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.
vote this witch out
corrupt
Insider trading untill a few months ago. If I. or you had that if, we could be millionaires too. We would not even need the kick backs!!!
ANYONE CAN SEE IT’S ALL ABOUT MONEY AND ALWAYS HAS BEEN WHILE THE FOOLS IN AMERICA CONTINUE TO VOTE FOR THEM!!!
We knew they could do it. Congrats congress you’ve made it! But what about the rest of us? You know the ones ur riding on our backs to get it done.
Can you say turn the congress over
IT IS ALL ABOUT GREED AND POWER
Corruption is rampant and evil is the rule in the government except for the few who still have honor and want this country to be what it used to be
I wish we all were millionaires but never the direction we are going if we can not even get jobs or start business.
Millionaires cannot possibly understand the day to day needs of those less fortunate, they should not be in office.