Jermaine Dupri's Financial Woes Continue With Foreclosure On His Mansion

Jermaine Dupri and Janet Jackson

Atlanta, Georgia music producer, Jermaine Dupri (Mauldin) has been having a tough time of late, with one financial disaster after another. Years ago, the IRS seized his luxury cars, for non-payment of income tax. Many thought his problems were behind him, but old habits die hard. The former hitmaker, known for producing tracks for singers such as Mariah Carey and Usher and running his now defunct subsidiary label, So So Def, has seen his fortune disappear, along with girlfriend, Janet Jackson.

Dupri's $2,500,000 home on Buckhead's Mount Paran Road, was foreclosed on by Sun Trust Bank, as he was in arrears and owes the state $500,000 in taxes. Dupri bought the home several years ago, but has lived so lavishly, he has been unable to pay his bills, among them a $17,000 monthly mortgage payment. Foreclosure was staved off at the last minute, as the house was about to be auctioned on the courthouse steps.

As a result of Dupri's spendthrift ways, which he learned from his dad, music executive, Michael Mauldin, his record label and restaurant were unceremoniously closed, with employees owed wages. They discovered he was out of business, due to locked doors and disconnected phone lines. Dupri should have used discretion and common decency, in formally telling them what had transpired.

Dupri was also fired from his job at Island/Def Jam, further removing another source of income. He was blamed for a number of flops at the label, as at the end of the day, he is not a true executive. He just likes to spend money and pretend he knows what he is doing.

Dupri began taking jobs as a DJ, a big step down for him and his ego, yet ironically could not keep himself out of trouble, as he managed to impregnate a stripper, who told all and effectively ended his relationship with Jackson. This marked another child support check he could no longer afford.

The drug taking, alcoholic, has a sordid, detailed history of negative dealings with industry writers, producers and video directors. Dupri is a notorious thief, as is his dad. The two have brazenly stolen copyrighted material from known and unknown artists and writers alike. His victims have been adults and minors, which is disgraceful. You reap what you sow.

In trying to impress Jackson, he went to great extremes, running up substantial tabs that firmly placed him further in debt, with no real income to repay his financial obligations. Jackson recently dumped him for an billionaire Arab, after Dupri's stripper infidelity was discovered.

Jackson also blames Dupri for the failure of her past few albums, as he had a hand in putting them together. The fact of the matter is, Dupri has always been an overrated producer, who heavily relies on the talents of lesser known writers to prop him up, many of whom were robbed. This coupled with Dupri's wild spending, was bound to cause a catastrophe.

Obama Gearing Up To Spend More Money

Barack Obama

Rumblings in Washington indicate, U.S. President Barack Obama, is gearing up to undertake even more unnecessary spending, despite the fact the S&P flashed him a massive warning to put the breaks on the cash spree.

The U.S. deficit is the highest it has ever been. Congressional Budget Office calculators are crashing and malfunctioning under the strain, but the President is still prepping new, frivolous spending plans and continues to funnel money to costly and unnecessary projects.

Why is it so difficult to cut the national budget and actually stop spending money on frivolities that do not promote financial health. Is it going to take a catastrophe to make the government stop such fruitless spending. The Obama Administration is behaving like a shopaholic and the U.S. Congress continues to increase its credit limit on money the nation doesn't have to blow.

As a result of the ongoing financial crisis, I see so much suffering in America everyday, as I am not out of touch like the Administration and Congress (yes, I went there). It is painfully obvious, if the government earnestly ended the wars in Afghanistan, Iraq and Libya, cutting their funding and used the money in America instead, life would be exponentially better for Americans.

Productive Americans (some with children) that lost their jobs and homes, are becoming homeless at an increased rate, yet the government sees no need to bring the money back home. How can Washington not have money to help them, but can buy thousands of tomahawk missiles for $1,000,000 each.

Some government workers paychecks are being cut and this wouldn't be so bad if it were the people earning higher salaries. No, it's the lower income government workers that are seeing their pay checks reduced and they feel it the most. If you are making $10,000 - $15,000 per year and the government reduces your pay by up to 30%, you will have significant trouble making ends meet.

The government workers that can stomach pay cuts are those making $70,000 - $100,000 per year. They won't go hungry. However, to target lower income government workers, under the guise of tightening the belt in a crisis, is a lot to ask.

Another area the government is wasting money that could be better spent elsewhere is the exorbitant budgets the FBI, CIA, DOJ and Pentagon receive. One can understand giving a decent budget to Homeland Security to protect the nation's borders, but as I see it, the FBI, CIA, DOJ and Pentagon, get up to so much mischief in the nation and the world, they are being given lavish sums to create preventable problems for everyone.

RELATED ARTICLES

Clinton To Congress On Libya: Butt Out

NATO = OBAMA

Al Qaeda Gaining Foothold In Libya As Obama Lies About The Invasion

Obama To Address America On Illegal War In Libya

Obama Administration Announces The Next Deceitful Term For War

Obama Costing Americans Billions With War In Libya

Obama Illegally Invades Libya, Thousands Dead...

Barack Obama Booed In Brazil As Protests Erupt Over Visit

American Anti-War Protestors Turn Up The Heat On Obama And The FBI

Bobby Brown Made $30 Million Dollars In One Year And Blew It All In One Year

Whitney Houston and Bobby Brown

Bobby Brown, the ex-husband of fellow singer, Whitney Houston, stated in an interview in the current edition of Sister2Sister magazine that he "Made $30,000,000 in one year" and blew through it "in that same year." Brown further stated he was making $250,000 per night on tour.

His wealthy ex-wife Houston, reportedly made in the ball park of $300,000,000 during her career, but lost much of it as well, due to cocaine and lavish living. The family's Atlanta home Houston bought was foreclosed on a few years ago. However, both artists have signed new deals in the entertainment industry.

RELATED ARTICLES

Bobby Blames Whitney For His Cocaine Addiction

Bobby Brown Speaks About Using Cocaine

Whitney Houston's Daughter Is Going To Have To Prove Herself

Bobby Brown Denies Knowledge Of Daughter's Drug Problem

Lawyer Offering Bobbi Kristina Brown Secret Drug Video For Sale

Whitney Houston's Daughter To Get Her Own Reality Show

Will Bobbi Kristina Brown Follow In Her Parents Footsteps

Bobbi Kristina Brown Underage Sex Tape Being Offered For Sale

Whitney Houston And Bobby Brown's Daughter Caught Snorting Cocaine On Camera

Whitney Houston's Daughter Betrayed By Ex-Boyfriend That Sold Cocaine Photos

Report: Whitney Houston's Daughter Headed To Rehab

President Obama's Economic Plan Is Not Working

Barack Obama

With a year and a half until the next Presidential Election in America, President Barack Obama's economic plan is not working. Wild and unruly spending by President Obama has significantly increased the national deficit, with international creditors becoming concerned, regarding the nation's ability to repay the staggering amount owed.

Over a trillion dollars of American taxpayer money thrown at corporations that caused the economic crisis that went global, is being hoarded and stolen by a number of companies, which is not doing the nation any good.

Gas prices are soaring in America and much of the Western world, due to the President's illegal and unconstitutional invasion of the nation of Libya. Rising gas prices nearly broke America a couple years ago.

President Obama's dogged devotion to clean energy and solar power, is costing America a big bundle, as studies and financial reports have irrefutably illustrated, it costs more than conventional methods. The President is also legislatively holding the nation back from exploring its own natural resources.

Unemployment remains stubbornly high, stuck in a cycle of gaining and losing jobs at the same time. Foreclosures continue to climb, years into the financial crisis, due to the failure of costly Obama mortgage programs that have now been scrapped.

RELATED ARTICLES

Gallup: Unemployment Higher Than Obama Admitting

How George Bush Destroyed The U.S. Economy

GDP Data Shows The Recovery Failed

U.S. Jobs Lost Not To Be Replaced Until 2020

Joe Biden: We Can't Replace The 8 Million Jobs Lost

The Government Twists Jobs Report To Hide Losses

What Is Obama Going To Do About The Deficit

Obama's $1 Trillion Bill Passes In Congress

Bernake Defends Reckless Spending

Obama Calls For Job Summit

The Benefits Of Government Cost Cutting

Unemployment Up To 9.8%

American Anti-War Protesters Turn Up The Heat On Obama And The FBI

Video: Anti-War Protests Grow As Deaths, Debt Pile Up - The UpTake

Everyday Americans, fed up with the wars in the Middle East being waged by the government and the violation of their rights at home by the FBI, have taken to the streets in protest, decrying the war crimes and human rights abuses.

As some have accurately pointed out, as has the Judiciary Report in the past, this money could be better spent in America on jobs, schools, infrastructure and paying down the national debt.

Recent data released on the U.S. economy indicates it continues to worsen. Unemployment is still high, home sales are down, foreclosures are up, along with the national deficit and the Congressional Budget Office has said, President Obama's statements regarding the nation debt are wrong. The President's spending plans will send the deficit up, not down, as he claims.