10 Ultra-Rich Congresspeople Who 'Represent' Some of the Most Financially Screwed Districts
http://www.alternet.org/story/153583/10_ultra-rich_congresspeople_who_%27represent%27_some_of_the_most_financially_screwed_districts/The hard times that most Americans continue to experience don't seem to be making an impact on their representatives in Washington. Now a new report might shed some light on why. According to a Washington Post story this week, Between 1984 and 2009, the median net worth of a member of the House more than doubled, according to the analysis of financial disclosures, from $280,000 to $725,000 in inflation-adjusted 2009 dollars, excluding home equity.
Members of Congress have only been getting richer over the last 25 years.
Over the same period, the Post continued, the wealth of an American family has declined slightly, with the comparable median figure sliding from $20,600 to $20,500.
Nearly half of all members of Congress are millionaires, the New York Times pointed out, and yet many of them don't see themselves as rich. I dont see myself as a man of great wealth, Representative Ed Pastor, Democrat from Arizona, told the Times. To say that Im enjoying a millionaires lifestyle well, I can tell you, I guess a millionaires income doesnt go very far these days.
RockaFowler
(7,429 posts)And he's a Rockefeller
The whole of Congress sickens me. Look at Issa. Worth over $400 Million. No wonder he votes the way he votes. He could care less for his constituents. Just what is better for him. That's not how Congress was supposed to be.
Take the money out of politics. And then the real people can become members of Congress based on their records not based upon their wallets.
BlueToTheBone
(3,747 posts)we need supporters at DFA...we are in line for funding, but more supporters equal more money...our guy quit a minimum wage job to run.
http://www.democracyforamerica.com/campaigns/4286 It just takes 30 seconds...would you ask your friends to support Ken Aden also?
Thanks
Danmel
(5,778 posts)From a reasonably affluent district in new york
Ter
(4,281 posts)They have the richest of that top 10 at 10, while the least rich is at 1.