TV News LIES

Saturday, Jan 31st

Last update06:55:48 AM GMT

You are here News Congress Wealth separates lawmakers from constituents

Wealth separates lawmakers from constituents

E-mail Print PDF

Wealthy congress membersBetween 1984 and 2009, the median net worth of a member of the House has risen 2 1 / 2 times, according to the analysis of financial disclosures, rising from $280,000 to $725,000 in inflation-adjusted dollars.

Over the same period, the wealth of an American family has declined slightly, with the median sliding from $20,600 to $20,500, according to the Panel Study of Income Dynamics from the University of Michigan.

All figures have been adjusted for inflation and exclude home equity, which is not included in congressional reporting. The year 1984 was chosen because it was the earliest for which consistent wealth data were available.

The growing disparity between the representatives and the represented means that there is a greater distance between the economic experience of Americans and those of lawmakers.

“My mother and I used to joke we were like the Beverly Hillbillies when we rolled into McLean, and we really were,” said Michele Myers, the congressman’s daughter, now 46. “My dad was driving this awful lime green Ford Maverick, and I bought my clothes at Kmart.”

More...


Most Recent Related Stories...


Senate passes bill approving Keystone XL oil pipeline

Senate passes Keystone pipeline billThe Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline,...

GOP Plans To Give Explosive Document Back To CIA

Ricgard BurrThe new GOP chairman of the Senate Intelligence Committee intends to give back to the CIA...

House GOP Abruptly Drops Plans to Debate Abortion Bill After Revolt by GOP Women, Others

House GOPHouse Republicans have abruptly dropped plans to debate a bill banning virtually all late-term abortions after...

GOP women object to rape clause in 20-week abortion bill

Renee EllmersA group of female GOP lawmakers is trying to pressure the Republican leadership team to make...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!