WFB: Despite $174k annual salary, Swalwell has failed to pay down student loans, built up credit card debt as congressman.
In the six years since Rep. Eric Swalwell (D., Calif.) began earning the big salary that comes with being a member of Congress he has failed to pay down his student loans, cashed out his pension, and accumulated credit card debt.
Swalwell graduated from law school in 2006 and was first elected to Congress in 2012. He spent the years in between as an Alameda County prosecutor and town council member in Dublin, Calif.—which earned him $118,548 in his last full year of work. The 38-year-old congressman began earning even more, $174,000-a-year, when he entered Congress in 2013, but his annual disclosure forms show his financial situation has worsened.
Swalwell has failed to significantly pay down his biggest debt—the $50,001 to $100,000 worth of student loan debt he owed when he first ran for Congress in 2011 still remains at the same level. He has also lost his largest asset—the $15,001 to $50,000 he had invested an Alameda County pension fund when he first ran was cashed out in 2013.
Swalwell in 2016 reported an investment of between $15,001 and $50,000 in a Vanguard retirement account, but he at the same time began to report significant credit card debt.
Appearing for the first time on his 2016 disclosure is between $10,001 and $15,000 in credit card debt with American Express, and between $10,001 and $15,000 in credit card debt with Chase Bank.
His debt to American Express remains between $10,001 and $15,000 on his most recent disclosure, covering 2017, but his debt to Chase Bank increased to between $15,001 and $50,000.
Swalwell owns no property, according to the disclosures. Public records indicate he is currently renting a recently renovated four-bedroom townhome in northeast Washington, D.C.
Oddly missing from all of Swalwell’s disclosures is a single checking or savings bank account. more here
Drugs and male prostitutes aren’t cheap, I suppose.
He can’t manage his own finances, but he wants to be POTUS?
ESAD.
He was getting credit advice from Stacey Abrams. lol
LOL, AOC a former millennial bartender has a higher net worth than an almost 40 year old lawyer. About the biggest fail you can have.
What a dick, and he wants to control my life?
In Congress since 2012 and he’s not a multimillionaire yet?
Maybe his finances should be looked at a little harder.
This is the kind of shit our schools are turning out as leaders.
The age to run for congress should be 45.
He probably only earns minimum wage as a “catcher” or a “pitcher”!
too stupid to know insider trading is not a crime for congress critters
Bless his heart… he can’t EVEN afford some Ex-Lax – to get that constipated look off his face! 😆
This loser, bad bartenders, bigoted arabs, insane somalis – the likes of maxine waters is bad enough, but who is next for congress?
The left’s biggest accomplishment with obama was lowering the bar to the gutter.
Hasn’t lost a #punchableface contest since High School.
I use AMEX all the time but if you let it roll over to the following month the rate is insanely high. You’d think the moron would at least keep that one in control.
Sorry to be uncharitable, but when this buttwipe opens his mouth, he confirms he’s as stupid as he looks. punchableface, in spades.
How much is his husband worth?
“Swalwell has said he will not run for another term in Congress, instead focusing on his presidential campaign.”
A WIN-WIN FOR US, LOSE-LOSE FOR HIM!!
The GOP has been hyper liberal in Cal for 28 years. We’ve had to choose between a far left GOP lier or a center left Dem. Swalwell is a good example. The progressive carpetbagger they ran for Gov last year is another. Just because the lefty had been an out of state liberal did not change his liberal actions, not words!
I’m sorry @exajahead. Did you just describe swallow well as a centrist?
No leftist is a centrist. But the lines have been blurred beyond recognition in the once golden state.
What is the centrist position on abortion, the unelected administrative state bureaucrats issuing decrees pn the people?
Centrist democrats are a myth.
HMMMM lets see the feds took over student loan debt a while a go Representative Swallowell is a federal government employee. Sound like the ideal situation for wage GARNISHMENT to me. He should set an example to his constituents. HA HA like that would ever happen