Vice President Biden Admits He Occasionally Takes Out Payday Loans

Vice President Joe Biden visited with Al Sharpton this morning on MSNBC where he spoke candidly about Hillary Clinton, his 2016 presidential aspirations and the financial hardships his family has faced since becoming the vice president.


JOE BIDEN: Everybody thinks because you’re the vice president you’re rolling in dough. I wish it were true, but it’s not. I’m no different than millions of other Americans who struggle every month to make ends meet.

AL SHARPTON: Hillary said they had to borrow money to buy houses.

JOE BIDEN: She was fortunate to know wealthy people willing to lend her large sums of money.

AL SHARPTON: You tellin’ me you don’t know any rich people?

JOE BIDEN: As the vice president I interact with wealthy people all the time. But the Biden family’s friends are mostly blue collar workers. Just regular folks struggling to get by. Unfortunately, many of them are unemployed. So no, there isn’t anybody to borrow money from. And even if there were, we’d never be able to pay it back.

AL SHARPTON: So how do you get by?

JOE BIDEN: Well, like millions of other Americans, Jill and I live on a tight budget. But even then there are the unexpected expenses that always seem to occur during the the lean times. When the brakes on the car go out or the roof starts to leak.

AL SHARPTON: How do you manage during those times?

JOE BIDEN: Sometimes I’ve had to take a payday loan. It doesn’t happen very often, but there have been times it’s been my only option.

AL SHARPTON: But you’re the vice president of America. Can’t you just go get some money from the place where they make it?

JOE BIDEN: (chuckling) Oh, if it were only that simple. Look, I don’t want anyone thinking we’re going hungry or anything. We’ve eaten for free at the White House plenty of times. But every now and then when our backs are against the wall financially, I’ll head over to an inner city check cashing business and get a payday loan. It’s no big deal. Lots of Americans do it. I’m no better than they are, even if I am the vice president of the United States.

AL SHARPTON: But my producers told me your wife is a doctor. Can’t she do a few brain surgeons or something? I would think that would bring in a substandard amount of cash.

JOE BIDEN: Well, she’s not that kind of doctor. Her doctorate is in education.

AL SHARPTON: So let her operate on some teachers.

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