Study: Nearly Half of Congress Members Are Millionaires
The shiny ideal of representative democracy starts dimming a bit when one considers factors and figures like those charted in a new study about U.S. Congress members' personal finances. According to the Center for Responsive Politics, 249 current members are millionaires -- that's about 47 percent. (more)
The shiny ideal of representative democracy starts dimming a bit when one considers factors and figures like those charted in a new study about U.S. Congress members’ personal finances. According to the Center for Responsive Politics, 249 current members are millionaires — that’s about 47 percent.
These findings are based on subjects’ 2010 financial records, and according to the center, California Rep. Darrell Issa is on top of the heap with an average net worth of $448 million! For the record, John Kerry didn’t do so badly for himself, either. Read it and weep. –KA
Your support is crucial…OpenSecrets.org:
The Center’s analysis is based on the median values of lawmakers’ disclosed assets and liabilities.
That lofty financial status is enjoyed by only about one percent of Americans.
“The vast majority of members of Congress are quite comfortable, financially, while many of their own constituents suffer from economic hardships,” said Sheila Krumholz, executive director of the Center for Responsive Politics.
With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and unearth untold stories.
Business & Economy
Here’s what to expect as lawmakers try to hash out a new farm bill.
Editorial Cartoons
Editorial Cartoons
Editorial Cartoons
News
The results hinge on a handful of states and races.
Middle East
Washington will give Netanyahu whatever he wants, whether it's in America's interest or not. Who will say no?
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.