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Rep. Jesse Jackson, Jr. Forced To Sell Luxury Townhouse To Pay Medical Bills

To help defray the costs of his expensive medical bills connected to his bipolar disorder, Rep. Jesse Jackson Jr. put his Washington, D.C. townhouse on the market.

Rep. Jesse Jackson, Jr.

In a statement released Rep. Jesse Jackson, Jr.’s chief of staff, Rick Bryant, Rep. Jackson and his wife have made the decision to sell their townhouse in Washington D.C. to defray medical expenses Jackson has acquired for his depression and bipolar disorders. “Like millions of Americans, Congressman Jackson and Mrs. Jackson are grappling with soaring health care costs and are selling their residence to help defray costs of their obligations,” the statement read. “The congressman would like to personally thank everyone who has offered prayers on behalf of his family.” Jackson aides could not say how much, if any, of the expenses are covered under his health insurance plan.

The house was put on the market a week ago with an asking price of $2.5 million. According to the listing, the home was built in 1921 and has four bedrooms, three full baths, two half baths, five fireplaces, a gourmet kitchen, a sunroom and a rooftop deck with a jacuzzi. The listing also shows the home was purchased for $575,000 in 1998 and has 2,936 square feet of living area and its assessed value in 2011 was $1.29 million, and its tax bill that year was $10,999. The listing notes say that the sellers “need to find a home of choice.”

While Jackson’s aides have given no indication of whether the congressman intends to step down, Jackson has been unable to campaign for his Nov. 6 re-election since he began receiving treatment over the last three months. Jackson went on a secretive medical leave in June after relatives said he collapsed at home. In August, his office said that he was being treated at Mayo Clinic because of depression, after a transfer from the Sierra Tucson Treatment Center in Arizona. The clinic, located in Rochester, Minn., has said Jackson was being treated for Bipolar II, which entailed periodic episodes of depression and hypomania. Former Rhode Island U.S. Rep. Patrick Kennedy, who also has dealt with bipolar disorder and been treated at Mayo Clinic, said that the Congressman has “a lot of work” ahead of him on the road to recovery, after visiting him last month. He said Jackson was taking his depression seriously and will have to learn how to treat his illness.

According to election officials in Illinois, if a candidate drops out before Oct. 23 — 15 days before the election — county Democratic leaders get to name a replacement on the ballot. After that, Jackson’s name would remain on the ballot—though some ballots, including those to be mailed to overseas and military voters, already have been printed.

Do you believe Obamacare will lower medical expenses?

18 Responses to Rep. Jesse Jackson, Jr. Forced To Sell Luxury Townhouse To Pay Medical Bills

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    1997
    Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress.
    Fannie Mae buys mortgages from other companies.
    It is backed by the taxpayers for all losses, but keeps all profits.
    President Clinton loosens Home Loan Requirements.

    1998
    Banks begin making thousands of bad loans,0 down, no documentation, for 120%!(1998 –2008).
    Executives at Fannie receive huge bonuses if loan targets are met.
    Franklin Rainesand Jamie Garelickfrom the Clinton Administration are appointed to run Fannie Mae.

    2003
    President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.
    Rep.Melvyn Watt,(D-NC) Committee on Financial Institutions & Consumer Credit.stated, “I don’t see much other than weakening the bargaining power poorer families to get affordable housing.”

    1999 -2004
    Raines earns $100 millionin bonuses.
    Garelick earns $75 millionin bonuses.
    In 2004, Enroncollapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
    Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.

    2004
    An OMB investigation finds massive fraudulent bookkeeping at Fannie Mae.
    False numbers triggered executive bonuses every year.
    Congress holds nohearings, noone goes to jail, or is punished.
    WHY NOT?

    1999 -2005
    Fannie Mae gives millions to Democratic causes, examples:Jesse Jackson & ACORN.
    Fannie Mae pays millionsto 354 congressmen and senators, from both parties.
    Who got the most money?

    Top 4 Recipients
    #1Sen. Christopher Dodd, (D-CT)Chairman of the Banking, Housing, & Urban Affairs Committee#2Sen. Barack Obama, (D-IL) Federal Financial Management Committee
    Top 4 Recipients#3Sen. Chuck Schumer,(D-NY)Chairman of the Finance Committee
    #4Rep. Barney Frank,(D-MA)
    Chairman of the House Financial Services Committe

    2005
    Franklin Raines & top execs are forced to resign from Fannie Mae.
    They do not go to jail.
    There is no media “perp. walk.”
    They keeps all of their bonuses
    They finally pay $31.4 million in civil fines.

    2005
    The Federal Housing Enterprise Regulatory Reform Act is sponsored by:#325Sen. John McCain,(R-AZ)Armed Services, & Commerce, Science, & Transportation
    “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”

    2005
    Noneof the top 4 recipients support the legislation.
    The reform act is blocked by Democrats, never even making it out of committee.
    Noneof the politicians return any of the money, tainted by fraud.

    2008
    Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
    Lehman Brothers, goes bankrupt from investing in bad mortgages.
    AIG get $85 million in loan guarantees, after insuring bad loans & projects.
    Taxpayers will ultimately pay BILLIONS.

    2008
    Franklin Raines is now an advisor to the Obama Campaignwhich wants the govt. to take over more of the economy.
    Did government involvement in the mortgage market work out?
    How will even MOREgovernment involvement make it better? Do you want to be Sweden?
    McCain favors revising regulations & loan standards, selling off Fannie & Freddie.
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  4. Onesilverbac

    September 21, 2012 at 4:03 pm

    Medical bills have nothing to do with any thing.

    To pay for legal fees is more like it.

    Remember he is a Chicago Politician, like someone else we all know.

    The feds have him on tape offering a bribe to the then Governor, Blagoievich, who is now in prison.

    Young Jessie is trying to stay out of jail.

  5. rosemary davis

    September 21, 2012 at 11:19 am

    While my heart goes out too Mr. Jackson and his illness I can’t beleive that he has too sell his Condo to defray the cost of his medical expense even the President mention that they have the best medical care not unless he has reached the maximum and I still don’t beleive that even that is true.Maybe him not working has cause him too sell his Condo but what ever the case I wish him well.

  6. John Mason

    September 21, 2012 at 4:15 am

    NOT TRUE! Congressman Jesse Jackson is covered by the most comprehensive health care plan in the US. The one Congressmen get. It is the Mercedes Benz of health care insurance.

    If he is selling his DC house now, it’s a continuing sign that he’s not going to be with us much longer. The medical leave excuse was a ruse to distract the public. Congressman Jackson is probably now dying from a mysterious sexually transmitted disease.

    Keep reading between the lines and you may reach the same impression. RIP Jesse

  7. trayer

    September 20, 2012 at 5:15 pm

    An unfortunate young man who fooled around on his wife…Hope she forgives him.

  8. Pat

    September 20, 2012 at 5:09 pm

    I don’t think the medical bit is true. He has government health insurance which covers everything. They exempted themselves from Obamacare so that wouldn’t impact his costs. Strange.

    • ICare2

      October 6, 2012 at 1:52 am

      @ Pat government insurance only pay 80% of the bill the rest is on you to cover! I’m really proud of the young man for getting help! The black community treat mental illness as a taboo, seeking help is a weakness. I can tell you it doesn’t just go away with pills, therapy is very expenses, and for so reason most of the facilities that used to care for our poor mental ill patient have had their budget cut and therefore, these patients are turned out in the street, you probably have see someone during your daily routine. You have probably have seen them on your TV news, for killing their partners or their children.

      So please think before you point fingers at others, this could be you or someone in your own family!

  9. Scott

    September 20, 2012 at 5:02 pm

    I’m so sorry, a member of the 1% has to lose their expensive home. His daddy should have raised that fellow better. There are lots of black folks out there who have lost homes a lot less valuable then his…. what has he done to get the BANKS to let black folks keep their homes, or what has he done along with OB to pass LAWS to FORCE THE DAMM BANKS to redo their damm nation loans>>>>?????? Sorry mr. jesse, you just have to come join the poor folks, the down beaten ones….. see how LIFE really is in your White run America!!!!!!!!

    • Mz

      September 20, 2012 at 6:39 pm

      Medical bills, huh? Maybe cheating on your wife and flying your broke ayz Mistress back and forth to the Chi can get really expensive? I mean Obama care is all inclusive. OR-all that snitching to the FEDS after trying to buy Obama’s seat from Blago made him sick-either way- GTFOH! (medical bills-smdh)

      • Derrick

        September 22, 2012 at 7:33 am

        Nothing,but the Truth!!!

      • Derrick

        September 22, 2012 at 7:33 am

        Nothing,but the Truth!!!

  10. Scott

    September 20, 2012 at 5:02 pm

    I’m so sorry, a member of the 1% has to lose their expensive home. His daddy should have raised that fellow better. There are lots of black folks out there who have lost homes a lot less valuable then his…. what has he done to get the BANKS to let black folks keep their homes, or what has he done along with OB to pass LAWS to FORCE THE DAMM BANKS to redo their damm nation loans>>>>?????? Sorry mr. jesse, you just have to come join the poor folks, the down beaten ones….. see how LIFE really is in your White run America!!!!!!!!