#1 Wealth in Congress climbed as others saw net worth stay stagnant, reports show
12-27-2011, 08:37 PM
- Join Date
- Nov 2011
Wealth in Congress climbed as others saw net worth stay stagnant, reports show
No wonder why people don't like politicians. Where is OccupyWallStreet on this? I blame the government more than Wall Street for this mess we are in.
Last edited by RedGrouse; 12-27-2011 at 08:39 PM.
12-28-2011, 09:48 AM
It really makes me sick. They get these great benefits. They get paid waaaaaaaaaaay too much. I can't help but think if their pay got cut and their benefits got caught, it would actually help us economically. Use some of their pay to pay off the deficit. Oh, and why the crap do they get free health care? They can afford to buy it straight out. Give them the same benefits and maybe some of them will decide that congress isn't worth being in. With any hope, people who actually care about the people and not companies/activist groups contributing to their campaign will run. It's so sickening. I'm with Perry on the idea of making them part time. Do something to make them lose. They don't deserve their pay and benefits.
12-28-2011, 11:01 AM
- Join Date
- Mar 2010
And they don't get free health care; they buy it. It's pretty damn good, but they buy it.
They pay social security just like you do. They're vested into their retirement plan after 5 years, which is pretty unusual, and can retire after age 50, but only if they have 20 years service. They contribute 1.3% of their salary into the retirement plan.
Read about it:
Also, you have to understand what the article is saying and doing:
From 2004 to 2010, the median net worth of members of Congress jumped 15 percent, the New York Times reports.
15% in 6 years? That's pitiful. Mine jumped damn near that much last year, and I'm retired!
What you're seeing is the news media creating a story where none exists. Not to say that there are no legislators who are greedy and are exploiting the system, but in this case the media is using the current unpopularity of the legislative branch to sell news. :)Worked, didn't it?:)
Last edited by Starbuck; 12-28-2011 at 11:05 AM.
12-28-2011, 11:39 AM
ABC News did a story on this last night and it seems as though there are more Democrat millionaires than Republican. Nancy Pelosi spent Christmas at a $10K a night resort and John Kerry did basically the same. Let them eat cake I suppose.
Another thing they said last night and this one is disturbing. Members of congress are allowed to use information they get when it comes to investments. In other words, they can rely on insider trading legally.
Last edited by NJCardFan; 12-28-2011 at 11:50 AM.The Obama Administration: Deny. Deflect. Blame.
- Join Date
- Mar 2010
12-28-2011, 01:00 PM
And don't forget the cronyism... Ever notice how someone's brother-in-law or other family member always gets in on the taxpayer funded sweetheart deals? What a coincidence.
This is not our legitimate government. Our government has been hi-jacked by lobbyists and special interest groups whose job is nothing more than to supply more rent to the rent-seekers at the expense of the taxpaying public. This type of activity can collapse an empire as the parasite eventually kills the host.
12-28-2011, 03:28 PM
Their college education doesn't mean thiat much to me. Their job performance is poor. They don't deserve the pay and the benefits that they get. They just don't.
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