Members of US Congress Get Richer Despite Sour Economy

[sabra]

Source: CNBC

Despite a long and deep recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to a study released Wednesday by the Center for Responsive Politics.

The study—based on federal financial disclosure data released earlier this year—also found that more than half of all members—261—were millionaires.

About one in five of those had average calculated wealth in 2009 of at least $10 million. Eight of the 261 were in the $100 million-plus range.

Rep. Darrell Issa (R-Calif.) ranked No. 1 in personal wealth—$303.5 million.

...

“Congressional representatives on balance rank among the wealthiest of wealthy Americans and boast financial portfolios that are all but unattainable for most of their constituents," said Sheila Krumholz, the Center's executive director.

Read more: http://www.cnbc.com/id/40233691

[redirish28]

1. You know House and Senate members should have to live on Min Wage (Federal) and try and

do their jobs and take care of their families.

[midnight]

4. Interesting idea.

[Winterblues]

2. Well that calls for Tax Cuts for the Wealthy.....if anything does...

No conflicts of interest here.......move on..:shrug: Wonder how many jobs those 261 Congress critters created/added between 2008 and 2010?

[lib2DaBone]

3. Why would a politician spend $78 Million of his/her own money to get a job that pays $130K a year?

Perks baby... the cookie jar... payoffs... geet... the deep pockets... that you and I pay for year after year...

"The People" Def: "The last thing on an elected politicians mind"