By Bob Allen, Political Outcast, January 11, 2014
So… a record number of Americans are out of work… take home
income is plummeting, and when you factor in inflation, the average American’s
buying-power is even weaker…
In a week dominated by politicians’ talk about income inequality, a new tally shows that most
members of Congress are millionaires.
Of 534 current lawmakers on Capitol Hill, at
least 268 had an median net worth of $1 million or more in 2012, the analysis
by the non-partisan Center for Responsive Politics found. That’s up from 257
members — or about 48% of lawmakers — in 2011 and marks the first time that a
majority of politicians on Capitol Hill were in the millionaire’s club.
The richest lawmaker: Rep, Darrell Issa,
R-Calif., who oversees the House Oversight and Government Reform Committee and
made a fortune in his car- alarms business. The center calculates his average
net worth at $464 million.
Senators generally are better off than House
members, with an average net worth
of $2.7 million in the Senate compared with $896,000 in the House.
It’s impossible to know exactly how much money
lawmakers have. They are required to report their assets in broad ranges only.
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