Staff Reports
President Joe Biden and First Lady Jill Biden are facing financial troubles, with a debt of $815,000. Most of this debt comes from their Delaware home’s mortgage and an equity loan on the property. Despite having assets between $1 million and $2.6 million, they still owe quite a bit of money.
It’s concerning that no one seems interested in buying the president’s books, “Promises to Keep” and “Promise Me, Dad,” as he reported no earnings from them this year. On top of that, Jill Biden’s royalties from her autobiography, “Where the Light Enters,” show a lack of sales. It’s ironic that she only earned royalties for her children’s books, “Don’t Forget: God Bless Our Troops” and “JOEY: The Story of Joe Biden,” while her upcoming book about the White House cat is set to release soon.
The Bidens’ financial records are required to be made public annually to prevent conflicts of interest. This transparency is crucial, especially considering their substantial debts. Additionally, Vice President Kamala Harris and her husband Doug Emhoff’s financial situations were also disclosed, showing various sources of income and gifts received, which must be closely monitored to ensure they are not improperly influencing their decisions in office.
It’s quite alarming that President Biden has seen a decrease in his cash reserves compared to the previous year, with declines in his bank account balances. With ongoing legal issues surrounding former President Donald Trump’s finances, the public is becoming increasingly aware of the financial backgrounds of their leaders, holding them accountable for their financial decisions.
Overall, it’s concerning to see the Bidens and their financial struggles, which raise questions about their financial management and the public’s perception of their financial stability. It’s important for elected officials to set a good example of financial responsibility and transparency, which seems to be lacking in this case.
