Economist Who Advises Nevada On Budget Files Bankrtupcy

I believe this is what you call irony:

The economist who helps predict how much money state government can expect to fund its budget has declared personal bankruptcy, telling the Sun he didn’t foresee his own financial meltdown.

John M. Restrepo, chairman of the five-member State Economic Forum, filed for bankruptcy protection in November, citing $905,000 in debt and $360,000 in assets.

In the wake of his filing, Restrepo had to complete an Internet course on personal financial management offered by a nonprofit consumer credit counseling agency.

Where, oh where, does one begin?

Via Twitter

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Doug Mataconis
About Doug Mataconis
Doug Mataconis held a B.A. in Political Science from Rutgers University and J.D. from George Mason University School of Law. He joined the staff of OTB in May 2010 and contributed a staggering 16,483 posts before his retirement in January 2020. He passed for too young in July 2021.

Comments

  1. michael reynolds says:

    Yep. That’s irony all right.

  2. Hey Norm says:

    Sounds about right.

  3. Murray says:

    It’s called “on the job training”. Having gone through his personal bankruptcy, he will be in a better position to counsel the state of Nevada when they go through theirs.

  4. tom p says:

    ……..