Back in March I wrote a post with some details about former Obama Administration official Peter Orszag, whose ex-wife had hoped to tap him for $264,000 per year in tax-free child support revenue. Backstory: following a brief marriage, about 10 years ago, Cameron Kennedy got a luxurious house and a few million dollars in cash by suing Orszag for divorce and, as part of settling that lawsuit, signed an agreement that they would split the children’s expenses going forward (she may have earned more than he did at the time, though now he is cashing in from our revolving door system between government and finance). The judge has ruled and it seems that Cameron Kennedy will get two free kids, with the father paying for all of their private school tuition, summer camps, medical expenses, and extracurricular activities. But she won’t be able to turn a cash profit on the children. In fact she will have to provide them with at least some meals on at least half of the days of the year, paying for the food out of her $350,000 per year income, mostly from working at McKinsey. (She also has to give them a place to sleep, but I am pretty sure that is in a house that got as part of her divorce lawsuit.) She has to pay her own attorney’s fees, according to the Washington Post. And the judge refused to accept the idea that $350,00/year was right at the poverty line:
“Ms. Kennedy is also a high-earning party, capable of providing a more than comfortable lifestyle and many advantages for her children, even in the absence of any assistance from Mr. Orszag,” the court ruled Thursday.
More: Read the Kennedy Decision (64 pages)