Surprise: Debbie Wasserman Schultz saddled with major credit card debt
posted at 11:34 am on September 25, 2013 by Guy Benson
A small irony, courtesy of America’s “we don’t have a spending problem!” party chairwoman:
Debbie Wasserman Schultz: -$1.04 million
The chairwoman of the Democratic National Committee, Wasserman Schultz has spent most of her career in political office, starting as a state legislator in her home state of Florida. She has two mortgages with a combined worth of at least $750,000, plus $350,000 in home equity and personal loans. She also carried more than $50,000 in credit card debt in 2012. Her assets include a spouse-held $100,000 stock in the community bank where her husband works and several small bank accounts including college savings plans for her children.
Whatever. She can just deny her way out of it, right? According to CNN Money, the average American household carried nearly $16,000 in credit card debt last year — so DWS has the Average Joe beat by a sizable margin. This data nugget was mined by Roll Call, as part of its feature on, er, the “poorest members of Congress.” Here’s one other entry on the list:
Alcee L. Hastings: -$2.23 million
A lawyer and former federal judge, Hastings is still paying off legal fees of more than $2 million that he incurred in a trial on charges of bribery while he was serving on a U.S. district court. The Florida Democrat was acquitted of the charges in 1983, but a federal panel later concluded he had lied and fabricated evidence. By 1989, he was removed from the court after votes by the House and Senate.
Being an impeached, disgraced judge can be pretty costly. Incredibly, the people of Hastings’ district have seen fit to reward his corruption with a ticket to Congress every two years since 1993.