Despite $174k annual salary, Rep. Eric Swalwell is a broke ass punk, who has failed to pay down his student loans and has credit card debt up to the wazoo.
In the almost seven years since Rep. Eric Swalwell (D., Calif.) started conning the American taxpayer into paying him an annual salary, in exchange for being a do-nothing member of Congress.
Swalwell failed to pay down his student loans, he cashed out his pension, and has accumulated a ton of credit card debt.
Swalwell graduated from law school in 2006. Well, we should say they gave him a piece of paper to leave because he certainly learned nothing based on all the fictitious crimes he claims President Trump has broken.
Swalwell spent the six years before he started living off the taxpayers, as an Alameda County prosecutor and town council member in Dublin, Calif.—which earned him $118,548 in his last full year of work.
In 2012 Eric Swalwell rode his Ken doll look, and his minuscule pea brain all the way to Congress.
The 38-year-old congressman began earning $174,000-a-year when he entered Congress in 2013, but his annual disclosure forms show his bank account is as empty as the black void he calls a brain.
How much of a moron do you have to be in order to be in Congress for almost 7-years and still be a dead ass broke imbecile? According to the Congressional rules you're allowed to participate in insider trading in the stock market.
That's like getting the weekly lotto numbers the night before and then filling out your card wrong... FOR SEVEN YEARS STRAIGHT!
Or do you just believe it was simply dumb luck that Nancy Pelosi was able to spin the 3.5 million dollars she has earned in salary over her entire 30-year career as a member of the House, into a 40 million dollar net worth?
Or that Dianne Feinstein, after a four-decade run of shooting craps behind the Washington monument, took her 4 million dollars in salary and turn it into a NET worth of almost $60 million.
"Transparency" is not Congress' middle name.
Nothing says honesty more than a $50,000 range to throw your financial darts at.
Members of Congress must fill out their yearly disclosure form, but just in case you make a $30,000 mistake here or there, they made it easier to hide all those thousand dollar handshakes.
In the almost seven-years Eric Swalwell has been milking the American Taxpayers, he has earned approximately $1.2 million in salary.
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But According to the Washington Free Beacon
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.
House of Representatives rules mandate members to disclose all bank accounts held by members and their spouses, as long as the cumulative amount held in those interest-bearing accounts exceeds $5,000.
His California colleague Nancy Pelosi (D.), for example, listed seven checking accounts on her most recent filing. Other House members, such as his Californian colleague Ted Lieu (D.) and fellow presidential candidate Seth Moulton (D., Mass.), also disclose bank accounts.
Congressional newcomer Alexandria Ocasio-Cortez (D., N.Y.) discloses a bank account worth between $15,001 and $50,000. In the year before she ran for Congress, she reported earning $43,719 from bar tending jobs.
It is unclear whether Swalwell has kept accounts off his disclosures because he has less than $5,000 cumulatively, or because he keeps all his money in non-interest-bearing accounts, which are generally used only by financial novices and are becoming a thing of the past.
He has also been prone to making errors on his disclosures. He failed to report his student loan debt on his original disclosures and falsely stated on his 2013 disclosure that he still owned the Alameda County pension he'd already cashed out.
Experts across the board would recommend paying off student loan debt as quickly as possible, if you can afford to do so—the longer you owe, the more you end up paying. Experts would also try and dissuade anyone from cashing out a pension fund early because the move often comes with a financial penalty, as it does for the Alameda County pension Swalwell held. Getting buried in credit card debt is also something to avoid.
Swalwell said in 2015 he pays $600 each month paying down his student loan debt, which would come out to $7,200 a year, or just over 4 percent of his annual salary.
Swalwell's office directed questions on the congressman to his campaign. His campaign did not respond to detailed questions on his financial disclosures.
Swalwell did say, however, that he plans to release his tax returns in the coming weeks.
"Americans should have no doubt about where their leaders' loyalties lie," Swalwell told the Washington Free Beacon. "All candidates running for president should release their tax returns. I will release mine soon, as well."
Of course, this means Eric Swalwell will never release his taxes, since he claims he will not be running for another term, so he can concentrate on running for President.
Of course, this means since he's polling at 0.1% he'll drop out sooner or later because he said he's decided that the House of Representatives needs him to thwart President Trump so he'll be running for another term.
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