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.
Of all the enemies of the world. I despise Obama and the Congress the most
And, how many of them were ever in the military??
and again how on their salaries do they become millionaires…oh wait, I know…because they get paid, plus get all benefits, retirement and houses are also paid for by We the People…but it doesn’t stop there…oh no, they also get paid off by Corporations and Banks to do their bidding!
That’s one ugly mouth
Reaganomics in action,lol.
CROOKS
How can this happen?
And, Dan, you are so wrong! Do ypu know that reagon is no longer President or is even with us?
easily they have been in there for so long they have had more than ample time to get the kickbacks bribes etc the larger lobbyist groups give them all the time,then there’s the highly illegal insider trading they can do but if we did it it would mean a prison sentence and fine to boot,their all corrupt and when you have been in an office as long as these idiots have been people give you money,and lot’ of it so you will vote for their agenda’s no matter how bad and ot harmfull they are to the people and the country
ITS HAPPENING BECAUSE INSIDER TRADING ISNT ILLEGAL FOR POLITICIANS… ISNT THAT OBVIOUS….