Hold onto your hats, folks, because the financial rollercoaster that is the Bidens’ bank account has just taken a sharp dip, according to this year’s financial disclosures. It turns out President Joe Biden and First Lady Jill Biden are juggling a heap of debts, with their personal liabilities potentially stacking up to a whopping $815,000. Most of this debt is anchored in their Delaware digs, thanks to a hefty primary mortgage and a home-equity loan that’s got the presidential pair feeling the pinch.
But it doesn’t end at real estate woes. The Bidens are also tangled up in other financial knots, including a term loan and a mutual fund loan, making their money matters more tangled than a season finale of “Game of Thrones.” Despite all this, their total assets are nothing to sneeze at, estimated to be somewhere between $1 million and $2.6 million, per The DailyMail. Talk about a high-stakes balancing act between solid assets and daunting debts!
Adding to the drama, it seems the Bidens’ literary endeavors are flopping like a bad Broadway run. Joe’s memoirs, ‘Promises to Keep’ and ‘Promise Me, Dad,’ along with Jill’s ‘Where the Light Enters,’ haven’t earned them a dime in royalties this year. It’s a tough crowd.
However, it’s not all gloom in the Biden book club. Jill’s foray into children’s literature is still pulling some strings, with a few royalties trickling in. She’s also gearing up to drop another kiddie hit, ‘Willow the White House Cat,’ which promises a kitty’s perspective of the West Wing. Should be purr-fect!
These financial tell-alls are part and parcel of the Ethics in Government Act, keeping things crystal clear to avoid any shady business at the top. It’s a transparency train that’s left the station for Vice President Kamala Harris and her hubby Doug Emhoff too, who’ve also spilled the financial beans, showing off gifts from A-listers like Beyoncé and ESPN.
Rewinding the tape, financial fumbles aren’t new for U.S. presidents. Harry S. Truman was nearly broke when he left office in 1953, a plight that nudged the government to set up a pension for ex-presidents. And who can forget Bill Clinton? Exiting the White House in 2001, he and Hillary were bogged down by legal bills from various scandals, racking up debts between $2.28 million and $10.6 million. Yikes!
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