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 ...
Joe “going broke” and Hunter Biden’s legal defense has a problem: The patron paying the bills is running out of cash
This is so bogus.......a Joe Biden scheme to get drug-addled Hunter some time off.
Nobody believed the original fairy tale.......sap-happy Morris and crackhead Hunter met at a Joe Biden fund raiser and immediately became blood brothers.
Morris happened to have some $10 million “just laying around” doing nothing, and gave Hunter a “forgivable loan” b/c nobody wanted to help whoring conman influence-peddler Hunter .......he of the wandering penis.
Sucks he does not have Hunter and his brother out grifting for him. Too many eyes on him now.
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