Posted on 05/16/2015 7:07:19 AM PDT by COUNTrecount
Obamas have less than $1,001 in cash savings but have socked away as much as $400,000 in their kids' college funds, according to their financial disclosures
Obamas' networth is nowhere near that of the Clintons, who have reportedly earned a combined $25 million in speaking fees since the beginning of 2014 They are also paying a high interest rate on their Chicago home loan, throwing away more than $6,500 every year instead of refinancing High interest rate hasn't changed since 2005 and is nearly 2 percentage points too high President and Mrs Obama also have more than $1 million in Treasury bills Daughters wont need free community college since they have at least $200,000 – and maybe as much as $400,000 – in college savings accounts Vice President and Mrs Biden refinanced their home equity line of credit last year, snagging the best rate as the market hit bottom
President Obama and his wife Michelle have less than $1,001 in savings, according to their annual financial disclosure report released on Friday.
The modest sum is all that's left in the first family's JP Morgan account after putting away between $200,004 and $400,000 for daughters Sasha and Malia to go to college.
Their assets are worth at least $1.9 million – and perhaps as much as $6.9 million.
But they're light years away from the net worth of Hillary and former president Bill Clinton, who have earned more than $30 million in speaking fees and book royalties alone in the past 16 months.
The Obamas also lack the real estate savvy that the Clintons showed in their Arkansas Whitewater Investment days.
(Excerpt) Read more at dailymail.co.uk ...
Like they’ll have to pay a penny for their scowling daughters college. You think the clintons had to pay anything for Chelsea’s Stanford education?
When a society enters runaway inflation, cash assets quickly lose their value. He is just prepared for that eventuality. Any way he has a cushy retirement package coming in just a couple years so why worry about it?
No wonder I couldn’t find it anywhere on the net. Should have looked at the form structure more closely.
hey Hussein, HERES a QUARTER. CALL SOMEONE WHO CARES YOU USELESS PRICK!!!!!!
Pardon me whilst I hurl a bucket of grisly chunks over this putrid propaganda.
Financially ignorant in addition to being stupid and ignorant in general.
I kind of wish the Clintons and the Obamas would attend a Buddy Holly tribute/reunion flight soon. Lightning could strike twice.
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