According to Roll Call, Hinojosa is worth negative $881,000! Wow! No wonder Hidalgo county is so broke, when our Representative in DC can’t even pay his own bills!

The Trib reports:

Louie Gohmert (l), Republican of Tyler, Rubén Hinojosa (c), Democrat of Edinburg and Silvestre Reyes (r), Democrat of El Paso

Enlargephoto illustration by: Todd Wiseman
Louie Gohmert (l), Republican of Tyler, Rubén Hinojosa (c), Democrat of Edinburg and Silvestre Reyes (r), Democrat of El Paso

WASHINGTON — Texas multimillionaire Rep. Michael McCaul, R-Austin, recently topped a list of Congress’s wealthiest members, and five other Texans joined him in the top 50.

But less well known are the Texas members on the other end of Congress’s net-worth spectrum, including Reps. Rubén Hinojosa, D-Edinburg; Louie Gohmert, R-Tyler; andSilvestre Reyes, D-El Paso.

A low net worth can pose a challenge to lawmakers trying to maintain one home in their district and another in Washington, current and former members say. But it also proves that you do not have to be a millionaire to serve in the people’s house — and that, some say, is an important point to make.

A diverse Congress “on all levels” makes for better legislation and more tuned-in lawmakers, Hinojosa said through a spokesman. Hinojosa, a former president of a food-processing company, is the least-wealthy Texas member — and is in Congress’s bottom 10, according to Roll Call, the Capitol Hill newspaper, which estimated his net worth at negative $881,000.

His annual federal financial disclosure, which establishes a range of values for many of the members’ personal assets and liabilities, puts his average net worth at about negative $2.67 million. He declared personal bankruptcy last year, attributing it to his liability for a bank loan to the troubled food-processing company.