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Tipsheet

Eric Swalwell Can't Manage His Own Finances But He Wants Access To America's Checkbook

AP Photo/Marcio Jose Sanchez)

Despite making a six-digit figures over the six years as a congressman, Eric Swalwell (D-CA) has failed to pay down his student loans, cashed out his pension and accumulated credit card debt, the Washington Free Beacon reported.

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Between graduating from law school in 2006 and winning a seat in Congress in 2012, Swalwell worked as a prosecutor for Alameda County and a member of the Dublin city council. During his last full year as a prosecutor, Swalwell made $118,548. When he was sworn into Congress in 2013, he began making the typical Congressional member pay of $174,000 a year.

Financial disclosures show Swalwell's student loan debt, between $50,000 and $100,000, remains at the same levels as when it was first ran for Congress in 2011. 

On top of that, Swalwell cashed out his state pension from his time as a prosecutor and councilman, valued between $15,001 and $50,000.

Fast forward to 2016. He reported investing between $15,001 and $50,000 in a Vanguard retirement account but his credit card debt was pretty high. He had between $10,001 and $15,000 charged to his American Express card and between $10,001 and $15,000 in credit card debt with Chase Bank.

A financial disclosure covering 2017 shows Swalwell's credit card debt, once again, increased. He still owes between $50,001 to $100,000 in student loans but his Chase credit card balance jumped to $15,001 to $50,000 and his American Express card sits between $10,000 and $15,000.

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The one thing missing from Swalwell's disclosures: checking and savings accounts. There would only be two reasons for those accounts not to be included on disclosure forms. 1) He doesn't have either, which is highly unlikely or 2) him and his wife have less than $5,000 in the accounts.

By law, members of Congress are required to report all bank accounts in interest-bearing accounts that exceed $5,000.

He doesn't own a home but instead rents a townhouse in Washington. His biggest asset was his pension.

Swalwell wants to be president and have a say in America's spending but he can't even get his own spending and checkbook in the green. What makes him think that we should trust him with spend our hard-earned taxpayer dollars?

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