How did Cantor and Ryan become millionaires?

[Voice for Peace]

They don't seem like hardworking Americans to me.

Article Headline:

Millionaires Eric Cantor and Paul Ryan Plan To Cut Off Food for 4 Million Americans

http://www.politicususa.com/2013/08/09/millionaires-eric-cantor-paul-ryan-plan-cut-food-4-million-americans.html?utm_content=buffera6004&utm_source=buffer&utm_medium=twitter&utm_campaign=Buffer

Shortly before Congress adjourned for its August recess, House Republican leaders disclosed that they plan to move a bill in early September that doubles — to $40 billion over ten years — their proposed cuts to SNAP (the Supplemental Nutrition Assistance Program, formerly food stamps) and immediately cuts 2-4 million more low-income individuals from the program.[1] The new cuts come primarily from eliminating waivers that states can use, during periods of high unemployment, to ease the severity of a harsh rule that limits SNAP to three months of benefits out of every three years for people aged 18 to 50 who aren’t raising minor children and are unemployed, regardless of how hard they are looking for work.

Under the new House Republican proposal, if such individuals can’t find at least a half-time job, they will summarily be thrown off the program after three months — irrespective of how high local unemployment is. The individuals in question are among the poorest people in the United States. SNAP program data show their average income is just 22 percent of the poverty line, about $2,500 a year for a single individual. For most of them, SNAP is the only state or federal income assistance available. On average they will receive about $160 a month in SNAP benefits in fiscal year 2014.

The individuals at risk of losing basic food assistance are a diverse group. More than 40 percent are women. One-third are over age 40. Among those who report their race, about half are white, a third are African American, and a tenth are Hispanic. Half have a high school diploma or GED, and another fifth have some college education. They live in all areas of the country, and among those for whom metropolitan status is available, about 40 percent live in urban areas, 40 percent in suburban areas, and 20 percent in rural areas.

As a result of the proposed cuts, many of these individuals would fall deeper into destitution. Some would likely experience hunger as well as homelessness; money spent on food isn’t available to pay the rent, and with income this low, it can be very difficult to do both.

[Voice for Peace]

1. found an answer, part one:

According to OpenSecrets.org, Rep. Cantor's net worth on his most recent disclosure form in 2009 was between $2.2 million & $7.5 million. And Cantor didn't pull himself up by his bootstraps - working for his dad's real estate firm is his only private-sector job that I'm aware of. Between Rep. Cantor and top GOP presidential candidate & member of the top 1% Mitt "Middle Class" Romney, could President Obama ask for better examples of how the GOP is part of the problem?


http://www.bluevirginia.us/showDiary.do?diaryId=5135

[Dont_Bogart_the_Pretzel]

2. Another way to screw the poor.

Why do they care, the poor didn't vote for them....


Sad thing is some did vote for what they(R) were preaching.

[CurtEastPoint]

3. Cantor: family..... Ryan: grandpa and wife

Cantor worked for over a decade with his family's business doing legal work and real estate development

His great-grandfather, Patrick William Ryan (1858–1917), founded an earthmoving company in 1884, which later became P. W. Ryan and Sons and is now known as Ryan Incorporated Central.

Ryan's wife = tax attorney.

[Voice for Peace]

6. thanks!

my heartfelt wish for most millionaires is that they
might experience poverty long enough to develop
compassion.

[valerief]

7. I'd rather they experience poverty forever. They've earned at least that. nt

[Voice for Peace]

4. and the other, part two:

http://www.huffingtonpost.com/2012/08/14/paul-ryan-worth-millions-_n_1774346.html

Paul Ryan Worth Millions Thanks To Wife's Wealth

[spin]

8. Becoming a politician or a evangelical Christian preacher could be a good career choice ...

if you're primarily interested in acquiring a fortune. It helps if you have lots of charisma and you are willing to lie and deceive your constituents or your congregation.