Congress getting richer

August · 10-12-12, 06:46 PM

http://finance.yahoo.com/blogs/daily...164000800.html

Quote:

According to a new report in The Washington Post, the median net worth of the current Congress rose 5% during the recession while it fell 39% for the average American. The wealthiest one-third of lawmakers saw their net worth rise 14%. The Washington Post disclosed these statistics in a recent story on the wealth gap between Congressional members and the American public.
"These are supposed to be our representatives," says The Daily Ticker's Aaron Task. "If they're not living the same lives or understanding the lives that the average American is living, how can they really represent our interests?"
The Post analyzed the financial disclosure forms and public records for all Congressional members from 2004 to 2010. Some key findings of the report are:

By 2010, the median estimated wealth for members of the House of Representatives was $746,000; for senators it was $2.6 million.
There was virtually no difference between the wealth of Republicans and Democrats in 2010. Just six years earlier, the net worth of Republicans was 44% higher than the net worth of Democrats.
28% of Congress, or 150 members, reported earning more income from outside jobs and investments than from their Congressional salary of $174,000.
27% of Congressional members saw a decline in their net worth between 2004 and 2010.

Sailor Steve · 10-12-12, 07:02 PM

Yep, they whine about the "rich", but they keep using their position to gain wealth themselves. My personal feeling is that they should not be allowed to vote themselves pay raises, but rather put them to the taxpayers and try to convince us they need it. Also get rid of most of the perks and disallow goodies paid for by anyone else, including lobbyists.

soopaman2 · 10-13-12, 12:24 AM

Just think of the inside information they are privy to. Or have the ability to influence. Wall street will always mean more than the pathetic proles.

Proles in this country are armed though...And running out of patience.

If anyone thinks congress works for the people, then I got you some nice oceanfront property in Arkansas.

Who regulates the regulators?

Noooooobody.

Stealhead · 10-13-12, 12:48 AM

Quote:

Originally Posted by soopaman2

If anyone thinks congress works for the people, then I got you some nice oceanfront property in Arkansas.

Sorry I already sold that property and the land that is really a swamp.

soopaman2 · 10-13-12, 01:05 AM

Quote:

Originally Posted by Stealhead

Sorry I already sold that property and the land that is really a swamp.

You are interfering with my scams *cough* "job creating"

I planned on hiring a Mexican or Foxconn for 4$ an hour with the money I got on this deal, meanie!

Stealhead · 10-13-12, 01:13 AM

Quote:

Originally Posted by soopaman2

You are interfering with my scams *cough* "job creating"

I planned on hiring a Mexican or Foxconn for 4$ an hour with the money I got on this deal, meanie!

Do you mean Hon Hai Precision Industry Co., Ltd.?

Special secret nothing is really made in Taiwan funny when you think that Taiwan aka the Republic of China has the company HQed in the ROC
and the factories and laborers are all in China as in PRC.

10-12-12, 07:02 PM	#2
Sailor Steve Eternal Patrol Join Date: Nov 2002 Location: High in the mountains of Utah Posts: 50,369 Downloads: 745 Uploads: 249	Yep, they whine about the "rich", but they keep using their position to gain wealth themselves. My personal feeling is that they should not be allowed to vote themselves pay raises, but rather put them to the taxpayers and try to convince us they need it. Also get rid of most of the perks and disallow goodies paid for by anyone else, including lobbyists. __________________ “Never do anything you can't take back.” —Rocky Russo

10-13-12, 12:24 AM	#3
soopaman2 Der Alte Join Date: Sep 2011 Location: New Jersey, USA Posts: 3,316 Downloads: 61 Uploads: 0	Just think of the inside information they are privy to. Or have the ability to influence. Wall street will always mean more than the pathetic proles. Proles in this country are armed though...And running out of patience. If anyone thinks congress works for the people, then I got you some nice oceanfront property in Arkansas. Who regulates the regulators? Noooooobody. __________________ If Hitler invaded Hell I would make at least a favourable reference to the devil in the House of Commons. -Winston Churchill- The most fascinating man in the world.