Thursday, January 09, 2014

Yes, Virginia, Congressmen and women are just like you and me

What political class?
Time:

Congress Is Now Mostly A Millionaires’ Club

For the first time, more than half of congressional lawmakers are worth at least $1 million
Congress is loaded, if you weren’t already aware.
The Center for Responsive Politics analyzed the personal financial disclosure data from 2012 of the 534 current members of Congress and found that, for the first time, more than half had an average net worth of $1 million or more: 268 to be exact, up from 257 the year earlier. The median for congressional Democrats was $1.04 million and, for Republicans, $1 million even.
To calculate the net worth of lawmakers, 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.
Here’s the breakdown: 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. 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.
And I’m sure every mother’s son and daughter in the house and senate has the same daily concerns I do.
No one should serve more than 2 terms.
No one in the bureaucracy should be able to server more than 5.
Cabinet members MUST leave ALL GOVT when their term ends.
I will take my chances with that, and I know ALL THE ARGUMENTS.
A professional govt class has more problems than those who serve for a short time because it is their duty to do so.

    1 comment:

    Anonymous said...

    Meanwhile. . .Harry Reid inadvertently hands the 2014 election cycle a winning quote for the RNC to win: "Today’s long-term unemployment rate is more than double what it was at any other time Congress let emergency jobless assistance expire."