🚨 BREAKING: In a jaw-dropping announcement, the DOJ has unveiled the largest Medicaid fraud bust in U.S. history, charging 324 defendants for their involvement in a staggering $14.6 billion healthcare fraud scheme, which involved false claims submitted to Medicare and Medicaid. pic.twitter.com/u5XHMXQDUU
[DM] He retired late and has a mortgage not set to be paid off until just after his 100th birthday.
Some might say that's not the best of financial planning.
And as he struggles to find his post-presidential feet there seems little prospect that Joe Biden, 82, will get any help from some of his Democratic friends.
Many of them are still seething at the octogenarian's decision to attempt a reelection bid in 2024, and have little appetite to invite him to make lucrative speeches, or to contribute funds to his presidential library.
'There isn't a whole lot of goodwill for the former president in some key corridors of power, and that stems from the fact that he never should have tried to mount a reelection,' one Democratic insider told the Daily Mail.
'A lot of us are frustrated and even angry.
'So, there are very few of us who are well disposed to want to support a presidential library or to provide him any other kind of financial support.
'There are a lot of Democrats that remain really disappointed In what he did and would rather he ride off into the Rehoboth sunset.'
Usually, the years after a presidency are when the money pours in, but for Biden the financial future looks rather bleak.
He is hardly on the breadline, but his finances seem remarkably removed from what voters might expect for a former commander in chief.
According to public records, he left office with a mortgage on his main home in Wilmington, Delaware of somewhere between $250,000 and $500,000, at an interest rate of 3.375 percent.
He took out that 30-year loan with TD Bank in 2013, when he was aged 70, and it was initially for over $500,000, so he did make some progress reducing it as president.
Meanwhile, he has also been juggling a $250,000 home equity loan taken out on his holiday home in Rehoboth Beach, Delaware in 2022, while he was in the White House.
It was a 10-year debt, due to be paid off when he is aged 90, and is on a variable interest rate.
If Donald Trump succeeds in his ongoing quest to get Federal Reserve chair Jerome Powell to cut interest rates then that would help out Biden on that loan.
When he left office Biden also had an open-ended line of credit at an interest rate of five to eight percent for up to $50,000, and another bank loan of up to $15,000 due to be paid back by 2028.
CelticCapri Corp, the company he set up in 2017 to receive royalties from books and speaking engagements was dormant.
And, in their final year in office, Joe and Jill Biden received less than $3,100 in royalties for four books they wrote including 'JOEY - The Story of Joe Biden' and 'Willow the White House Cat.'
Biden did have several bank accounts holding a total of between $632,000 and $1.38million, and a series of investments each worth tens of thousands of dollars, according to presidential financial disclosures. Their tax returns showed the Bidens earned to $619,976 in 2023.
At age 82, Biden is too old for a new career and he has instead been working on a book, having signed a $10million deal with publisher Hachette.
However, that is dwarfed by the $60million Barack and Michelle Obama received for theirs.
Publishers say a tell-all from Jill Biden would be worth much more - if she was willing to stick the knife into those who had a hand in getting her husband to withdraw from the 2024 race, including the Obamas, Nancy Pelosi and George Clooney.
A former White House official told the Daily Mail such a book would be 'explosive,' but it seems unlikely.
Ex-presidents have often cashed in with major speeches and huge fees. Bill Clinton is believed to have made over $100million from speeches.
Biden is represented by a powerhouse Hollywood agency which does not make public his speaking fee.
But its website lists 'cost-saving options' including 'virtual presentations, local/regional events, off-peak booking periods and flexible event dates.'
One Democrat told the Daily Mail: 'He's not a draw. He's not someone that people, because of all of these frustrations, that people want to pay to go to an event where he's the speaker.
'I don't expect donors or organizations are going to seek him out in large numbers. It's not just because Trump is in the White House, it's because of the decisions that Biden made when he was in the White House.'
In April, Biden spoke at the a conference in Chicago held by the Advocates, Counselors, and Representatives for the Disabled.
In July he addressed the annual conference of the Society for Human Resource Management in San Diego.
When he flew out to that event travelers were amazed to see him in an ordinary airport lounge and boarding a commercial American Airlines flight.
A heavily tattooed passenger who grabbed a selfie with him in the Admirals Club Lounge wrote on Instagram: 'I'm literally sitting by the bathroom on my laptop in the AA lounge and I look up. Standing right there is the President. He then asked me how much I can curl and put his head on my bicep. Surreal.'
Biden was then seen stuck in the aisle of the Airbus A321 with other passengers as they placed hand luggage in overhead bins.
One passenger posted a photograph, writing: 'When Joe Biden casually gets on your flight from Philly to San Diego.'
His choice of plane reading was 'How the Irish Saved Civilization' by Thomas Cahill.
After his speech Biden stayed on the West Coast and went to visit his son Hunter in Malibu, where he reportedly stayed in a trailer park - albeit one of the world's most salubrious trailer parks - in a home belonging to the music star Moby.
Biden then went to a public beach where he was photographed struggling with an umbrella as other stunned beachgoers looked on.
He reportedly went to Paradise Cove Beach Cafe, a reasonably-priced restaurant popular with families.
It is well-known as the site where the main character in the 1970s TV series the Rockford Files lived in a trailer.
Meanwhile, Hunter, 55, has his own ongoing financial issues.
According to a 2023 court filing, his ex-wife claimed he owed her $2.9 million.
Another court filing in March indicated he was left without a permanent home after his $4 million rented property in Malibu was damaged by wildfires.
The court filing said Hunter had 'suffered a significant downturn in his income and has significant debt in the millions of dollars range.'
Hunter said: 'While I was aware that my financial position had significantly deteriorated over time, it was not until the past month that I realized I had to take drastic actions to alleviate this situation.'
He told the court that, in his new career as an artist, he had sold only one painting since the end of 2023, along with only 1,100 copies of his book.
He added: 'I was expecting to obtain paid speaking engagements and paid appearances, but that has not happened.'
#1
Biden is in the position that the Clintons were in when they left the White House. They hired Jefferey Epstein and he created The Clinton Global Initiative. A Biden Global Initiative would require Jill to become Senator and then Secretary of State. Joe’s part would be to deliver compelling speeches around the world for high dollar remuneration.
Posted by: Super Hose ||
09/19/2025 12:19 Comments ||
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#2
On the other hand, it's not like he's gonna know.
#4
He agreed to be used in order to get power.
(It certainly wasn't skill or personal charm that got him there.)
They're through using him.
Posted by: ed in texas ||
09/19/2025 13:46 Comments ||
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#5
Like an old broken car rusting in the junk yard. It never ran that well anyway but in 2020 it was the best they had.
Posted by: Abu Uluque ||
09/19/2025 13:56 Comments ||
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#6
Few things in the news these days have given me a bigger smile than this trailer-trash ending. The entire Presidency was a sad, venal, kleptocratic farce...
[FoxNews] The Texas Democrat drew on her legal experience to argue those committing crime out of desperation should not be viewed as criminals
Rep. Jasmine Crockett, D-Texas, argued that people who commit crimes out of desperation should not always be considered as criminals.
Crockett appeared on Jonathan Van Ness’ "Getting Better" podcast, where the host asked her to share one key fact she wishes more people knew about crime in America.
"I would imagine that you worked with a lot of people that were like wrong place, wrong time, like didn't have a voice, like were falsely accused," he said. "What do you wish that people knew?"
Crockett said her work with indigent clients in Texas led her to "understanding what ends up having people become criminally impacted really informs so much of what I do legislatively."
... Harris settled on Tim Walz to be her running mate last year because she felt Americans were too racist, antisemitic and homophobic to accept her preferred option — Pete Buttigieg.
In an excerpt from the former vice president’s forthcoming book, "107 Days," obtained by The Atlantic magazine, Harris describes Buttigieg as her "first choice" but later deemed the openly gay former transportation secretary "too big of a risk" for the ticket.
Buttigieg "would have been an ideal partner — if I were a straight white man," Harris wrote.
Posted by: Lord Garth ||
09/19/2025 00:00 ||
Comments ||
Link ||
[1801 views]
Top|| File under:
#1
As El Rushbo used to say, "Style over substance".
#5
Kamala spent in excess of $1.5B on her campaign in a very short time. Huge chunks of that went to political consultants. A portion of the advice she bought encouraged her settle on Tim Walz to avoid provoking the anti-gay vote. That’s like steering away from Ru Paul and settling on Boy George.
Posted by: Super Hose ||
09/19/2025 6:46 Comments ||
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#6
She’ll probably cackle all the way to 2028 until her campaign debt is put to bed then live the quiet life under the groaning supervision of lapd and chips until the next President is ushered in! Nothing to lose, she’s already been preemptively pardoned.
#8
Thing is, if Petey wasn't gay, what would be the argument to vote for him?
It ain't competence and skill.
Posted by: ed in texas ||
09/19/2025 8:08 Comments ||
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#9
Harris interviewed Governors Shapiro, Walz and Senator Kelly. The story I heard was that Shapiro and Kelly wanted a Coke to sip during the interview by Walz wanted a diet Dr. Pepper.
For some unknown reason, Walz's beverage choice impressed Harris.
Also I apologize for misspelling Walz's name in the title of the post.
Posted by: Lord Garth ||
09/19/2025 9:04 Comments ||
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#10
Left as is - it fits that mincing little dance he does on introduction
Posted by: Frank G ||
09/19/2025 10:40 Comments ||
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#6
Jewishness is an ethnicity like Irish, a culture like American, and a religion like Christianity, all at the same time. All Jews are at least one of those things, some are all of them. Those who convert in get the religion and culture pieces; those who convert to another faith have only the ethnicity remaining, but are considered to have cut themselves off altogether.
#3
Yeah, I definitely want AOC negotiating on my behalf against Xi and Putin.
Posted by: Matt ||
09/19/2025 12:02 Comments ||
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#4
I look forward to the stylized AOC bottle opener merch that her opponents can sell.
Posted by: Super Hose ||
09/19/2025 12:21 Comments ||
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#5
AOC on the House floor just now: "We should be clear about who Charlie Kirk was... His rhetoric and beliefs were ignorant, uneducated, and sought to disenfranchise millions of Americans."
Einstein gets to call someone else ignorant and uneducated. AOC does not.
Posted by: Matt ||
09/19/2025 12:43 Comments ||
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#6
Well, she stays consistent:
JUST IN: Socialist Rep. Alexandria Ocasio-Cortez says the resolution to honor Charlie Kirk's life brings "great pain" to millions of Americans.
She and 57 other House Democrats voted against the simple resolution to honor Kirk's life.
#2
The scoring is still not true. The Congressional Budget Office is like Jon Lovitz's lying character, Tommy Flanagan. When you peal back one lie there is just another lie. Over you can peal back enough layers to approach the truth, but they will never not be lying.
Posted by: Super Hose ||
09/19/2025 7:09 Comments ||
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#3
The swamp runs deep.
Posted by: 49 Pan ||
09/19/2025 15:08 Comments ||
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TEACHERS UNION: The LGBTQ activist running the largest teachers union and her wife wrote a book that argues that most parents in the US are fascists justifying their claim on your students - ‘our’ students as they describe them. pic.twitter.com/35DZyhUF2e
#2
Build a RICO case to knock out that union. If the teachers want to unionize after this one is destroyed that is up to them. Many unions have some type of corruption going on at the higher levels. There is zero chance that this teacher’s union can withstand financial scrutiny. I’m not proposing Beria tactics, it’s just a recognition of the inherent evil of this individual. Her entire attitude screams that the ends justify the means. Those people don’t follow the rules in any regard.
Posted by: Super Hose ||
09/19/2025 7:02 Comments ||
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#3
What a worthless piece of garbage that broad is.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
... Harris settled on Tim Walz to be her running mate last year because she felt Americans were too racist, antisemitic and homophobic to accept her preferred option — Pete Buttigieg. 
[NY Post]
