First, it turns out that the candidate widely endorsed to succeed Ney - and supported not only by the embattled congressman but also by the Ohio Republican Party - is more than $1 million in personal and business debt, along with her husband. The federal government may have to pick up some of that because of a Small Business Administration loan guarantee.
Joy Padgett's debt, and the personal bankruptcy she and her husband, Donald, filed on June 15, promise to rise as a campaign issue as her party promotes fiscal responsibility.
Their U.S. Bankruptcy Court filings list $1.16 million in debts against $202,143 in assets.
"To default on an SBA loan, and her million-dollar bankruptcy, show that she cannot control her borrowing or her spending," said James B. Harris, another Republican seeking Ney's seat.
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