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.
thats why they are so outta touch with working people!
This has to change! We don’t need the rich getting richer off of us through the congressional seats or the lobbyists.
she needs to go
time for them to go !!
The People are being Fleeced by the people they have working for them. It’s time to clean house.
I’m so sick of DC cronies. Of course they are all corrupted, money mungers, false and liars as they all can be. The traitors can burn in hell where they belong. God bless America
This image in the photo is nauseating!!!!!!!
Pelosi, Feinstein, Boxer, Kerry, Biden, Boehner, obama, clinton, levin, franken, mccain are just a few of the names. Yes, some are not congressmen but part of a major corrupt machine.
Before anyone jumps to any conclusions, first find out how they amassed their respective fortunes. Are they self-made entrepreneurs? Or did they make their monies by being in public (taxpayer-paid) service for the majority of their adult lives? Everyone needs to understand the distinction between the two.
You think!