12 Facts About Money And Congress

12 Facts About Money And Congress

Posted in the Liberty Forum

Feeling Old

Lexington, KY

#1 Nov 8, 2011
#1 The collective net worth of all of the members of Congress increased by 25 percent between 2008 and 2010.

#2 The collective net worth of all of the members of Congress is now slightly over 2 billion dollars. That is “billion” with a “b”.

#3 This happened during a time when the net worth of most American households was declining rapidly. According to the Federal Reserve, the collective net worth of all American households decreased by 23 percentbetween 2007 and 2009.

#4 The average net worth for a member of Congress is now approximately 3.8 million dollars.

#5 The net worth of House Minority Leader Nancy Pelosi increased by 62 percent from 2009 to 2010. In 2009 it was reported that she had a net worth of 21.7 million dollars, and in 2010 it was reported that she had a net worth of 35.2 million dollars.

#6 The top Republican in the Senate, Mitch McConnell, saw his wealth grow by 29 percent from 2009 to 2010. He is now worth approximately 9.8 million dollars.

#7 More than 50 percent of the members of the U.S. Congress are millionaires.

#8 In 2008, the average cost of winning a seat in the House of Representatives was $1.1 million and the average cost of winning a seat in the U.S. Senate was$6.5 million. Spending on political campaigns has gotten way out of control.

#9 Insider trading is perfectly legal for members of the U.S. Congress – and they refuse to pass a law that would change that.

#10 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.

#11 U.S. Representative Darrell Issa is worth approximately 220 million dollars. His wealth grew by approximately 37 percent from 2009 to 2010.

#12 The wealthiest member of Congress, U.S. Representative Michael McCaul, is worth approximately 294 million dollars.

So how are members of Congress becoming so wealthy?

http://www.infowars.com/12-facts-about-money-...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Liberty Discussions

Title Updated Last By Comments
Please be aware 57 min Mistake Made 1
Skipper 4 hr Sal 5
Tarter VS Tarter 7 hr Kentuckian 43
Carol King (Jan '13) 7 hr netta 13
girls with naked pitchers in this county (May '14) 20 hr Harry Lipz 46
Election Who do you support for U.S. House in Kentucky (... (Oct '10) 21 hr WhoLetTheDogOut 1,038
Eclipse Tue Luvvin Sun 3

Liberty Jobs

More from around the web

Personal Finance

Liberty Mortgages