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.
multi multi millionaires. Pelosi has over 50 million since barry came on board.
their millionaires cause they just stole most of our money and the bankers so im not supprize at all -_-
Aren’t they all broke?
Washington politicians work for the lobbyist , not the people who elected them to work for the people. Special interest groups pay lobbysit, lobbyist pay politicians, and the people get screwed over and over again. Eventually the middle class will be bankrupt , the rich have their loop holes, and the poor don’t pay taxes, so no more money comes in for the special interest groups, then they hire no more lobbyist, then the politicians get no more pay from anyone. Good thinking Washington. Have you ever heard that saying “cutting off your nose to spite your face”, if not u will get the meaning soon.
That’s just wrong
is that the lady whos husband was able to buy up all of the post offices that had been shut down for cheap?
She needs to spend some of that money on a new face.
Only because they have done such a good job of SCREWING THE AMERICAN PEOPLE!!!
insider info.
the ruling class. give me term limits