " they were lies" when he was insinuating what was said about cuts to medicare , obama did lie johnathon, you wait and see, abortion will find a way to be paid for, he will make the illegal citizens legal to get health care, he lied when he said that the cuts in medicare will not affect us at all, are you kidding??? how do you cut 500 billion to medicare and it does not affect any of us, you know that cuts will go to the doctors and hospitals that treat medicare patients, then eventually the doctors will not see medicare patients. he is cutting medicare advantage which many seniors enjoy. and the biggest whopper, this health care will not add anything to the deficit. now do you believe that?? and I do believe WILSON will win in 2010, he had the guts to say what no one else will. obama is a lier on this healthcare fiasco.
Posted by: sandra
| September 10, 2009 4:26 PM
Joe Wilson is under a lot of financial stress. Like so many Americans, he has too much debt.
And unfortunately, like so many Americans, he takes out his personal frustrations on other people: Immigrants, Democrats, and a Black President.
Posted by: michael a.
| September 10, 2009 4:40 PM
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