For the first time in history, the majority of members of Congress are millionaires.
We’re also witnessing the the most corrupt US government we’ve ever seen.
Gee, think there could be a connection?
For the first time in history, a majority of lawmakers in Congress are millionaires at a time when Americans feel that Congress and those in the “Boomtown” that is Washington, D.C. are becoming more removed from their everyday lives.
According to a Center for Responsive Politics’s analysis of “the personal financial disclosure data from 2012 of the 534 current members,” 268 lawmakers in Congress had an average net worth of at least $1 million. That was up from 257 from the year before.The Center for Responsive Politics found that the “median net worth for all House members was $896,000 (Democrats averaged $929,000 to Republicans’ $884,000) and, for Senators, $2.5 million.” In the Senate, “the median net worth for Senate Democrats was $1.7 million, down from $2.4 million in 2011; for Republicans: $2.9 million, up from $2.5 million in 2011.” According to the report, “the median for congressional Democrats was $1.04 million and, for Republicans, $1 million.”
Rep. Darrell Issa (R-CA) is the wealthiest lawmaker in Congress with a reported average net worth of $464 million in 2012 and the “least-wealthy member was Rep. David Valadao (R-Calif.), who reported an average net worth of negative $12.1 million.” According to the Center, Valadao is in debt “due to loans for his family’s dairy farm.”
To calculate the net worth of members of Congress, “the Center added together members’ significant assets, such as corporate bonds and stocks, then subtracted major liabilities such as loans, credit card debt and property mortgages.” The average net worth of each lawmaker in Congress can be found here.
and we are surprised that taxes growing ? May I ask, WHY ? ? ?
and they wanted a raise? we need less corrupt government
no wonder our country is going broke they are putting ,ost of the money in their own pockets.
Ever wonder why they keep us on such a short leash and keep acting as if they are our masters ?? The middle class keeps getting smaller because the rich just keep taxing the hell out of us to sustain their own lives .
It’s the devil
the alter of fame and power and wealth.. The word tells us ” the love of money is the root of all evil”. we are seeing it first hand in the ruination of our nation.
insider trading
Kind of obvious is it not? The rich only get rich by either scamming the middle and poorer classes by exploiting both classes of people ,or just plain stealing from both classes.
stupid is as stupid does
I’m ready to March come get me when you’re ready to go, well, I’m ready to ride anyway 🙂