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 ...
billions in offshore accounts
He owns many more than one house.
If that’s his report, the state of New York should indict him for fraud (never mind that he doesn’t live there).
Article:
“no one is buying the president’s books.”
This has a hilarious double meaning.
No-one is buying the phony baloney financial books either.
He should try painting. Hunter must have gotten his talent from somewhere.
Do they know something we don't know?
Carter: the 4th..5th?.. worst president modern day history.
“Beh! I forgive myself of all debt! Cock-a-doodle-doo! Problem solved! No joke!”
He’s broke because all the money is moving between the 666 shell corporations. Those wire transfer fees add up!
The old man is good with his hands anyhow.
Did he pay his taxes?
Bidens reported assets between roughly $1 million and $2.6 million
WTF?
He owns four homes. No way he only has that little in assets
next biden will do an exec order to pay off home mortgages for democrats.
Is it possible he is under too much scrutiny to access the money in those “other” accounts?
An 81 year old with $815K in debt? Generally not a good idea but he is a President with lots of wealth and many nice properties going up in value over time. So Jill and Hunter should do well.
https://www.townandcountrymag.com/leisure/real-estate/a33809100/joe-biden-real-estate-homes/
He is allowed to lie.
Most of the couple’s debt is the mortgage on their Delaware home and an equity loan on that home.
**********
Biden is still making mortgage payments.....unbelievable... after a lifetime of grift in DC.
He’s also taking out equity loans....I hope it’s a 30 year loan, so Biden will have his loan paid off when he’s a 120.
He wrote a book?
I’m pretty sure that this kind of debt is not allowed in the military. So what is the CIC doing with it?
If they’re blowing it off because they know he has undisclosed assets and income then that’s worse
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