Florida cannot afford Marco Rubio. A couple of Google searches supported that.
During the 10-year period that included Rubio’s roles as Florida House Majority Leader and Speaker of the House, he saw his income more than quadruple.
In 1999, Rubio reported his earnings at $99,000. In 2008, it was up to $414,000.
Much of Rubio’s earnings during this period was work for multiple law firms including Broad & Cassel, ‘a well-connect statewide firm that had done millions of dollars of legal work for the Florida House.’
Between 2002 and 2005, Broad & Cassel billed Florida taxpayers $4.5 MILLION for legal work. An audit of the firm’s work was conducted but never released. Just remember, Florida’s congress is overwhelmingly controlled by the Republicans – about 67% of the Florida House and Senate. Rubio is a Republican.
The question is – what did Rubio really do for these law firms? It does seem interesting that Rubio received money from companies that billed the very state that Rubio represented. Broad & Cassel billed Florida an average of more than one million dollars per year for four years.
Asked if he would have been hired by Broad & Cassel had he not been Speaker of the House Rubio responded, “It’s hard to tell with a hypothetical. I certainly would have worked somewhere. I had made a career of working at big firms up until last year when I went out on my own.”
True, but would he have been compensated $1.2 million for 4 years?
During his time at Broad & Cassel, Rubio “said he reviewed zoning applications, but he never appeared before a board or a commission on a land use matter.”
During Rubio’s final year as Speaker, he ‘secured a special line item in the budget that gave Jackson Memorial Hospital an additional $20 million in 2008. Several months later, Jackson hired Rubio as a consultant under a $96,000 a year contract.”
Since leaving state government, Rubio received lucrative deals with:
- Miami Children’s Hospital paying him $102,000.
- Florida International University – $69,000
- Univision – as an on-air commentator for $8,000.
What I found most interesting was the last paragraph in the I-Team investigation
Despite his income, Rubio’s net worth is surprisingly low. In 2008 he listed his net worth at just $8,300. A self described fiscal conservative, Rubio is carrying almost a million in debt — including two mortgages on his current home and more than $100,000 in student loans.
Rubio’s annual salary bump also is interesting considering he had stopped payments on a Tallahassee home which was heading into foreclosure. Rubio claimed that he stopped paying on the home during a dispute with the bank. He has since caught up with the payments once news for the pending foreclosure became public.
Rubio is also currently under a federal IRS investigation over the potential misuse of Republican Party credit cards for personal expenses.
At the very least, it appears that Rubio has benefitted as a result of his time in public service at a very high cost to taxpayers but clearly he has difficulty managing his personal finances.
Can we really afford to send Marco Rubio to Washington?