n the day America’s first billionaire president took office, “middle class” Joe Biden boarded the Amtrak out of Washington D.C.’s Union Station, bound for Delaware with the kind of modest fortune you might expect from someone who had spent his adult life as an elected official: $2.5 million, mostly composed of pensions and real estate. But Biden was about to cash in. By the end of 2017, he and his wife Jill had earned $11.1 million. They raked in $4.
Biden’s priorities are different. He seems determined to give money to the middle class rather than the wealthy. He has already passed a $1.9 trillion Covid relief bill and just suggested a $6 trillion budget. A detailed look at his personal finances suggest that he and Trump have something in common, however. Both are people who don’t mind taking on debt and enjoy spending freely. So don’t be surprised if the national debt keeps soaring.
Biden put his three kids through private schools and college with the help of borrowed money. “Home ownership is how most middle-class families save, how most middle-class families build assets and for many, it’s the way you send your kid to college, borrowing against it,” Biden explained at a 2015 event for the Department of Housing and Urban Development. “That’s how I got my children to college.
More liquidity came fast, as Joe and Jill Biden started writing books and delivering speeches. The former vice president received a plum professor gig at University of Pennsylvania. With greater earnings came greater spending. In 2017, the Bidens paid $8,600 for household labor, according to their tax returns. By 2020, that number had ballooned to $95,250. A White House spokesperson did not respond to a request for comment about what sort of staff the Bidens employed. They handed out $1.
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mtindera07 Just to think if Fauci didn’t try to stop hydroxychloroquine how many lives would still be living . Sad
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