Readers' Comments
Total Comments: 12
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237 Millionaires in Congress
Total Comments: 12
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| Close | Change | YTD | |
| G | $13.0760 | +0.0011 | +2.63% |
| F | $13.4554 | -0.0007 | +6.95% |
| C | $12.9082 | -0.0394 | +23.71% |
| S | $15.5321 | -0.0625 | +27.24% |
| I | $18.2310 | -0.1403 | +27.89% |
| Close | Change | YTD | |
| L 2040 | $15.2768 | -0.0566 | +22.32% |
| L 2030 | $15.1461 | -0.0487 | +19.99% |
| L 2020 | $15.0617 | -0.0401 | +17.13% |
| L 2010 | $15.0897 | -0.0155 | +9.09% |
| L Income | $13.7765 | -0.0111 | +7.76% |
November 21, 2009
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A million dollars isn't super wealthy any more
DOD
Sun Nov 8, 2009 05:04:29 AM
Post Reply
This million dollar mark has been used to measure wealth for many years. In fact, if that million is saved for retirement it really isn't that rich as an income stream.
What percent of federal workers over age 50 are millionaires if their annuities and savings are actuarially estimated?
What percent of federal workers or state government workers or high wage workers in private industry that are over 50 are millionaires with respect to retirement savings?
What percent of workers in professions like engineers are millionaires?
There are two questions about representatives. How much did they have when they came? How much do they have now? If a representative was filthy rich when they first ran for office, their constituents knew it and selected them for or in spite of it.
Re: A million dollars isn't super wealthy any more
DOE
Mon Nov 9, 2009 07:30:04 AM
The average American dies with 70K in assets ...give me a break.
Re: A million dollars isn't super wealthy any more
DoD
Mon Nov 9, 2009 09:57:17 AM
You’re speaking in a singular term. Most of the elite in the congress have bank accounts that are plural – million(s)
Congressional Wealth
IRS
Sun Nov 8, 2009 06:58:46 AM
Post Reply
Their actual wealth is far greater than reported (as is the number of millionaires). The disclosure forms are very misleading. For example "separate" spousal assets usually are not disclosed.
It is far easier...
FAA
Mon Nov 9, 2009 08:53:23 AM
Post Reply
... for a camel to pass thru the eye of a needle, then for a rich man to enter the kingdom of heaven.
So, speaking for us less than rich folks, we've got that going for us.
CONGRESSIONAL WEALTH
Retired
Mon Nov 9, 2009 08:57:17 AM
Post Reply
It is well known that Nancy Pelosi is wealthy....did I miss something? I didn't see her income reported; does she have some special priviledge in reporting???
Disconnect
DoS
Mon Nov 9, 2009 09:05:45 AM
Post Reply
Politics is a game for the rich........
Most of use "peons" must scramble for work to pay the bills and put food on the table. Is it any wonder there is a disconnect between members of Congress and the average "Joe" on the street?
The sad part is, we allow this to continue. For example, the recent Health Care bill in the House. Why wasn't it made availble for review by the average guy? Because the members of Congress think we are too stupid to understand. This type of condescending attitude is prevalent......but that is what the rich guy thinks and how they act. Yet, we continue to elect these Bozos!!
The Real Question
DOI
Mon Nov 9, 2009 01:38:50 PM
Post Reply
Were they millionaires before they came to Congress?
Who Cares what they have
retired Dod
Mon Nov 9, 2009 06:22:21 PM
Post Reply
These people are in it for themselves--power and prestige; don't kid yourselves--the middle class will face increasing taxes with these DEMs--2010 mid term elections everyone--get these spenders and arrogant power mongers out of office. Repubicans are also wealthy but at least they are interested in preserving your wealth and supporting small businesses.
Re: Who Cares what they have
FED
Mon Nov 9, 2009 11:49:47 PM
"Repubicans are also wealthy but at least they are interested in preserving your wealth and supporting small businesses."
gee thats funny, my wealth, as in TSP funds, home property value took a big dump about a year ago October, (not to mention 2002-2003) when the Repubs ruled and many more small businesses existed before Walmart and other big boxes moved into my area over the past 8 years flooding us with cheap crap from China. But I almost forgot, my health insurance went up alot, credit card interest rates rose quickly and my kid's college tuitions went up by over 50%. Yea, thanks Repubs for 2000-2008, those were the 'good ol' days'.