Net worth questions, arise again

Discussion in 'Politics' started by CA95380, Aug 25, 2008.

  1. CA95380
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    CA95380 USMB Member

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    Even though I have decided to support the Obama/Biden ticket I just heard Biden say something that made me say .... "Hmmmmmm" :eusa_shifty:

    No link available yet ... it was JUST on a news broadcast - so do not ask!

    Statement by Biden: "My net worth is between $75,000 and $100,000" :eek:
    Does that include a home?? :eusa_shhh:

    This old link dated (Saturday, March 24, 2007; 8:40 AM)
    even almost confirms what he said;
    Measuring Wealth of the '08 Candidates - washingtonpost.com
     
  2. Bern80
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    Bern80 Gold Member

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    I would have a really hard time believeing that. Your net worth is the value of all of your assets minus liabilities. Unless he doesn't own a home or a car or is massively in debt, I would have to call shennanigans.
     
  3. DiamondDave
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    DiamondDave Army Vet

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    Agreed

    But IF a man of that age and experience is only worth that amount in reality, I would severely question his worth as an effective decision maker in a powerful political position
     
  4. CA95380
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    CA95380 USMB Member

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  5. Ravi
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    Ravi Diamond Member

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    Maybe all those usury rates he voted in for the credit card companies are biting him on the tush.
     
  6. Bern80
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    Bern80 Gold Member

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  7. Denny Crane
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    Denny Crane Obama/Biden

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    From what I know of Biden he lives a modest lifestyle that has allowed him to relate to the middle class. I don't see much of an issue where the lives of the rich and famous is concerned with Biden

    It seems odd to find a politician living modestly.
     
  8. Shadow
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    Shadow BANNED

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    Per the AP:

    A look at Biden's net worth - Yahoo! News


    Earned income: $298,200

    Major assets: Bank accounts, mutual funds and insurance policies, $59,000-$366,000.

    Major sources of unearned income: Income from various mutual funds, dividends from Massachusetts Mutual Life Insurance Co. policies, $2,501-$5,000.

    Biden collected $112,500, the second half of his advance, for delivering the manuscript of his book, "Promises to Keep," to publisher Random House in July 2007. He also earned $20,500 in teaching stipends from Widener University.
     
  9. editec
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    editec Mr. Forgot-it-All

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    Hard as it must be for you to believe, not everyone cares about amassing a fortune, DD.

    Some people really do think that money is just a tool and that the things of real value aren't tangible.

    Frankly I question how effective one can be as a decision maker in public office if one's claim to competence is nothing but having made a lot of money.
     
  10. Red Dawn
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    Red Dawn Senior Member

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    Net worth is all assets minus all liabilities.

    Financial disclosures indicate Biden is the least wealthy member of the Senate, with net worth in the range of negative $302,980 to $277,997

    So, if he said his net worth is around 100k, that's probably right in the middle of that range.


    Joe Biden

    Joseph R. Biden Jr. (D-Del) - 2006 | OpenSecrets

    -Net Worth: From (negative) -$302,980 to $277,997
    -Assets: 29 totaling $62,020 to $418,000
    -Liabilities: 5 totaling $140,003 to $365,000
    -Transactions: 22 totaling $16,002 to $85,000
    -Income: 3 totaling $185,700
     

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