Ed McMahon blames the possible foreclosure of his multimillion-dollar Beverly Hills house on a set of problems all too familiar to many Americans: a foundering economy, health problems and poor planning.
"If you spend more money than you make, you know what happens," McMahon said Thursday night on CNN's "Larry King Live." "You know, a couple of divorces thrown in, a few things like that. And, you know, things happen."
Asked why a millionaire couldn't make house payments, Pamela McMahon said the couple had less money than people may think and suggested they could have done a better job managing their finances.
"We didn't keep our eye on the ball. We made mistakes," she said. "It's embarrassing to say the least, and it's sad, because you know, Ed's worked his whole entire life."
This is exactly what I wanted to hear. No excuses. No "I am not at fault" crap. Just a simple "we screwed up". Many other people would be wise to follow Mr. McMahon's example of personal responsibility.
Of course, that could also be explained by the fact that Mr. McMahon is a United States Marine.
In fact, in one recent interview, the host said "You used to be a Marine, right?" To which Mr. McMahon replied "I AM a Marine".
Travis
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