Posted on 05/16/2024 8:52:45 AM PDT by algore
President Joe Biden and first lady Jill Biden are carrying a personal debt of up to $815,000, their financial records show, and no one is buying the president's books.
Most of the couple's debt is the mortgage on their Delaware home and an equity loan on that home.
In total, the Bidens reported assets between roughly $1 million and $2.6 million and liabilities between roughly $350,000 and $850,000, according to an Office of Government Ethics form that lists ranges rather than precise figures.
The Bidens' financial records, along with those of Vice President Kamala Harris and her husband Doug Emhoff, are required to be made public annually under the Ethics in Government Act
In his form, President Biden reveals he has had no royalties from his two books: 'Promises to Keep' and 'Promise Me, Dad' this year.
Jill Biden reported no royalties for her memoir 'Where the Light Enters' but did note she received royalties of up to $1,000 for her two children's books: 'Don't Forget: God Bless Our Troops' and 'JOEY: The Story of Joe Biden.'
Biden's liabilities include a mortgage on his personal home carrying a balance between $250,001 and $500,000. The interest rate for the mortgage, which Biden incurred from TD Bank in 2013, is 3.375%.
The president took out a home-equity loan in 2022 with a variable interest rate and a 10-year term, which rose to $100,000 to $250,000 from $15,001 to $50,000.
The president also reported having less cash in the bank than he did in the past year.
One of his bank accounts showed a cash total of $50,000 to $100,000 from $250,000 to $500,000 last year. Another account showed $50,000 to $100,000 in cash, a drop from $100,000 to $250,000 a year earlier.
(Excerpt) Read more at dailymail.co.uk ...
At age 81, he doesn’t care about his own money, as long as he has taken care of Hunter and James Biden through influence peddling and bribery.
The purchasers can then donate the books to the local public library for a tax deduction, or use them to start fires.
“...liabilities between roughly $350,000 and $850,000...”
That’s a BIG spread... try to do that on a spreadsheet.
All conspiracy theories aside, someone 82 years old and he has a debt load like that? And he is trying to run our economy? Doesn’t that tell you everything you need to know.
It’s not like he is going to go on speaking tours after he is out of office.
I just told my wife this.
Her response was: “We have more assets than the President? That has to be a lie.”
I keep telling my wife we are millionaires. She asks why we have to eat chicken again.
You, like everybody else here, keep believing that Joe Biden was "the big guy" who got 10%.
I don't think this is correct.
First of all, when he was VP, he was not "the big guy".
Second, after 2016, it's not Joe Biden who purchased or built not one, not two, but three mansions on prime real estate with a total value of somewhere north of $40 million, without ever earning more than $400,000/year, and that salary only for a brief time.
And, the President and "doctor" Jill aren't visibly wealthy. Corruptocrats like Menendez, or the real "big guy", aren't shy about throwing the loot around.
I agree that when he was VP there was another ‘Big Guy’
today Jill is the ‘Big Guy’
Where we disagree is that I don’t think the big guy has changed.
“ And he is trying to run our economy?”
Don’t be ridiculous. Biden isn’t running or trying to run anything.
It’s Ok:
Assuming that he’s not anointed again, he’ll be ‘falling down’ into money on the gibberish circuit...
p
“and he’s trying to run our economy?”
Looks like he’s run his financial life as well he’s run the the country. I’m not buying this story for a minute.
BINGO
Box of gold bars in the garage
How much does Joe pay per month in blackmail?
True statement, proper debt management can yield very good returns if invested properly.
However, I’ve been tracking real estate in my county, and I think it’s ridiculous that the financial sector is giving 30 year loans to people that will be dead in a decade.
A bunch of for sale signs on real estate will show up over the next 15-20 years to clear that debt.
Will there be a buyer?
Answer: “I don’t have a clue.”
my snarky thought is no worries, he has giving a tom of money to Ukraine. I would think a kickback will be coming after he is out of office.
LOL........so true......Hunter inherited so much from his dad.
They aren’t alone.
https://www.infowars.com/posts/the-american-journal-democrats-mull-canceling-dnc/
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