Goes out to the Tea Party Nation Corporation of Franklin, TN:
On Monday Venetian Casino Resort, LLC. filed suit against Tea Party Nation Corporation of Franklin, TN for $642,144 in unpaid hotel bills and interest. According to a contract attached to the suit, Tea Party Nation agreed to pay the resort $579,148 in the event of a cancellation. The Palazzo alleges the group still owes $554,148, plus [an] 18 percent interest charge of $87,996. [my bolds]
What gets me more than obligating themselves to a more than half-million dollar cancellation charge is their agreement to pay 18% interest. In this day and age, with the cost of money at next to nothing, to pay 18% on anything (except a revolving balance on a credit card) is nuts.
'Splains a lot about Teabaggers.